A central-bank spending spree

The Bank of England has blown €1.7bn of foreign-exchange profits on a “spending spree”.

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Mark Carney: overstepping his role as head of the Bank of England

Mark Carney's recent intervention in the referendum debate, warning that Brexit could hurt the UK economy, has been controversial. Indeed, some have complained that he is overstepping his role as head of the Bank of England. However, his behaviour is nothing compared to that of the Hungarian central bank. As Andrew Byrne in the Financial Times points out, it has blown €1.7bn of foreign-exchange profits on a "spending spree".

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