Economics A Level (DONEEEEEEE): The Bank of England is Independent and Accountable. Why does this help keep Inflation Stable and Trustworthy

Question

The Bank of England is Independent and Accountable. Why does this help keep Inflation Stable and Trustworthy

go kys · Accepted Answer

-Indepdence makes sure the Government can’t use the % Rate for Political Reasons, like Win Votes 
-Accountable ensures the Bank has to write a Letter to the Chancellor why and how the MPC will deal with Inflation if theres 1% Difference to their Target

Economics A Level (DONEEEEEEE)

The Bank of England is Independent and Accountable. Why does this help keep Inflation Stable and Trustworthy

-Indepdence makes sure the Government can’t use the % Rate for Political Reasons, like Win Votes -Accountable ensures the Bank has to write a Letter to the Chancellor why and how the MPC will deal with Inflation if theres 1% Difference to their Target

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