Magazine
Latest Issue

Six years after the financial crisis began,  changes are under way to reduce the likelihood of it happening again. Among them, many countries have given greater powers to their central bank—although debate continues about how best to do this. The relationship with the societies we serve as central bankers has become more extensive, raising questions about how we can demonstrate that we deserve the trust placed in us.

A central bank can have a wide or narrow set of functions, all centred on stability. At the Bank of England, the Monetary Policy Committee (MPC) has a mandate to maintain low…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

We want to hear what you think about this article. Submit a letter to letters@prospect-magazine.co.uk

More From Prospect