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It could make a hash of setting interest rates.
"I thought it was all about setting interest rates".
When it comes to setting interest rates, it has nearly exhausted its options.
Instead of politicians setting interest rates, a group of economists now oversee the job.
Specifically, they want to force the Fed to pick a mathematical rule for setting interest rates.
The Bank of England's goal in setting interest rates is to maintain inflation at 2.5percentt.
The method of setting interest rates has changed markedly in my lifetime.
The yield is a common benchmark for setting interest rates on corporate debt and mortgages.
He also thinks the process of setting interest rates should be more formalised.
The trouble is, stimulating growth has never been at the heart of the European bank's deliberations in setting interest rates.
Cable would also like the Bank of England to "lean against the wind" when setting interest rates.
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