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Thread: The FED and the BoE

  1. #1 The FED and the BoE 
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    The FED has been getting a lot of bad press over the years, but technically isn't the BoE a British Federal Reserve?


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    Brassica oleracea Strange's Avatar
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    Yes, they are both central banks (I assume BoE = Bank of England).

    The BoE used to be a branch of government but was given its independence by the last Labour government.


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    Yes, the Bank of England. I'm guessing then the fundamental reason Britain refuses to join the EU is the BoE?
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    Brassica oleracea Strange's Avatar
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    No. The BoE has no say in the matter. It is purely a political and economic matter.
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    Like debt?
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