MPC

abbreviation

1. Medical Practices Committee

2. Monetary Policy Committee (of the Bank of England)

Example Sentences

“The MPC should adopt, from this point forward, a more cautious pace in withdrawing monetary policy restriction so as to ensure continuation in disinflation towards the 2% target,” he said.

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Were the MPC to stick to the pace established since it began to lower borrowing costs, it would cut the key rate by a quarter of a percentage point when it meets early next month.

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The MPC expects inflation to peak at 4%, before easing back toward the 2% target over coming years.

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There is an unusually wide spread of views on the MPC about the likely path of the U.K. economy over the coming years, and what the right policy response should be.

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In his view, inflation could fall well below the 2% target if the MPC doesn’t cut its key rate at a faster pace.

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