Bank of England (Amendment) Bill [HL]

To amend the objectives of the Bank of England in relation to monetary policy.

Originating House

House of Lords

Last Updated

6 November 2009

In Plain English

AI-generated

The Bill would amend the Bank of England's monetary policy objectives. It aims to adjust the framework the Bank uses to set policy, including how it targets inflation and supports economic stability. The exact changes are set out in the text of the Bill.

Key Points

Amends the Bank of England's monetary policy objectives.
Originated in the Lords and is currently at Third Reading in the Lords.
Modifies the policy framework the Bank uses to guide monetary policy.
Could affect banks, borrowers, savers and overall economic stability.

Progress

The Bill is at the Third Reading stage in the House of Lords. If approved, it would move on to the House of Commons for consideration.

Who is affected?

Bank of England (its staff and governance)Financial institutions and marketsBorrowers and saversHouseholds and businesses relying on monetary policyTaxpayers and the general publicRegulators and government departments involved in monetary policy

Generated 21 February 2026

Updates & Documents

News (1)

News - Bank of England (Amendment)

1 Jan 1970

Third reading of the Bill took place on 17 June and no amendments (proposals for change) were made.

Lords Hansard: Bank of England (Amendment) Bill

The Bill will now go to the Commons.

Documents (1)

Bill as introduced

BillLords

17 Dec 2008

Parliamentary Votes (0)

No recorded votes for this bill yet.