25 APRIL 1992, Page 24

Gamma query plus

THE TREASURY and the Bank of Eng- land are the best of enemies, so both will enjoy Andrei Nechayev, Russia's economic minister, speaking out this week in support of his hard-pressed central bankers. 'We don't fully believe in the managers of the central bank', said Mr Nechayev, tut if they resign now, it won't necessarily be bet- ter than if they stay'.