Monetary Policy

(asked on 13th June 2018) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, whether his Department has had discussions with the Bank of England on that institution’s assessment of the level of UK corporate activity undertaken by firms before a company's bonds are purchased through quantitative easing.


Answered by
John Glen Portrait
John Glen
Paymaster General and Minister for the Cabinet Office
This question was answered on 18th June 2018

The UK’s monetary policy framework, set out in the Bank of England Act 1998, gives operational responsibility for monetary policy to the independent Monetary Policy Committee (MPC). Decisions on the use of monetary policy tools, including quantitative easing, are for the judgement of the MPC.

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