The Monetary Policy Committee reviews the following figures before its next decision.
| Measure | Annual rate |
|---|---|
| UK CPI inflation | 4.1% |
| Government inflation target | 2.0% |
Explain what decision the MPC may make about Bank Rate, using the figures.
60 exam-style questions on AQA GCSE Economics 2.5 The role of money and financial markets, covering 2.5.1a Functions of money, 2.5.1b Definition of money, 2.5.2a Agents in the financial sector, 2.5.2b The role of the Bank of England, and 2.5.2c The role of high street banks. Each one has a worked solution and a mark scheme showing where the marks go.