Monetary Policy Committee (Hansard, 4 June 1998)

HC Deb 04 June 1998 vol 313 c329W 329W

§ Mr. Timms
To ask the Chancellor of the Exchequer what is the remit of the Bank of England's Monetary Policy Committee. [44793]

§ Mr. Gordon Brown
In accordance with Section 12 of the Bank of England Act 1998, I have written to the Governor re-stating the Monetary Policy Committee's remit and how it will be held accountable for meeting the remit.
My letter has been laid before Parliament today and a copy has been sent to the Chairman of the Treasury Committee. Copies are also being deposited in the Libraries of both Houses.