Independence Of The Bank Of England

EDM number 151 in 1989-90, proposed by Teresa Gorman on 05/12/1989.

That this House notes the article in The Economist of 28th October which demonstrates that low interest rates and low levels of inflation are directly related to the degree of independence of the central bank; and urges Her Majesty's Government to follow the example of the United States, Switzerland, Germany and Japan in giving a greater degree of autonomy to the Bank of England so as to take financial decisions on money supply and interest rates out of the political arena.

This motion has been signed by a total of 2 MPs.