Magazine article The Spectator

A Treeful of Owls

Magazine article The Spectator

A Treeful of Owls

Article excerpt

A treeful of owls

PROFESSOR Charles Goodhart came back from an arduous lambing season on his Exmoor farm and felt better. So he changed his mind about interest rates, and took the view that they did not need to go up, and his was the swing vote on the Bank of England's monetary policy committee, which was thus able to sustain its policy of anguished inactivity without the governor having to vote twice. This Threadneedle Street sitcom has developed a cult following, but gives Wim Duisenberg a sense of humour failure. He is the dour Dutchman chosen to preside over Europe's central bank while he keeps his place warm for a Frenchman, and he has no plans for staging this show on his premises. Why, it would mean letting people know how his directors voted, and they might be seen not to agree with each other or - even worse - not to agree with him. …

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