In the United Kingdom accountability and transparency for its central bank is achieved by setting:

Question

Quizplus · Accepted Answer

The best choice is D, as in the United Kingdom, accountability and transparency for its central bank is achieved by setting an explicit numerical target for inflation. This target is set by the government and reviewed regularly to ensure that the central bank is achieving its goal of maintaining price stability. The inflation target is currently set at 2%, with a range of +/- 1% allowed. Setting a specific inflation target helps to anchor expectations and guide monetary policy decisions.

In the United Kingdom Accountability and Transparency for Its Central