When EC met the MPC

Monetary Policy

GCSE and A Level students from a wide range of subject disciplines filled the lecture theatre to learn about monetary policy from Mr Jonathan Haskel, Member of the Bank of England’s Monetary Policy Committee (MPC).  Taking time out of his whistle stop tour of north east businesses, Jonathan spoke to students about the Bank’s role in maintaining financial and monetary stability.  The subsequent Q & A was over all too quickly with questions from the floor touching upon the appropriateness of the Bank’s 2% target rate for inflation, whether failing banks should be allowed to fail, and the extent to which the MPC considers other macroeconomic indicators when determining the base rate.