Social Sciences and the Law

What happened to the Bank of England in 1997?

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In 1997 the bank was given the power to set interest rates, a function formerly performed by the cabinet; at the same time its oversight of the British banking industry was transferred to the Securities and Investments Board ...

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Similar questions: Who was the oversight of British banking industry transferred to in 1997? Who previously set interest rates before the Bank of England? When was the Bank of England given the power to set interest rates? [ Hide these questions ]

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