imported>Doug Williamson |
imported>Doug Williamson |
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| Monetary policy is central government or other policy to stimulate or otherwise influence economic activity by influencing money supply or interest rates.
| | ''Information technology - standards.'' |
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| Historically, mechanisms for influencing the money supply have included the use of open market operations, quantitative easing, the central bank discount rate and reserve requirements.
| | SOC 2 is an abbreviation for Service Organisation Controls 2. |
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| ====UK monetary policy====
| | The SOC 2 report addresses a service organisation’s controls that relate to operations and compliance, in respect of availability, security, processing integrity, confidentiality and privacy. |
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| In recent years the primary objectives of UK monetary policy have been 'stable prices' and confidence in the currency, collectively known as 'monetary stability'.
| | A SOC 2 report includes a detailed description of the service auditor’s test of controls and results. |
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| 'Stable prices' are defined by the UK government's inflation target, currently 2% per annum as measured by the UK Retail Prices Index (RPI).
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| | == See also == |
| | * [[Cloud computing]] |
| | * [[Information security management system]] |
| | * [[Internal control]] |
| | * [[ISO 27001]] |
| | * [[Risk management]] |
| | * [[Security]] |
| | * [[SOC 1 report]] |
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| Responsibility for setting monetary policy - to achieve monetary stability - rests with the Bank of England's Monetary Policy Committee (MPC).
| | [[Category:Accounting,_tax_and_regulation]] |
| | | [[Category:The_business_context]] |
| | | [[Category:Technology]] |
| Monetary policy in the UK has usually operated through setting the Bank of England's interest rate, the Official Bank Rate, or 'Bank Rate'.
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| This rate is often referred to as the 'Bank of England Base Rate'.
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| ====Quantitative easing in the UK ====
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| In 2009, in addition to setting Bank Rate, the MPC started quantitative easing (QE).
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| This means injecting money directly into the economy by purchasing financial assets.
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| QE is designed to stimulate the economy further, beyond what could be achieved by low interest rates alone.
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| == See also ==
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| * [[Bank of England]]
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| * [[Discount rate]]
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| * [[Financial Policy Committee]]
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| * [[Fiscal policy]]
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| * [[Interest rate]]
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| * [[Keynesianism]]
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| * [[Monetary]]
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| * [[Monetary Policy Committee]]
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| * [[Money supply]]
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| * [[Open market operations]]
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| * [[Quantitative easing ]]
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| * [[Reserve requirements]]
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| * [[Retail Prices Index]]
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| * [[Supply side policy]]
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| * [[ZLB problem]]
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Information technology - standards.
SOC 2 is an abbreviation for Service Organisation Controls 2.
The SOC 2 report addresses a service organisation’s controls that relate to operations and compliance, in respect of availability, security, processing integrity, confidentiality and privacy.
A SOC 2 report includes a detailed description of the service auditor’s test of controls and results.
See also
