Comment: Central banks scrutinize staff costs
The news this week that the Bank of England is letting go some people in its financial stability group in order to focus on the challenge of identifying key risks (rather than routinely monitor the existing spectrum of risks) reminds us that central banks, as with all official-sector bodies, are under constant pressure to contain their costs. Presumably it would have been easier for the Bank to have kept those people on and to have recruited new
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