Tuesday, June 10, 2008
King on the banks
Posted by David Smith at 12:45 PM
Category: Thoughts and responses

Mervyn King's keenly-awaited speech to the British Bankers' Association was interesting in its description of recent events and the relationship between the Bank and the banks. The governor is critical of the banks but stresses that they are now working together. But those hoping for clues on monetary policy will have been disappointed, in the text, available here, at least.