Monetary Policy Committee

E17855
committee of the Bank of England decision-making body monetary policy committee

The Monetary Policy Committee is the Bank of England’s rate‑setting body responsible for formulating the UK’s monetary policy to achieve price stability and support economic growth.

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Observed surface forms (3)

Surface form Occurrences
Bank of England Monetary Policy Committee 4
Monetary Policy Committee of the Bank of England 3
Monetary Policy Committee of the Bank of Thailand 1

Statements (49)

Predicate Object
instanceOf committee of the Bank of England ⓘ
decision-making body ⓘ
monetary policy committee ⓘ
accountableTo British Parliament ⓘ
surface form: Parliament of the United Kingdom
alsoKnownAs Monetary Policy Committee ⓘ
surface form: Bank of England Monetary Policy Committee
appliesToJurisdiction United Kingdom ⓘ
appointingAuthority Chancellor of the Exchequer ⓘ
areaServed United Kingdom ⓘ
composition Bank of England’s Chief Economist ⓘ
Governor of the Bank of England ⓘ
four external members appointed by the Chancellor of the Exchequer ⓘ
three Deputy Governors of the Bank of England ⓘ
country United Kingdom ⓘ
formedBy Bank of England Act 1998 ⓘ
goal maintain price stability ⓘ
meet the UK government’s inflation target ⓘ
support sustainable economic growth ⓘ
hasNumberOfMembers 9 ⓘ
headquartersLocation Bank of England ⓘ
surface form: Bank of England, Threadneedle Street, London

London, England ⓘ
surface form: London
inception 1997 ⓘ
June 1997 ⓘ
industry monetary policy ⓘ
jurisdiction United Kingdom ⓘ
language English ⓘ
legalBasis Bank of England Act 1998 ⓘ
location London, England ⓘ
surface form: London
mainFunction achieve price stability ⓘ
formulate monetary policy for the United Kingdom ⓘ
set the official Bank Rate in the United Kingdom ⓘ
support economic growth subject to price stability ⓘ
support the economic policy of the UK government ⓘ
meetingFrequency about every six weeks ⓘ
meets approximately eight times a year ⓘ
parentOrganization Bank of England ⓘ
partOf Bank of England ⓘ
publishes Monetary Policy Report ⓘ
Monetary Policy Summary ⓘ
minutes of its meetings ⓘ
reportsTo Chancellor of the Exchequer ⓘ
British Parliament ⓘ
surface form: Parliament of the United Kingdom
sector central banking ⓘ
shortName MPC ⓘ
supervises official interest rate decisions in the United Kingdom ⓘ
usesInstrument Bank Rate ⓘ
asset purchases ⓘ
forward guidance ⓘ
quantitative easing ⓘ
website https://www.bankofengland.co.uk/monetary-policy/the-mpc ⓘ

Referenced by (15)

Full triples — surface form annotated when it differs from this entity's canonical label.

Monetary Policy Committee → alsoKnownAs → Monetary Policy Committee ⓘ
this entity surface form: Bank of England Monetary Policy Committee
Bank Rate → announcedBy → Monetary Policy Committee ⓘ
this entity surface form: Bank of England Monetary Policy Committee
Financial Policy Committee → cooperatesWith → Monetary Policy Committee ⓘ
Bank Rate → determinedBy → Monetary Policy Committee ⓘ
this entity surface form: Monetary Policy Committee of the Bank of England
Bank of England Act 1998 → establishes → Monetary Policy Committee ⓘ
this entity surface form: Monetary Policy Committee of the Bank of England
Bank of England → hasDivision → Monetary Policy Committee ⓘ
Andrew Bailey → memberOf → Monetary Policy Committee ⓘ
Governor of the Bank of England → memberOf → Monetary Policy Committee ⓘ
Thai baht → monetaryAuthority → Monetary Policy Committee ⓘ
this entity surface form: Monetary Policy Committee of the Bank of Thailand
Governor of the Bank of England → oversees → Monetary Policy Committee ⓘ
Bank of England’s Chief Economist → partOf → Monetary Policy Committee ⓘ
this entity surface form: Monetary Policy Committee of the Bank of England
Monetary Policy Summary → producedBy → Monetary Policy Committee ⓘ
Inflation Report (now Monetary Policy Report) → relatedTo → Monetary Policy Committee ⓘ
subject surface form: Inflation Report
this entity surface form: Bank of England Monetary Policy Committee
Inflation Report (now Monetary Policy Report) → relatedTo → Monetary Policy Committee ⓘ
subject surface form: Monetary Policy Report
this entity surface form: Bank of England Monetary Policy Committee
MPC → standsFor → Monetary Policy Committee ⓘ