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About monetary policy

We use monetary policy to maintain price stability and support maximum sustainable employment. Our objectives are defined in the remit to the Monetary Policy Committee (MPC).

Current remit

The current remit requires us to keep inflation between 1% and 3% on average over the medium term, with a focus on keeping future average inflation near the 2% target midpoint. There is no numerical target for employment, as we use a range of different indicators to assess the maximum sustainable level.