Ideas on revising the Bank of England’s mandate and changing the way monetary policy is pursued in the UK

Costas Milas in this blogpost on LSE business review blog –

As UK inflation, currently at 9.4% and heading for 13%, is much higher than the official inflation target of 2%, Liz Truss is accusing the BoE of having been too slow to increase interest rates. Costas Milas argues that, 25 years since the Bank of England was given operational independence, it makes sense to revisit the issue of the bank’s mandate and look at things that can get better, as long as changes do not compromise the bank’s independence.

If boe’s mandate is revised, it will be another churn in history of monetary policy frameworks

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