Summary
BANK of England Governor Mervyn King is coming under intensifying pressure to improve his communications with the markets, after another bank complained about recent surprise hikes.
Northern Rock boss Adam Applegarth said King and his Monetary Policy Committee colleagues should peg rates at 5.25pc this week, warning they have unsettled the markets too often in recent months.See the full content of this document
Extract
Bank Tells King Not to Rock the Market
King's avowed aim is to make monetary policy 'boring' and predictable, but hikes in both...
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