How patient can the Bank of England be?

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NEWSDECK ANALYSIS

The Bank of England's mandate is currently set by the Chancellor, with a primary focus on maintaining stable prices, which has been its core objective for many years. Any potential rethink of this mandate by a new government could have significant implications for the UK's economic policy and the Bank's role in shaping it. The possibility of a revised mandate has sparked interest among economists, who are now considering what changes a new administration might bring to the Bank's operations.

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How Burnham’s team could reshape the Bank of England

Taking a fresh look at the Bank’s role would send a strong signal that a Burnham government is prepared to do things differently UK politics live – latest updates Business live – latest updates When Louise Haigh – then a lowly backbencher – wrote a policy prospectus for the leftwing Renewal journal back in May, it contained a little-noticed nugget: a rethink of the Bank of England’s mandate. Haigh, who quit as tra…

17 Jul, 14:31

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How patient can the Bank of England be?

Will policymakers be forced into an unexpected rate hike? Investec Chief Economist Philip Shaw explains how energy prices, wages and inflation expectations will shape the Bank of England’s next move – and reveals what he expects to happen. The Monetary Policy Committee (MPC) kept the Bank rate at 3.75 per cent this month, in line [...]