Sterling Monetary Framework: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Create the page. Source: Bank of England webpage http://www.bankofengland.co.uk/markets/Pages/money/default.aspx) |
imported>Doug Williamson (Layout.) |
||
| Line 4: | Line 4: | ||
The Sterling Monetary Framework (SMF) describes the Bank of England's operations in the sterling money markets. | The Sterling Monetary Framework (SMF) describes the Bank of England's operations in the sterling money markets. | ||
The SMF includes: | The SMF includes: | ||
Revision as of 21:04, 7 August 2016
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 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.
