Leasehold and Sterling Monetary Framework: Difference between pages
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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]] | |||
*[[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.
