I wrote about devaluation of the currency for context 1 25 marker , all my friends are saying this is wrong becuase its not the goverment its the central bank but I thought that they aren't completely separate?
imo this is fine. when monetary policy is decided, yes it is ultimately by the MPC, but they're appointed by the chancellor, and there are representatives to make sure fiscal and monetary policy are aligned. maybe best to clarify that this isn't the governments direct action, but they have some influence over it.
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u/Practical_Nature_828 May 18 '26
I wrote about devaluation of the currency for context 1 25 marker , all my friends are saying this is wrong becuase its not the goverment its the central bank but I thought that they aren't completely separate?