The Bank of England monetary policy committee (MPC) has nine members, five from the Bank and four external members who are usually academics or representatives of the financial services community. The committee has a very narrow focus of expertise as a result.
The MPC is responsible for decision making with regard to the Bank of England's management of the UK's conventional monetary policy and unconventional monetary policy.
The notional independence of the MPC is controversial. See central bank independence.
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