Monetary Policy Committee


MPC. A committee designated by the Bank of England. The role of the Monetary Policy Committee is to regulate interest rates for the United Kingdom. The committee meets monthly, and at the meeting a variety of economics issues are discussed. The Governor of the committee puts together a proposed plan, and each members is allowed to vote on it and give his or her opinion. The MPC attempts to keep the economy stable, and maintain the inflation target set by the government.

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