Monetary policy and Bank Rate
Monetary policy and Bank Rate
Monetary policy means the decisions a central bank takes to influence the cost of borrowing and the amount of money in the economy. In the UK, monetary policy is conducted by the Bank of England.
Step-by-step lessons on OCR GCSE Economics 3.6.1 What is monetary policy. Each one builds up to exam-style questions. Build a solid grasp of supply and demand and cost/revenue calculations before tackling the evaluation-heavy policy topics.