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HandWiki. Monetary Policy Committee. Encyclopedia. Available online: https://encyclopedia.pub/entry/30083 (accessed on 23 September 2026).
HandWiki. Monetary Policy Committee. Encyclopedia. Available at: https://encyclopedia.pub/entry/30083. Accessed September 23, 2026.
HandWiki. "Monetary Policy Committee" Encyclopedia, https://encyclopedia.pub/entry/30083 (accessed September 23, 2026).
HandWiki. (2022, October 19). Monetary Policy Committee. In Encyclopedia. https://encyclopedia.pub/entry/30083
HandWiki. "Monetary Policy Committee." Encyclopedia. Web. 19 October, 2022.
Monetary Policy Committee
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The content is sourced from: https://handwiki.org/wiki/Organization:Monetary_Policy_Committee

The Monetary Policy Committee (MPC) is a committee of the Bank of England, which meets for three and a half days, eight times a year, to decide the official interest rate in the United Kingdom (the Bank of England Base Rate). It is also responsible for directing other aspects of the government's monetary policy framework, such as quantitative easing and forward guidance. The Committee comprises nine members, including the Governor (from 2013 Mark Carney), and is responsible primarily for keeping the Consumer Price Index (CPI) measure of inflation close to a target set by the government (2% per year as of 2016). Its secondary aim – to support growth and employment – was reinforced in March 2013. Announced on 6 May 1997, only five days after that year's General Election, and officially given operational responsibility for setting interest rates in the Bank of England Act 1998, the Committee was designed to be independent of political interference and thus to add credibility to interest rate decisions. Each member has one vote, for which they are held to account: full minutes of each meeting are published alongside the Committee's monetary policy decisions, and members are regularly called before the Treasury Select Committee, as well as speaking to wider audiences at events during the year.

monetary policy quantitative easing political interference

References

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