Meaning of “MPC” in the English Dictionary

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"MPC" in Business English

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MPCnoun [ S ]

uk us ECONOMICS

abbreviation for marginal propensity to consume

the MPCnoun

uk us FINANCE

abbreviation for Monetary Policy Committee: the part of the Bank of England (= the central bank of the United Kingdom) that decides interest rates:

The MPC is expected to keep rates at 4% when it meets next week.

(Definition of “MPC” from the Cambridge Business English Dictionary © Cambridge University Press)