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United Kingdom · Question · Written question

UIN 17941

Interest Rates

Original

answeredUnited Kingdom· UK Parliament· EN

Introduced

14 June 2022

Last action

17 June 2022 · Answer

Status

Answered

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Discovery layer

Source updated

17 June 2022

Summary

To ask the Chancellor of the Exchequer, if he will make an assessment of the potential effect on the economy of a raising of interest rates to 3 per cent.

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Timeline

  1. 14 June 2022

    Written question

    To ask the Chancellor of the Exchequer, if he will make an assessment of the potential effect on the economy of a raising of interest rates to 3 per cent.

    Source: Commons

  2. 17 June 2022

    Answer

    Monetary policy is the responsibility of the independent Monetary Policy Committee (MPC) of the Bank of England and this includes decisions on Bank Rate and the assets held in the Asset Purchase Facility (APF). The separation of fiscal and monetary policy...

    Source: Written answer

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