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What are the current domestic conditions you think are relevant for the England central bank in...

What are the current domestic conditions you think are relevant for the England central bank in deciding what to do with a monetary policy instrument?

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Ans- The current domestic conditions for the england central bank in deciding what to do with a monetary policy instrument is that they set monetary policy to achieve the Government's target of keeping inflation at 2%.

Secondly there is low and stable inflation which is good for England's economy and also their main monetary policy aim.

England's GDP growth has been inconsistent so far this year. Abstracting from temporary factors, underlying growth has slowed.

This reflects the impact of Brexit-related uncertainties and weaker global growth. Business surveys suggest that the near-term outlook remains subdued.

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