Monetary Policy Committee

The Monetary Policy Committee (MPC) is a group within a country's central bank responsible for setting interest rates and managing monetary policy to maintain economic stability. Their main goals include controlling inflation, fostering economic growth, and ensuring a stable currency. By adjusting interest rates, the MPC influences borrowing and spending, which can help balance the economy. For instance, lowering rates encourages borrowing and investment, while raising rates can help curb inflation by slowing down spending. The MPC meets regularly to assess economic conditions and make decisions that aim to support the overall health of the economy.