The British pound was hands down the best performing currency today as it rose against the US dollar, Euro and Japanese Yen. This was partially due to dollar weakness and the expectation that tomorrow’s consumer price figures will be hot.
Like the rest of the world, the UK has not been immune […]

Posted in Mervyn King, Inflation, Bank of England No Comments »

The Financial Times has a fascinating article on the compensation of Central Bank Governors. Of the 7 central bank heads that were reviewed, the highest paid is Joseph Yam of the Hong Kong Monetary Authority. Appointed in 2005, his annual salary is $874,474.
Bernanke on the other hand, whose monetary policy has […]

Posted in Mervyn King, Trichet, Bank of England, Bernanke, ECB 1 Comment »