Price Stability definitions

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Price stability

Price stability logo #20140Price stability is where prices change by a small and consistent amount. One of the 3 core purposes of the Bank of England is to maintain price stability. In other words they are required to maintain low and stable inflation. To do this they use interest rates, and these are set by the Monetary Policy Committee.
Found on http://www.encyclo.co.uk/local/20140

Price Stability

Price Stability logo #23570Price stability is the stable level of prices in the economy, which avoids long periods of inflation or deflation and sustains the value of money over time. Price level stability is important for savers.
Found on https://www.myaccountingcourse.com/accounting-dictionary/accounting-diction
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