a. Define what is meant by ‘monetary policy’
b. Visit the website of the Monetary Policy Committee (MPC) of the Bank of England – https://www.bankofengland.co.uk/monetarypolicy/Pages/overview.aspx – and explain its role within the UK
c. “The MPC is likely to raise the Bank of England base rate from 0.5% at the next committee meeting” – do you agree with this statement? Discuss with reference to relevant data
d. Explain how your answer to part c represents what is known as ‘policy conflict’
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