As is now customary for retiring central bank chiefs, Bank of England Governor Mervyn King has received a warm – but not a standing – ovation from economists for his time in charge.
But if there’s one thing the last few years have shown, it’s that the legacy of prominent central bankers can sour quickly after retirement.
King received a median 7 out of 10 score for his 10 years as Bank of England governor from 39 economists polled by Reuters this week.
Although the general tone was favourable, there was a wild range of opinion.
One economist was so appalled by his governorship that he awarded him 1 out of 10.
Another thought he was nothing less than a triumph of modern central banking, giving him 10 out of 10.