Bank of England’s Mandate Under Fire | London News

The Bank of England’s rigid inflation-only mandate is under fire as economists and policymakers push for a major overhaul—possibly adopting a dual mandate that balances growth with price stability, inspired by the U.S. Federal Reserve. Recent shocks like the pandemic and global conflicts have exposed flaws in the current system, where fighting supply-driven inflation can cripple economic recovery and green investments. Proposals include adaptive inflation targeting during climate emergencies and rethinking the sale of crisis-era bonds, which critics say unfairly burden taxpayers. Any shift would signal a bold new era in UK economic policy—one that prioritizes resilience and growth alongside stability in an unpredictable world. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/d18f2dcd44204c39