No change to monetary policy, UK finance minister says
Hammond clarifies comments made by PM, emphasising the government will not be altering BoE mandate
The UK's finance minister has said the government led by new prime minister Theresa May has no plans to alter the monetary policy framework of the Bank of England, rebuffing allegations the prime minister had threatened the Bank of England's independence.
Appearing before the UK parliament's Treasury Select Committee for the first time since taking office, Philip Hammond was quizzed by members on whether May's comments made at the Conservative party conference would see a change to the current
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Most read
- Taking stock of Bernanke: the original sin of forecasting
- Fed policy-makers disagree over risks
- Schnabel: ECB could replace central forecast scenario