BoE given green remit for monetary policy

Bank of England
Photo: Juno Snowdon Photography

The UK government has given the Bank of England an explicit green monetary policy mandate for the first time.

The new remit for the monetary policy committee clarifies that while its primary objective remains keeping inflation at the 2% target, the committee should also support the government’s “economic strategy”, which now includes sustainable growth.

“I am today updating the MPC’s remit to reflect the government’s economic strategy for achieving strong, sustainable and balanced growth that

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