§ Mr. Matthew TaylorTo ask the Chancellor of the Exchequer, pursuant to his answers of 25 July 2000,Official Report, columns 575–76W, and 17 July 2000, Official Report, column 99W, on the Monetary Policy Committee, what criteria he uses to judge whether his appointees to the Monetary Policy Committee have distinguished professional track records in fields relevant to monetary policy; and if he will make a statement. [133634]
§ Miss Melanie JohnsonI refer the hon. Gentleman to the answers given to his earlier questions on this subject on 17 July 2000,Official Report, column 99W, and 25 July 2000, Official Report, column 576W. The second of these answers stated that
The criteria for the appointment of external members of the MPC are set out in section 13(4) of the Bank of England Act 1998.The criteria set out in the Act are that appointees have
knowledge or experience which is likely to be relevant to the Committee's functions.