1. Home
  2. / Bank of England
  3. / Who can give orders to the Monetary Policy Committee in extreme economic circumstances?

Who can give orders to the Monetary Policy Committee in extreme economic circumstances?

  • The Prime Minister

  • The Queen

  • The Treasury

  • The Chancellor of the Exchequer

Answer

The Treasury has reserve powers to give orders to the Monetary Policy Committee "if they are required in the public interest and by extreme economic circumstances", but Parliament must endorse such orders within 28 days.
The Bank of England Quiz: Unleash Your Financial Knowledge!

The Bank of England Quiz: Unleash Your Financial Knowledge!

Take the Bank of England Quiz
Subscribe newsletter

Subscribe Now!

Learn something
new everyday

Playing quizzes is free! We send 1 quiz every week to your inbox