Sterling Monetary Framework: Difference between revisions
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The SMF's purposes are to: | The SMF's purposes are to: | ||
*Implement the Bank of England's Monetary Policy Committee's (MPC's) decisions in order to meet the inflation target. | *Implement the Bank of England's Monetary Policy Committee's (MPC's) decisions in order to meet the UK government's inflation target. | ||
*Reduce the risk and cost to the UK economy of any disruption to the critical financial services provided by banks and other participants in the SMF. | *Reduce the risk and cost to the UK economy of any disruption to the critical financial services provided by banks and other participants in the SMF. | ||
| Line 18: | Line 18: | ||
==See also== | ==See also== | ||
*[[Bank of England]] | *[[Bank of England]] | ||
*[[Central bank]] | |||
*[[Financial Policy Committee]] | *[[Financial Policy Committee]] | ||
*[[Inflation]] | *[[Inflation]] | ||
*[[Liquidity insurance]] | *[[Liquidity insurance]] | ||
*[[Monetary]] | |||
*[[Monetary policy]] | *[[Monetary policy]] | ||
*[[Monetary Policy Committee]] | *[[Monetary Policy Committee]] | ||
*[[Money market]] | *[[Money market]] | ||
*[[Operational Standing Facilities]] | *[[Operational Standing Facilities]] | ||
*[[Operations]] | |||
*[[SMF participant]] | *[[SMF participant]] | ||
*[[Sterling]] | *[[Sterling]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
[[Category:Identify_and_assess_risks]] | |||
[[Category:Manage_risks]] | |||
[[Category:Risk_frameworks]] | |||
[[Category:Risk_reporting]] | |||
Latest revision as of 00:24, 12 March 2023
UK central bank oversight.
(SMF).
The Sterling Monetary Framework (SMF) describes the Bank of England's operations in the sterling money markets.
The SMF includes:
- Operational Standing Facilities (OSFs).
- Liquidity insurance.
The SMF's purposes are to:
- Implement the Bank of England's Monetary Policy Committee's (MPC's) decisions in order to meet the UK government's inflation target.
- Reduce the risk and cost to the UK economy of any disruption to the critical financial services provided by banks and other participants in the SMF.
