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Bank of England: Monetary Policy Committee

Volume 715: debated on Wednesday 2 December 2009


Asked by

To ask Her Majesty's Government what level of Treasury official attends the monthly meetings of the Bank of England's Monetary Policy Committee. [HL205]

The Bank of England Act 1998 sets out the statutory framework for the Bank of England, including the role and composition of the Monetary Policy Committee (MPC), and provides that a representative of the Treasury may attend, and speak, at any meeting of the committee. Dave Ramsden, Chief Economic Advisor to the Treasury, attends as the Treasury representative. Monetary Policy Committee attendees are recorded in the minutes published by the Bank of England following each meeting.