Laith Khalaf: Central bankers need thick skins and cloth ears

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 to the central bank was one of the first things Gordon Brown did when becoming Chancellor, only a few days after Labour won 1997's landslide election. Just a month later, the Monetary Policy Committee was holding its first interest rate meeting as an independent body, and the rest, as they say, is history. Since the central bank was made independent, the UK has enjoyed an extraord...