Bank of England: Interest Rate Policy Debate

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Baroness Meacher

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Bank of England: Interest Rate Policy

Baroness Meacher Excerpts

Built Environment Committee
Wednesday 12th July 2023

(10 months ago)

Lords Chamber
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Baroness Meacher Portrait Baroness Meacher (CB)
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My Lords, if the Government feel unable to comment on Bank of England policy, to whom is the Bank of England accountable?

Baroness Penn Portrait Baroness Penn (Con)
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The Bank of England is accountable to both the Government and Parliament. The noble Baroness referred to a report being done by the Economic Affairs Committee in this House. I am sure we will pay close attention to the outcomes of that.

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