Banking Essay

1219 Words Apr 5th, 2013 5 Pages
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|FINANCIAL MARKETS AND RISK |
|17th October 2012 |
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|The Bank of England has two main functions and these are Monetary Stability and Financial |
|Stability. The Bank of England’s Monetary Policy Committee (MPC) meet on a regular basis to|
|discuss Monetary Stability each month. This entails setting the bank rate, this rate has |
|been 0.5% for the longest period in the Banks history and the reason for doing so is to |
|keep inflation low and to achieve the 2% target set by the Government. A stable economy is |
|intended to encourage growth in the economy. |
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|Financial stability on the other hand was overseen by the tripartite

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