Lord Stoddart of Swindon – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Lord Stoddart of Swindon on 2016-03-21.

To ask Her Majesty’s Government whether, in the light of rising house prices, they intend to make representations to the Bank of England discouraging it from reducing interest rates.

Lord O’Neill of Gatley

The UK’s monetary policy framework, set out in the Bank of England Act 1998, gives operational responsibility for monetary policy to the independent Monetary Policy Committee (MPC). Decisions on the use of monetary policy tools are for the judgement of the MPC.