Examples of Bank of England Act in a sentence
The relevant rate must not exceed by more than 5 percentage points the base lending rate most recently set by the Monetary Policy Committee of the Bank of England in connection with its responsibilities under Part 2 of the Bank of England Act 1998.
The relevant rate must not exceed by more than five percentage points the base lending rate most recently set by the Monetary Policy Committee of the Bank of England in connection with its responsibilities under Part 2 of the Bank of England Act 1998.
The relevant rate must not exceed by more than 10 percentage points the base lending rate most recently set by the Monetary Policy Committee of the Bank of England in connection with its responsibilities under Part 2 of the Bank of England Act 1998(a).
The Relevant Rate must not exceed by more than five (5) percentage points the base lending rate most recently set by the Monetary Policy Committee of the Bank of England in connection with its responsibilities under Part 2 of the Bank of England Act 1998.
This version of this Act contains provisions that are not valid for this point in time.Changes to legislation: Bank of England Act 1998 is up to date with all changes known to be in force on or before 25 September 2021.
Regulatory and supervisory responsibilities had been formally passed to the Financial Services Authority (FSA) under the Bank of England Act 1998.
In addition, the FPC is empowered (by section 9P(2)(a) of the Bank of England Act 1998) to make recommendations to the Treasury as to the exercise of the Treasury’s power to specify macro-prudential measures.
Instead we support Scottish Environment LINK‟s suggestion for alternative wording to „act in accordance with‟ the principles.
According to the 1998 Bank of England Act, the bank’s current objectives are to support the government’s eco- nomic policy with respect to economic growth and unemployment, subject to a price stability commitment (Davradakis and Taylor (2006)).
The Bank of England Act 1998, as amended by the Financial Services Act 2012, provides the FPC with two primary tools: powers of recommendation and powers of direction.