Comments on: Bank of England reaches limits of independence http://blogs.reuters.com/breakingviews/2011/11/08/bank-of-england-reaches-limits-of-independence/ Sun, 28 Apr 2013 15:49:48 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: ActionDan http://blogs.reuters.com/breakingviews/2011/11/08/bank-of-england-reaches-limits-of-independence/comment-page-1/#comment-8623 ActionDan Tue, 08 Nov 2011 21:28:52 +0000 http://blogs.reuters.com/breakingviews/?p=7457#comment-8623 Excessively loose monetary policy appears to have been the order of the day ever since the BoE was granted independence. To my mind, that is not a great result, although it will always make the BoE popular with banks and those with large mortgage debt. Let's hope that greater supervision is beneficial, but given the political pressure on the BoE recently to print more money, I suspect it's unlikely to make much difference. Excessively loose monetary policy appears to have been the order of the day ever since the BoE was granted independence. To my mind, that is not a great result, although it will always make the BoE popular with banks and those with large mortgage debt.

Let’s hope that greater supervision is beneficial, but given the political pressure on the BoE recently to print more money, I suspect it’s unlikely to make much difference.

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