Bank of England handed new remit

bank-of-england-head-on

The Bank of England's (BoE) Monetary Policy Committee (MPC) may deploy "explicit forward guidance" as part of a new remit unveiled by the UK chancellor today.

Delivering his budget for the next fiscal year, George Osborne asked the MPC to consider deploying explicit forward guidance - including the use of intermediate thresholds - to influence expectations on the future path of interest rates. The MPC has been asked to provide an assessment of the suitability of the policy alongside its

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 [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: