Monetary Policy Committee: Difference between revisions
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imported>Doug Williamson (Expand.) |
imported>Doug Williamson (Expand.) |
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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. | A primary objective of the MPC is to meet the government's inflation target of 2%. | ||
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* [[Bank of England]] | * [[Bank of England]] | ||
* [[Financial stability]] | * [[Financial stability]] | ||
* [[Inflation]] | |||
* [[Monetary policy]] | * [[Monetary policy]] | ||
* [[Official Bank Rate]] | * [[Official Bank Rate]] | ||
Revision as of 19:28, 30 October 2016
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 government's inflation target of 2%.
With effect from September 2016, the MPC meets eight times a year to set and announce the Official Bank Rate for the UK.
