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United Kingdom · Question · Written question

UIN 86576

Banks: Finance

answeredUnited Kingdom· UK Parliament· EN

Introduced

14 November 2022

Last action

17 November 2022 · Answer

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Answered

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Source updated

17 November 2022

Summary

To ask the Chancellor of the Exchequer, what estimate he has made of the amount of public funds that commercial banks will receive as a result of expected interest rate increases in the next 12 months; and what assessment he has made of the impact of that

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Timeline

  1. 14 November 2022

    Written question

    To ask the Chancellor of the Exchequer, what estimate he has made of the amount of public funds that commercial banks will receive as a result of expected interest rate increases in the next 12 months; and what assessment he has made of the impact of that

    Source: Commons

  2. 17 November 2022

    Answer

    The Bank transmits Bank Rate to the economy in part through the remuneration and supply of central bank reserves. Much of these reserves have funded asset purchases made by the Asset Purchase Facility (APF), which is a Bank of England facility, principall...

    Source: Written answer

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