Monetary Policy
(asked on 13th July 2015) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what assessment he has made of the effect of the quantitative easing programme put in place by the Bank of England.
This question was answered on 21st July 2015
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).
The MPC’s macroeconomic policy tools, including quantitative easing, are designed to affect the economy as a whole, in order to meet the 2 per cent inflation target over the medium term.