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Finance And Monetry System

Finance And Monetry System

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Title: Finance And Monetry System

Essay Details:

Subject: Business

Author:

Date: September 10, 2015

Level: University

Grade: B

Length: 6 / 1772

Essay text:

The task of setting the rates is given to the MPC ( Monetary Policy Committee), over the years these rates have differed based duly on certain requirements and factors set by the government. For example, it is the governments desire to maintain a stable economic system, price stability, a low inflation rate and a stable value of its money. The current target by the UK Government for Inflation is 2%. In the following brief I will discuss and propose how I would seek to set or influence interest rates in the economy to achieve Inflation at or around our target of 2%. As mentioned above the decision taken by the Bank of England in regards to the setting of the interest rate has many factors contributing to it...

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