BoE senior official advises against combining rates and bank oversight committee

A senior Bank of England (BoE) official yesterday said it should resist pressure to combine its financial and monetary policy committees due to fears of it diminishing the importance of difficult-to-measure stability concerns.

Banking Supervision deputy governor Ben Broadbent argued in a speech delivered to a conference in Australia that combining the two committees would apply too much emphasis on monetary policy targets on inflation and growth.

Since the financial policy committee was established in 2010, the possibility of joining the two committees has been posed on more than one occasion, as the actions of the monetary policy committee have significant effects on financial stability, and vice versa.

    Share Story:

Recent Stories


Mortgage Insider Series 2 Episode 4: Understanding the first-time buyer
Listen to our latest episode where we discuss first time buyer experiences and changing mind-sets. We hear from recent first time buyers about the struggles they’ve experienced, and chat to Habito founder Daniel Hegarty and That Property Guy Kyle Mattison about how they bridge the communication gap. Make money work for you.

FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Please tick here to confirm you are happy to receive third party promotions from carefully selected partners.