Bank of England Governor to be questioned on threat to financial stability posed by interest rate rises
Members of the Financial Policy Committee (FPC), including the Governor of the Bank of England, will respond to questions from the Treasury Committee at 14.15pm on Wednesday 10 January.
Questions will relate to the most recent Financial Stability Report, published by the FPC on 6 December 2023.
Meeting details
The decision to increase and then hold the Bank Rate has seen UK households and businesses face rapidly increasing running costs while borrowing also becomes a more costly option. Members of the Committee are likely to probe whether these pressures could have implications for the UK’s economic resilience.
MPs on the Treasury Committee may choose to question witnesses on the impact increasing levels of debt may have on the UK’s financial stability, as well as asking for views on the extent to which Artificial intelligence is considered a risk by the FPC.