Hammond: Bank to retain control of monetary policy

Hammond: Bank to retain control of monetary policy
 

Chancellor Philip Hammond has insisted that the Bank of England's Monetary Policy Committee will remain responsible for monetary policy.
He told the Treasury select committee that the MPC, which sets interest rates, would retain its independence.
That stance was called into question after Theresa May made a surprise attack on the Bank in her speech to the Tory Party conference this month.
The prime minister said "a change has got to come".
The Bank's actions - such as maintaining low interest rates since the financial crash - had meant those with assets such as property had got... read more

 
19 October 2016 in Business, Views: 52
Source: BBC
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