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Michael Saunders: The rate-setting hawk pushing the Bank of England to be ‘a bit more activist’
If persistence won you votes on the Bank of England’s monetary policy committee, Michael Saunders would probably already have the interest rate rise he’s after. In August 2013 when Mark Carney had just become Governor, the enterprising economist, then at Citigroup, was so keen to quiz him that he paid £10 to join the Nottingham Chamber of Commerce so he could get into the Canadian’s first public event, and hopped on a train. Carney met his question with a raised eyebrow (“Have you moved up here, Michael?”) before stonewalling his eager inquisitor. These days Saunders, who laughingly describes himself as a ... (full story)