BoE’s Woods sees merit in multiple policy committees
New deputy governor says MPC and FPC should remain separate
Despite the "heavy governance burden" imposed on executives at the Bank of England (BoE), having more than one policy committee has "significant benefits", the deputy governor for prudential regulation has said.
Sam Woods appeared before the UK government's Treasury Select Committee today (July 19), following his appointment as CEO chief executive of the Prudential Regulation Authority (PRA). He succeeded Andrew Bailey in the role on July 1.
Woods defended the existence of both a monetary policy
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