[Get Solution] Monetary Policy
Discuss the extent to which the Bank of England has achieved its target(s) since becoming an independent institution in 1997 and provide an evaluation of its policies during this time period.Further consider the Bank of Englands response to the pandemic which saw the bank interest rate reduced from 0.75% to 0.1%. Discuss the reasoning behind this policy change and its intended effects. How does this policy stance align with the main goals/objectives of the UK Central Bank? And how is the Bank of England likely to adjust its policy over the longer term?
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