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Definition of

Monetary Policy Committee


Bank of England committee that sets interest rates a committee of the Bank of England, chaired by the Governor of the Bank, that has responsibility for setting UK interest rates independently of the British government. Its goal is to set rates with a view to keeping inflation at a defined level and avoiding deflation.

Related definitions of "Monetary Policy Committee"

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Definitions of ’Monetary Policy Committee’ and meaning of ’Monetary Policy Committee’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’Monetary Policy Committee’ and other financial terms with our online QFINANCE Financial Dictionary.

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