No change to monetary policy, UK finance minister says
Hammond clarifies comments made by PM, emphasising the government will not be altering BoE mandate
The UK's finance minister has said the government led by new prime minister Theresa May has no plans to alter the monetary policy framework of the Bank of England, rebuffing allegations the prime minister had threatened the Bank of England's independence.
Appearing before the UK parliament's Treasury Select Committee for the first time since taking office, Philip Hammond was quizzed by members on whether May's comments made at the Conservative party conference would see a change to the current
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