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Bank of Ostentia Act
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Name
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Bank of Ostentia Act
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Author
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Type
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Government Bill
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Date
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11/10/07
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Passed
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5-3
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The Bank of Ostentia Act went as follows:
Bank of Ostentia Act[]
An independent committee in the Bank of Ostentia would be set up to decide interest rates. Appointments to the committee would be made separately from politics, and the committee would meet once a month to decide whether any changes would be necessary to the interest rate. Funding will be taken from whoever makes such decisions at the moment, so no extra funding will be necessary.