# Bank of England Act 1998, Section 10: Operational responsibility.


In section 4(1) of the Bank of England Act 1946 (power of the Treasury to give directions to the Bank), at the end there is inserted “ , except in relation to monetary policy ”.

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Source: https://www.legislation.gov.uk/ukpga/1998/11/section/10 (the official version)
Page: https://openlegislation.uk/bank-of-england-act-1998/section-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.