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Any examples of monetary policies imposed by the ECB on the BoE? Given the different currency, I'm curious about it.
by iaskwhy 10y ago
Any examples of monetary policies imposed by the ECB on the BoE? Given the different currency, I'm curious about it.
- notahacker 10y agoI understand there are a few arcane rules concerning the BoE not being allowed to purchase govt bonds directly from the govt. But that's not what most people would understand by control of monetary policy. Similarly with fiscal policy, whilst the UK is supposed to "endeavour" to follow the Stability and Growth Pact rules on keeping deficits down, it can and does cheerfully ignore those rules without risk of penalty.