Monetary Policy Committee: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Remove start date of meeting schedule.) |
imported>Doug Williamson (Reference UK government expressly.) |
||
| Line 1: | Line 1: | ||
''UK - Bank of England'' | ''UK - Bank of England''. | ||
(MPC). | (MPC). | ||
| Line 7: | Line 7: | ||
Responsibility for setting UK monetary policy - to achieve monetary stability - lies with the Bank of England's Monetary Policy Committee (MPC). | Responsibility for setting UK monetary policy - to achieve monetary stability - lies with the Bank of England's Monetary Policy Committee (MPC). | ||
A primary objective of the MPC is to meet the government's inflation target of 2%. | A primary objective of the MPC is to meet the UK government's inflation target of 2%. | ||
Revision as of 17:21, 12 January 2018
UK - Bank of England.
(MPC).
Monetary policy is central government or other policy to stimulate or otherwise influence economic activity by influencing money supply or interest rates.
Responsibility for setting UK monetary policy - to achieve monetary stability - lies with the Bank of England's Monetary Policy Committee (MPC).
A primary objective of the MPC is to meet the UK government's inflation target of 2%.
The MPC meets eight times a year to set and announce the Official Bank Rate for the UK.
