Mervyn King

Mervyn King is a central bank banker known worldwide for his innovative and influential ideas. He served as the Governor of the Bank of England and Chairman of the Monetary Policy Committee from 2003 to 2013. During these 10 years, he also served as a board member of the European Central Bank. In addition, he also served as Vice President of the European Central Bank from 1998 to 2003, Chief Economist, Executive Director from 1991 to 1991, and Non Executive Director from 1990 to 1991. Jin En was ranked 11th among the most influential 500 financiers internationally in 2013. King has made many contributions to the Bank of England, making it more modern and trustworthy. He is famous for his innovative methods, problem-solving ability, and ability to grasp the core of problems. Former Bank of Israel Governor Stanley Fischer and former head of the Swiss Central Bank, Philips Hildebrand, praised King for teaching the world what an independent central bank is. He changed not only the Bank of England, but also central banks around the world. In addition, as the Chief Economist, King has established an independent monetary policy to enhance the credibility of banks. He educated a generation of top-notch young economists and worked together to curb inflation. After King's tenure ended, he left behind his innovative approach to inflation targets, two monthly policy meetings, memos, and inflation reports for his bank. In addition, he popularized the method of setting inflation targets worldwide. And his theory became the theoretical basis for the Bank of England's new construction policy, as evaluated by former British Chancellor of the Exchequer Kenneth Clarke. The policy strategy he designated performed very well between 1992 and 2012, with an average annual price increase of only around 3%. In the earlier 20 years, this ratio reached 10%. His designated system underwent severe tests during the financial crisis. The inflation target in the current bank credit system is already very perfect, and the expectations of enterprises and workers for inflation are close to 2%. In 2013, King entered the House of Lords in the UK and began his career in public service. In July of the same year, he was conferred the title of Baron. At the end of 2013, King was appointed as an outstanding visiting professor and visiting researcher of the Foreign Relations Committee at the New York Law School. In addition, Gene also taught at King's College, Cambridge University, Harvard University, and the University of Birmingham, and later became a visiting professor at Harvard University and Massachusetts Institute of Technology. He also served as an economics professor at the London School of Economics, where he founded the Financial Markets Group.