He reviews how the political economy context affects the way independent central banks are constituted and operate in different countries. In the United Kingdom, key measures include democratically elected politicians setting the Bank of England's objective; mechanisms for the Bank to account to Parliament and the public; external members of the MPC; and, importantly, decision taking by majority voting.
Published on 15 June 2007
// News // Minutes
Minutes of the Wholesale Distribution Steering...
Minutes of the Wholesale Distribution Steering Group - October 2019
// News // News release