Q&A · 4:46:51-4:47:20

The Bank of England's qualified independence

The nuclear-power counterfactual prompts a brief question about the Bank of England's relationship with government.

Bank Of England Banking

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Question

Was the Bank of England independent during the period being discussed?

Short answer

Its independence is qualified as being only to an extent.

Notes

The Bank of England had a qualified degree of independence in the interwar period under discussion. Its institutional relationship with government is not explained further.