PARLIAMENTARY WRITTEN QUESTION
Monetary Policy: Inflation (25 October 2024)
Question Asked
To ask the Chancellor of the Exchequer, whether her Department has made an assessment of the potential impact of quantitative easing on inflation.
Asked by:
Rupert Lowe (Restore Britain)
Asked by:
Rupert Lowe (Restore Britain)
Answer
The Bank of England has operational independence from the government to carry out its statutory responsibilities for monetary policy and financial stability. Monetary policy, including quantitative easing, is the responsibility of the independent Monetary Policy Committee at the Bank of England.
The government remains committed to monetary policy independence, and rightly does not comment on the conduct or effectiveness of monetary policy.
The Bank of England regularly conducts and publishes analysis on the inflationary impact of its monetary policy, including quantitative easing and quantitative tightening.
Answered by:
Tulip Siddiq (Labour)
29 October 2024
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