Central bank independence 'threatened by QE, nationalism, and loss of trust in globalisation' – live

All the day’s economic and financial news, as the Bank of England holds a conference to mark 20 years of setting UK interest ratesLatest: Gordon Brown explains why he set bank free7 reasons why independence is under threatDeAnne Julius: QE has hit public faith in central banksMark Carney warns Bank can’t prevent Brexit hitting real wagesEarlier:Bank of England marks 20 years of setting interest ratesPolitics Live: Theresa May defends free marketsThe full BoE agenda 3.03pm BST Back at Fishmonger’s Hall, Otmar Issing, the ECB’s first chief economist, is warning that central banks should resist launching ‘helicopter money’ operations.”Once you start with helicopter money, you will never get back control from politicians.” Typical German view from Otmar Issing #20YearsOn 2.51pm BST Mark Carney was correct to warn today (see 9.21am) that Brexit is the most important factor on the UK economy, says Mihir Kapadi, CEO of Sun Global Investments.He adds: His statement indicates perhaps that the Bank of England no longer feels it has the full autonomy it has been enjoying over the last 20 years in determining the monetary policy. It now feels constrained by an external factor – the EU’s relationship with post-Brexit Britain… As the BoE marks 20 years of political independence today, the current Brexit period points to new period of great uncertainty for the Bank Continue reading…
Via: Central bank independence 'threatened by QE, nationalism, and loss of trust in globalisation' – live