MICR and Sterling Monetary Framework: Difference between pages
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imported>Doug Williamson (Classify page.) |
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]] | |||
*[[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.
