Laith Khalaf: Central bankers need thick skins and cloth ears

25 years of BoE independence

clock • 4 min read
Laith Khalaf: "The era of central bank independence has coincided with globalisation, ageing demographics in developed economies, and significant technological advances, all of which have helped to keep a lid on inflation."
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Laith Khalaf: "The era of central bank independence has coincided with globalisation, ageing demographics in developed economies, and significant technological advances, all of which have helped to keep a lid on inflation."

The Bank of England is by no means perfect, but we are much better off with the MPC in charge of monetary policy, rather than an elected official, who might make interest rates dance to the tune of populism, party politics, or their own ambition, writes Laith Khalaf

On 6 May the Bank of England celebrated 25 years of independence, though, given the current inflationary environment, the champagne might be downgraded to some Tesco own-label prosecco. Granting independence...

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