Financial statements and Monetary Policy Committee: Difference between pages

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imported>Doug Williamson
(Expand to incorporate broader definition.)
 
imported>Doug Williamson
(Create the page. Sources: linked pages and Bank of England webpage http://www.bankofengland.co.uk/monetarypolicy/Pages/overview.aspx)
 
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''Accounting''.
''UK - Bank of England.''


1.
(MPC).


Commonly called 'the accounts'.  Under International Accounting Standards (IAS) a full set of 'financial statements' consists of the primary financial statements and the notes.  
Monetary policy is central government or other policy to stimulate or otherwise influence economic activity by influencing money supply or interest rates.  


Financial statements show the financial position of the reporting entity at the end of the reporting period and its performance for the period under review.
Responsibility for setting UK monetary policy - to achieve monetary stability - lies with the Bank of England's Monetary Policy Committee (MPC).




2.
With effect from September 2016, the MPC meets eight times a year to set and announce the Official Bank Rate.
 
More broadly, any statement expressed in financial terms.  




== See also ==
== See also ==
* [[Accounts]]
* [[Bank of England]]
* [[Audit]]
* [[Monetary policy]]
* [[Auditors’ report]]
* [[Official Bank Rate]]
* [[Balance of payments]]
* [[Balance sheet]]
* [[Cash flow statement]]
* [[Disclosure]]
* [[Event after the balance sheet date]]
* [[Financial analysis]]
* [[Generally accepted accounting principles]]
* [[IAS]]
* [[Income statement]]
* [[Notes]]
* [[Profit and Loss account]]
* [[Statement of cash flows]]
* [[CertICM]]
* [[Statement of changes in equity]]
* [[Statement of comprehensive income]]
* [[Statement of financial position]]
* [[Summary financial statements]]
 
[[Category:Accounting,_tax_and_regulation]]

Revision as of 13:02, 7 August 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).


With effect from September 2016, the MPC meets eight times a year to set and announce the Official Bank Rate.


See also

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