Coronavirus recession could see government change Bank of England's inflation mandate

Lord Jim O’Neill, who was commercial secretary to the Treasury in 2015, wants the central bank to shift from its current target of keeping inflation at 2 per cent to targeting a steadily rising trend of nominal UK GDP growth instead

“It wouldn’t guarantee a V-shaped recovery but it would certainly increase the probability of one”

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The Independent /  🏆 80. in UK

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