MPs Scrutinize Bank of England's Independence Ahead of 30-Year Mark

MPs have launched an inquiry into whether the Bank of England's monetary policy independence is still effective.

The inquiry aims to determine if changes are required to ensure the central bank can continue to make decisions without undue influence from politicians.

According to a report, this marks the 30th anniversary of the Bank of England's independence, which was granted in 1997 by Chancellor Gordon Brown.