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Monetary Policy - Monetary Policy Committee
Introduction
The MPC is the Monetary Policy Committee. This committee of the Bank was formed in 1997 and is the committee responsible for setting interest rates in the UK. In this section we look more closely at the work of the MPC. We examine the sort of things they have to consider when setting the level of interest rates.
- Explanation - a good starting point for finding out about the work that the committee does. A simple overall guide.
- Theories - more detail on some of the theories about inflation that are of particular importance when targeting inflation; monetary transmission mechanism, inflation forecasting, inflation targeting and so on.
- Worksheets - some worksheets to help you test your understanding of the work of the MPC.
- Further work - other areas of economic theory that you may want to consider when looking at the control of inflation using monetary policy.
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