UK government will not change BoE inflation target, minister says

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, May 9 (Reuters) - Britain's government will not change the Bank of England's 2% inflation target and is working with the central bank to ensure fiscal and monetary policy both work to bring down inflation, financial services minister Andrew Griffith said on Tuesday. "We will continue to work closely with them (the BoE) to ensure that monetary and fiscal policy are well coordinated. And the chancellor reconfirmed the inflation target of 2% at the Autumn Statement and confirmed this government will not change the target," Griffith told parliament. (Reporting by David Milliken Editing by William Schomberg)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.