term1 Definition1term2 Definition2term3 Definition3
Please sign in to your Google account to access your documents:
What is the role of the Monetary Policy Committee(MPC)
The primary focus is to ensure inflation is kept within the government set range. They do this by setting the base rate.
What factors do the MPC gauge that can influence inflation?
Exchange rates
Economic growth
Consumer borrowing
Wage inflation
Changes to government spending & Tax
When changing the base rate what impact can this have on the sustainability of growth?
1) short term - eg credit card spending when consumers are already stretched
2) long term - eg businesses altering there investment and expansion plans
Need help typing ? See our FAQ (opens in new window)
Please sign in to create this set. We'll bring you back here when you are done.
Discard Changes Sign in
Please sign in to add to folders.
Sign in
Don't have an account? Sign Up »
You have created 2 folders. Please upgrade to Cram Premium to create hundreds of folders!