The Monetary Policy Committee (MPC) is made up of nine members – the Governor, the three Deputy Governors for Monetary Policy, Financial Stability and Markets and Banking, our Chief Economist and four external members appointed directly by the Chancellor.

Dates for Monetary Policy Committee (MPC) announcements on Bank Rate and publication of MPC meeting minutes and the quarterly Monetary Policy Report.

Nov 7, 2024 · Monetary policy is the action a central bank or a government can take to influence how much money is in a country’s economy and how much it costs to borrow. We set monetary policy to keep inflation in the UK low and stable.

Aug 1, 2024 · Monetary policy will need to continue to remain restrictive for sufficiently long until the risks to inflation returning sustainably to the 2% target in the medium term have dissipated further. The Committee will decide the appropriate degree of …

Jan 15, 2025 · Provisional dates for Monetary Policy Committee (MPC) announcements on Bank Rate and publication of MPC meeting minutes and the quarterly Monetary Policy Report.

The instruments of monetary policy The MPC currently uses two main monetary policy tools. First, we set the interest rate that banks and building societies earn on deposits, or ‘reserves’, placed with the Bank of England –this is Bank Rate. Second, we can buy government and corporate bonds, financed by the

The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 8 May 2024, the MPC voted by a majority of 7–2 to maintain Bank Rate at 5.25%.

Our quarterly Monetary Policy Reports set out the economic analysis and inflation projections that the Monetary Policy Committee uses to make its interest rate decisions.

Monetary Policy Summary, November 2024 The Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. The MPC adopts a medium-term and forward-looking approach to determine the monetary stance required to achieve the inflation target sustainably.

May 17, 2024 · Previously she was Chair of the Economic Advisory Committee of the American Bankers Association, a member of the Executive Board of the Committee on the Status of Women in the Economics Profession, on the Board of the National Association for Business Economics, and of the advisory committees of the Federal Reserve Banks of Chicago, Boston, and ...