BoE's John Gieve says the central bank saw the crisis coming a couple years ago, but didn't...

|By:, SA News Editor

BoE's John Gieve says the central bank saw the crisis coming a couple years ago, but didn't think it would be nearly so severe. Even if BoE had known how bad things would get, Gieve adds, it didn't (and doesn't) have the right tools to prevent the crisis.