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Bank of England: Public Appointments

Volume 460: debated on Thursday 24 May 2007

To ask the Chancellor of the Exchequer what consideration he has given to enhancing the role of Parliament in appointing members of the Monetary Policy Committee of the Bank of England. (139046)

Since the introduction of the Government's monetary policy framework 10 years ago UK inflation has averaged 1.5 per cent. compared with 4.2 per cent. in the preceding decade. The Government continue to monitor all aspects of the framework to ensure it remains at the forefront of international best practice.