What is the greatest threat to central bank independence?
On Tuesday 27 April at 3pm, the Economic Affairs Committee holds its ninth set of evidence sessions on its Quantitative Easing inquiry.
- Has Quantitative Easing on this scale and for this length of time changed the relationship between the Treasury and the Bank of England?
- Should the Bank have a mechanism that allows policy committees to refer politically sensitive decisions to the Chancellor?
- Should the Bank of England be able to use Quantitative Easing formally as a means to be a market maker of last resort, rather than purely for the purpose of meeting its inflation target?
- Does the way in which the APF is structured remain suitable given that Quantitative Easing has become larger in size and scope than was initially envisaged?
- What do you see as the greatest threats to central bank independence?
- Has the widening of central bank remits limited their room for manoeuvre?
- Is there a risk that when central banks begin to unwind Quantitative Easing it will trigger panic in financial markets?
- When, and how, should central banks seek to exit Quantitative Easing?
- Do central banks have enough space, and tools, left to fight another recession?
- How likely is the return of sustained inflation, and how would this impact the credibility and independence of central banks?