Written Question·Treasury·UIN 46674
Bank of England
Tabled: 17 April 2025
Answered: 25 April 2025
Question
Neil Duncan-Jordan
Labour — Poole
To ask the Chancellor of the Exchequer, whether she has made an assessment of the merits of the Bank of England paying interest on reserve accounts maintained by commercial banks.
Answer
Emma ReynoldsThe Bank of England has operational independence from the government to carry out its statutory responsibilities for monetary policy and financial stability. Monetary policy, including quantitative easing, is the responsibility of the independent Monetary...
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