New UK law confirms Bank of England governance reforms
Bank of England and Financial Services Bill receives royal assent
A host of governance changes at the Bank of England have been enshrined in law – with one key implication that its monetary policy committee (MPC) will hold eight meetings annually instead of 12. This puts it on a par with the Federal Reserve, European Central Bank and Bank of Japan.
The Bank of England and Financial Services Bill received royal assent on May 4, after being passed by the House of Lords following almost a year-long process. The reduction in the number of monetary policy meetings
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