Monetary Policy Committee: Difference between revisions
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imported>Doug Williamson (Expand to note special meetings. Source: MPC webpage https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2020/monetary-policy-summary-for-the-special-monetary-policy-committee-meeting-on-19-march-2020) |
imported>Doug Williamson (Expand first sentence.) |
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(MPC). | (MPC). | ||
Monetary policy is central government or other policy to stimulate or otherwise | Monetary policy is central government or other policy designed to stimulate or otherwise affect 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). | Responsibility for setting UK monetary policy - to achieve monetary stability - lies with the Bank of England's Monetary Policy Committee (MPC). | ||
Revision as of 15:07, 24 March 2020
UK - Bank of England.
(MPC).
Monetary policy is central government or other policy designed to stimulate or otherwise affect 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 normally meets eight times a year to set and announce the Official Bank Rate for the UK.
Additional special meetings are held when appropriate.
