BoE’s Kohn and Taylor foresee FPC divisions
Decisions likely to be less consensus-based in future
Decisions on the Bank of England's (BoE) financial policy committee (FPC) are likely to be more contentious in the future, two of its members said today.
Both Donald Kohn and Martin Taylor, external members of the FPC, said the current consensus was unlikely to last, particularly when the committee begins to calibrate its tools.
Taylor said: "I agree with Don; we are not opposed to voting and I think when we come to calibrating numerical things like the CCB [counter-cyclical capital buffer], it
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