Where finance and media intersect with reality


Paul Tucker on BoE independence

My former colleagues Jonathan Ford and Neil Collins have bagged an absolute must-listen interview with Paul Tucker, formerly of the BoE, now a fellow at the Harvard Kennedy School. Tucker is also the author of Unelected Power: The Quest for Legitimacy in Central Banking and the Regulatory State. He also happens to be a voice […]

Do politicised central banks have a right to independence?

One of the great questions of our time is whether central bank independence is really still a thing. Yes, of course, in principle it still is. But in recent post-QE, ESG, Covid stimulus and climate-agenda years, the lines between government policy and central bank policy are becoming ever more blurred. This becomes clear when you […]