Monetary Policy Committee

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UK - Bank of England.


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 UK government's inflation target of 2%.

The MPC meets eight times a year to set and announce the Official Bank Rate for the UK.

See also