MPC

( Market Performance Committee)

A group of NYSE market oversight specialists who monitor specialists' efficiency in maintaining fair prices and orderly markets. Bloomberg Financial Dictionary

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Monetary Policy Committee (MPC)

The Monetary Policy Committee was set up in May 1997 by Gordon Brown the Chancellor of the Exchequer to decide the level of interest rates. The MPC is made up of nine members, the Governor of the Bank of England, the Deputy Governor and second Deputy Governor and six other members; two are from the Bank with responsibility for monetary policy and market operations. The remaining four members are "recognized experts" from outside the bank. The MPC meets every month to discuss and vote on whether to increase interest rates or not. The committee replaces the monthly meetings between the Chancellor and the Bank Governor that previously took place to decide the level of interest rates. Financial Services Glossary

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   Central banks, such as the Bank of England, often have a Monetary Policy Committee, which sets interest rates.

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MPC UK US noun [S] ECONOMICS

► ABBREVIATION for MARGINAL PROPENSITY TO CONSUME(Cf. ↑marginal propensity to consume)