Economics B A-Level
Monetary Policy Committee
What Monetary Policy Committee means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Monetary Policy Committee
Check what you remember
Read the wording for your board, then hide it and explain Monetary Policy Committee in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
The body within the Bank of England that is responsible for setting the official interest rate, also known as the base rate.
Topics that use Monetary Policy Committee
- The role of the central bank (Pearson Edexcel A-Level)
Related terms
- Base rate
- Central bank
- Central banking
- Financial stability
- Inflation targeting
- Inflationary pressures
- Liquidity and solvency
- Macroprudential regulation
Using Monetary Policy Committee in the exam
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