Meet the Governor

Today's Guardian has a profile on Bank of England Governor, Mervyn King, by Ashley Seager: At school he was a very studious boy and very bright- it was clear that he would go a long way. Apparently he's no softie:

You mess with Mervyn King at your peril. He told an MP on a cross-party committee who suggested he had changed his views on the economy to ensure he got the governor's job: "The cynicism of politicians is not something you should visit on everyone else. I look forward one day to an apology."

He told legendary investor George Soros at the launch of the latter's latest book that it would add "nothing to the world's stock of intellectual knowledge". He does not suffer fools gladly. This has meant he has not always had a smooth path at the Bank. He has clashed with staff whose views differ to his. "He can be pretty ferocious," said a former staff member.

Comments

[sideshowbob]

interesting to see that Mervyn King feels that his hands are tied in not being able to counter house prices due to the "Brussels-based experts" who devised CPI whereas the ECB chairman Trichet feels no compunction about targeting real estate

http://www.theherald.co.uk/business/news/d...1130076.0.0.php
At the beginning of November, an exasperated King told a House of Lords committee that, although the Brussels-based experts who devised CPI had plans to include a measure of house price inflation, actual proposals had been delayed so often he did not expect to see them bear fruit "in my lifetime".

http://www.bloomberg.com/apps/news?pid=206...&refer=home
"Economic indicators justify the steps we have taken in the past," Trichet said in an interview with France's RTL Radio and LCI Television. He said central bankers were "closely" monitoring data on loans, real estate prices and energy costs.

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"He said central bankers were "closely" monitoring data on loans, real estate prices and energy costs."

Yes, but doing the rounds of estate agents in St. Tropez ... does that qualify as "monitoring data on ... real estate pricesé? ; ^ )

[sideshowbob]

if peering through the window at the estate agent means monitoring data then i guess about half the country is qualified to have an opinion!!

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