BoE’s Weale outlines idea of one man, one hundred votes
Giving each MPC member 100 votes would allow them to indicate nuanced positions
Martin Weale, an external member of the Bank of England's (BoE) monetary policy committee (MPC), on June 28 outlined an idea for improving the voting process at meetings.
In a speech at the Thomas Guggenheim Conference, Weale examined the various facets of the role of an external member of the MPC, including adding to the committee's deliberation, communication and accountability. He noted that at times, having a single vote made it impossible to properly convey one's stance on complicated
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