Monetary Policy Committee: Difference between revisions
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The MPC meets eight times a year to set and announce the Official Bank Rate for the UK. | |||
Revision as of 11:41, 10 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 government's inflation target of 2%.
The MPC meets eight times a year to set and announce the Official Bank Rate for the UK.
