BoE's Lambert 'admired' King's rate decision

In the speech 'Central bank communications: Best practices in advanced economies' given on 23 January Richard Lambert of the Bank of England, a former editor of the Financial Times, highlighted the likely change in communication at the Federal Reserve, following Alan Greenspan's departure at the end of this month.

The external MPC member said of Mr Greenspan: "He sometimes takes a pleasure in expressing himself in a way that can leave his audiences bewildered. As he famously remarked when a

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