Interchange and Sterling Monetary Framework: Difference between pages
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imported>Doug Williamson m (Amend wording.) |
imported>Doug Williamson (Create the page. Source: Bank of England webpage http://www.bankofengland.co.uk/markets/Pages/money/default.aspx) |
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''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. | |||
==See also== | |||
*[[Bank of England]] | |||
*[[Financial Policy Committee]] | |||
*[[Inflation]] | |||
*[[Liquidity insurance]] | |||
*[[Monetary policy]] | |||
*[[Monetary Policy Committee]] | |||
*[[Money market]] | |||
== See also == | *[[Operational Standing Facilities]] | ||
* [[ | *[[Sterling]] | ||
* [[ | |||
* [[ | |||
* [[ | |||
* [[ | |||
* [[ | |||
* [[ | |||
* [[ | |||
* [[ | |||
Revision as of 15:45, 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.