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Mike Buckle and John Thompson

external, recognised experts, who will be permitted to engage in other activities which do not ‘give rise to a conflict of interest’ (Chancellor’s letter to the governor). Decisions on the level of the bank rate (see chapter 9 for a discussion of money market intervention by the BofE) are made on the basis of a majority vote, with the governor having the casting vote in the event

in The UK financial system (fifth edition)