Definitions for "Monetary policy committee"
The division of the Bank of England that meets at the start of each month to decide what to do with interest rates.
The Monetary Policy Committee - set up by the UK's Chancellor of the Exchequer in 1997 - is a group of seven 'wise men and women' who, under the chairmanship of the Governor of the Bank of England, decide on the UK's interest rate policy.
A committee of the Bank of England that meets on a monthly basis to decide whether to increase, decrease or maintain UK interest rates.