Monetary Policy Committee

From The Free Forex Encyclopedia

Jump to: navigation, search

The Monetary Policy Committee (MPC) is the voting committee of the Bank of England that decides the official benchmark interest rate of the U.K. They convene for two and a half days every month.

The committee has 9 voting members, including the Bank of England Governor Mervyn King (as of 2011). The main responsibility of the MPC is to keep inflation as close as possible to their target (2% as of 2011).

Related Articles:

Debt, Politics, and More Rocks the Pound in 2010

Adam Posen a Lone Wolf... For Now

4 Reasons Why the BOE Could Implement More QE

Swing Short to Jump in the GBP/USD Downtrend

"When the student is ready, the teacher will appear."
Buddhist Proverb
Clicky Web Analytics