Corpus ID: 150574864

The Monetary Policy Committee: Five Years On

@inproceedings{King2005TheMP,
  title={The Monetary Policy Committee: Five Years On},
  author={Mervyn A. King},
  year={2005}
}
  • Mervyn A. King
  • Published 2005
  • Political Science
  • In this speech, Mervyn King, Deputy Governor, reflects on the first five years of the Monetary Policy Committee. He poses four questions about the role and record of the MPC. First, why give the power to decide interest rates to a committee rather than an individual? Second, does it matter that the MPC frequently disagrees about its decision? Third, has the Committee communicated clearly the reasons for its decisions? Fourth, does the MPC require reform? 

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