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Government sets 2% Inflation target, MPC Collects Data, MPC Analyses Data, MPC Votes (13 members) for Interest Rate Level, Rate change announced, High and Commercial Street Banks respond to the change, Mortgage, Personal and Business interest rates move, Households change consumption, Businesses change investment decisions, AD responds to the changing environment., Inflation, Unemployment and Growth Respond..

ECONOMICS - ANALYSIS OF INTEREST RATE CHANGES

by Mdeans

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