MPC
E96659
MPC is the commonly used abbreviation for the Monetary Policy Committee, the body responsible for setting key interest rates and guiding monetary policy in several countries, including the United Kingdom.
Statements (45)
| Predicate | Object |
|---|---|
| instanceOf | abbreviation → |
| aimsTo |
maintain price stability
→
support government’s economic policy → |
| associatedWith |
central banking
→
inflation targeting → interest rate setting → macroeconomic stabilization → monetary policy → |
| context |
central bank decision-making body
→
monetary policy framework → |
| decisionType | collective committee decision → |
| governs | short-term interest rate level → |
| influences |
borrowing costs
→
exchange rates → inflation expectations → overall monetary conditions → |
| publishes |
interest rate decisions
→
monetary policy statements → |
| refersTo | Monetary Policy Committee of the United Kingdom NERFINISHED → |
| relatedConcept |
bank rate
→
base rate → forward guidance → inflation forecast → monetary easing → monetary tightening → policy rate → quantitative easing → |
| role |
guiding monetary policy stance
→
setting key policy interest rates → supporting economic growth objectives → supporting price stability objectives → |
| standsFor | Monetary Policy Committee → |
| typicalMeetingFrequency |
monthly in the United Kingdom
→
regularly scheduled meetings → |
| usedBy |
Bank of England
NERFINISHED
→
Bank of Ghana → Central Bank of Kenya → Central Bank of Nigeria → Reserve Bank of India → |
| usedIn |
Ghana
→
India → Kenya → Nigeria → United Kingdom NERFINISHED → several countries → |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.