Bank of England Struggles to Retain Economists Lured by Big City Bonuses

(Bloomberg) -- The Bank of England's governing board
said it's concerned about an exodus of economists, who were lured
by higher pay in London's financial services industry last year.

``There has been some concern that the implementation of
changes to the staff mix in the monetary analysis and financial
stability areas has been adversely affected by a higher rate of
resignation and vacancies in the past year,'' the U.K. central
bank's directors said in its annual report, published yesterday.


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