Article 266JH MPs to review Bank of England's low interest rates since crash

MPs to review Bank of England's low interest rates since crash

by
Phillip Inman Economics correspondent
from on (#266JH)

Treasury select committee to examine impact on economy, which could lead to calls for changes to Bank's remit

The Bank of England's policy of near zero interest rates since the 2008 financial crash is to come under scrutiny by MPs in a far-reaching probe that could lead to calls for changes to the central bank's remit, it was announced on Thursday.

The influential Treasury select committee said it would also examine the damage to the Bank's reputation from attacks on governor Mark Carney by senior politicians.

Related: Bank of England leaves UK interest rates on hold at 0.25%

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