UK Treasury rejects MPC transparency call

The UK Treasury has rejected calls for its selection procedure to the Bank of England's interest rate setting MPC to be more open saying that the appointment process should remain confidential for reasons of market sensitivity.

Source: Financial Times

The Treasury has rebuffed calls for greater transparency in selecting members of the Bank of England's monetary policy committee. Ruth Kelly, financial secretary to the Treasury, said that the appointment process should remain confidential for rea

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