Free Trial

City Minister-Gov't Will Not Change BoE Inflation Target

UK

Economic Secretary to the Treasury Andrew Griffith, the minister responsible for the UK's financial services sector, has stated in the House of Commons that the gov't is not going to change the Bank of England's inflation target.

  • During Treasury questions Conservative MP Louie French asks whether the gov't is studying the impact of 'a decade of abnormal monetary policy following the global financial crisis'. Griffith states: '...We'll continue to work closely with [MPC and BoE] to ensure that monetary and fiscal policy are well coordinated. The Chancellor reconfirmed the inflation target of 2% at the autumn statement and confirmed this gov't will not change the target.'

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.