Monetary Policy Committee

HC Deb 30 April 1998 vol 311 c221W

Mr. Mitchell

To ask the Chancellor of the Exchequer, pursuant to his answer of 1 April 1998,Official Report, column 555, if the Monetary Policy Committee has responsibility to assess the use of alternative monetary instruments. [39745]

Mrs. Liddell

The Bank of England Bill gives the Monetary Policy Committee the responsibility for formulating monetary policy. This includes assessing the use of alternative monetary instruments which were reviewed at the meeting in August 1997.