Monetary Policy

(asked on 18th October 2017) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, if he will make an assessment of the effects of the Bank of England's Quantitive easing programme.


Answered by
Steve Barclay Portrait
Steve Barclay
Secretary of State for Environment, Food and Rural Affairs
This question was answered on 26th October 2017

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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