Downing Street Says » Bank of England

» Thursday, November 25, 2010

Bank of England

Asked about Dr Posen’s remarks on comments made by the Governor of the Bank of England, the PMS said that his remarks were a matter for him. The PMS said that it was not unusual for the Governor of the Bank of England to make comments about fiscal policy.

The PMS said that in his experience, Bank of England Governors talked about fiscal policy, as well as monetary policy. Asked if it was clear that the Governor of the Bank of England maintained his impartiality during the forming of the Coalition, the PMS said that people should speak to the Bank of England for the precise position. It was certainly true that the Governor of the Bank of England could meet with Opposition politicians and brief them on issues.

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