In 1997, the UK government granted the Bank of England independence in the setting of

Name: In 1997, the UK government granted the Bank of England independence in the setting of
Brand: Quizplus
Rating: 4.8 (52 reviews)

Question

Quizplus · Accepted Answer

The Bank of England was granted independence in setting interest rates. This means that the government no longer has direct control over interest rates and the Bank of England can adjust interest rates to manage inflation and economic growth.

In 1997, the UK Government Granted the Bank of England