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

Question

Quizplus · Accepted Answer

The best choice to achieve accountability and transparency for the central bank in the UK is to set an explicit numerical target for inflation. This is done through the use of an inflation target, which is currently set at 2% by the Bank of England. This target is publicly communicated and the Bank must report regularly on how it plans to achieve and maintain it. This helps to ensure that the Bank is held accountable for its actions and decisions, and provides transparency to the public regarding its objectives and outcomes.

In the United Kingdom Accountability and Transparency for Its Central