Market Performance Committee. A group of NYSE market oversight specialists who monitor specialists' efficiency in maintaining fair prices and orderly markets.
The committee within the Bank of England (UK Central Bank) which is responsible for setting interest rates in the UK.
Monetary policy committee. The Monetary Policy Committee was set up in May 1997 by Gordon Brown the Chancellor of the Exchequer to decide the level of interest rates. The MPC is made up of nine members, the Governor of the Bank of England, the Deputy Governor and second Deputy Governor and six other members; two are from the Bank with responsibility for monetary policy and market operations. The remaining four members are "recognized experts" from outside the bank. The MPC meets every month to discuss and vote on whether to increase interest rates or not. The committee replaces the monthly meetings between the Chancellor and the Bank Governor that previously took place to decide the level of interest rates.
Monetary policy committee. The suits at the Bank of England who gather each month to decide whether or not to raise interest rates. The Labour Chancellor, Gordon Brown, gave the Bank of England independence in 1997 to remove interest rate decisions from the political process. The MPC, a committee of economic experts, examines all the available data to see whether inflation is likely to rise above the target rate. If it is, it generally increases rates slightly to try to cool the economy down again by increasing the cost of borrowing. Exporters complain that this increases the value of the pound and so makes their exports more expensive for foreign buyers. In economics, someone is always unhappy.