Monetary Policy Framework
How we achieve low and stable inflation and support maximum sustainable employment.
Monetary Policy Framework
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).
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.
How we achieve low and stable inflation and support maximum sustainable employment.
Monetary Policy FrameworkThis page provides a timeline of our monetary policy decisions, with links to the related media releases.
Monetary policy decisions