Bank of England decisions affecting inflation rates in Jersey (FOI)

​​​Request

As the Bank of England sets interest rates solely on United Kingdom inflation which from recent data, is currently lower than Jersey Inflation, please advise what safeguards are in place to ensure that any decisions made by the Bank of England on interest rates does not inadvertently affect the Jersey economy due to the differences in inflation? 

Response

The information requested is not held by the Government of Jersey, therefore Article 3 of the Freedom of Information (Jersey) Law 2011 applies.

Article applied

Article 3 - Meaning of “information held by a public authority”

For the purposes of this Law, information is held by a public authority if –

(a)     it is held by the authority, otherwise than on behalf of another person; or

(b)     it is held by another person on behalf of the authority.​