UK’s Treasury Committee raises concerns over FPC accountability

bank-of-england-web
The Bank of England

The current consensus-based model may mean the Bank of England's (BoE) Financial Policy Committee (FPC) is not being adequately held to account, members of the UK's Treasury Committee warned today (July 14).

In the three years of its existence the FPC has so far never failed to reach consensus. While the committee publishes a "record" of each meeting, MPs were concerned that any differences of opinion could be hidden from public view.

Every year the UK chancellor of the exchequer sets out the FP

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 indvidual account here: