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What monetary policy is

What monetary policy is

Monetary policy is the use of interest rates and money supply to influence spending, borrowing, saving, investment, inflation, growth and employment. In the UK, the Bank of England is the central bank, and it uses Bank Rate to help meet the government's CPI inflation target of 2%.

Monetary policy Lesson

  1. GCSE
  2. /Economics
  3. /Monetary policy

Step-by-step lessons covering OCR GCSE Economics Monetary policy for GCSE Economics. Each lesson works through exam-style questions in Component 01 and Component 02 format. Build a solid grasp of supply and demand and cost/revenue calculations before tackling the evaluation-heavy policy topics.

Lessons