Monetary Policy Committee (MPC)

Monetary Policy Committee (MPC)

The Bank of England’s Monetary Policy Committee (MPC) is responsible for making interest-rate decisions. It consists of nine members: the Governor; the three Deputy Governors for Monetary Policy, Financial Stability, and Markets and Banking; the Chief Economist; and four external members appointed by the Chancellor (UK finance minister). A Treasury (government) representative also sits in on MPC meetings but has no vote.

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