Monetary Policy Comittee (MPC) Flashcards
1
Q
How many members make up the MPC?
A
9
2
Q
What are the titles of these members?
A
The governor, 3 deputy governors for (monetary policy, financial stability and markets and banking), chief economist, four external members
3
Q
Who are the four external members appointed by?
A
The chancellor
4
Q
Why are externals used
A
To ensure the MPC benefits from expertise outside the Bank of England
5
Q
Why is the HM treasury there?
A
To ensure the MPC has been briefed on fiscal policy developments
