Written Question·Treasury·UIN 21944
Monetary Policy
Tabled: 3 January 2025
Answered: 9 January 2025
Question
Ben Maguire
Liberal Democrat — North Cornwall
To ask the Chancellor of the Exchequer, whether she has made an assessment of the potential merits of (a) expanding the base money supply and (b) other alternative monetary policy.
Answer
Tulip SiddiqMonetary policy is the responsibility of the independent Monetary Policy Committee (MPC) of the Bank of England. This includes decisions on Bank Rate and the stock of UK government bonds held in the Asset Purchase Facility. It is for the MPC to judge how ...
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