Monetary Policy Report and Monetary asset: Difference between pages

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imported>Doug Williamson
(Expand definition.)
 
imported>Doug Williamson
(Create page - source - IAS 21 - https://www.ifrs.org/content/dam/ifrs/publications/pdf-standards/english/2022/issued/part-a/ias-21-the-effects-of-changes-in-foreign-exchange-rates.pdf?bypass=on)
 
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''UK - Bank of England - monetary policy''.
''Accounting for the effects of changes in foreign exchange rates.''  


(MPR).
The essential feature of a monetary asset is that it is a right to receive a fixed - or determinable - number of units of currency.


The Monetary Policy Report is a quarterly report published by the Bank of England.
Monetary assets include cash, loans and debtors.


It explains the detailed background to the thinking of the Bank of England's Monetary Policy Committee (MPC), and the reasons for the MPC's decisions about the Official Bank Rate and other matters.
Under IAS 21, monetary items are translated at the foreign exchange rate which applies on the balance sheet reporting date (the 'closing rate').
 
 
The detailed quarterly MPR is additional to the briefer Monetary Policy Summary and minutes of the MPC meeting, published after each of the MPC's meetings.




== See also ==
== See also ==
* [[Bank of England]]
* [[Cash]]
* [[Financial stability]]
* [[Debtors]]
* [[Financial Stability Report]]
* [[Exchange difference]]
* [[Inflation]]
* [[Foreign exchange]]
* [[Monetary policy]]
* [[IAS 21]]
* [[Monetary Policy Committee]] (MPC)
*[[Loan]]
* [[Official Bank Rate]]
*[[Monetary]]
 
*[[Monetary items]]
 
*[[Monetary liability]]
==See also==
*[[Non-monetary items]]
 
* [[Translation risk]]
*[https://www.bankofengland.co.uk/monetary-policy-report/monetary-policy-report Bank of England - Our quarterly Monetary Policy Reports set out the economic analysis and inflation projections that the Monetary Policy Committee uses to make its interest rate decisions.]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
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[[Category:Identify_and_assess_risks]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Financial_products_and_markets]]

Latest revision as of 00:43, 12 March 2023

Accounting for the effects of changes in foreign exchange rates.

The essential feature of a monetary asset is that it is a right to receive a fixed - or determinable - number of units of currency.

Monetary assets include cash, loans and debtors.

Under IAS 21, monetary items are translated at the foreign exchange rate which applies on the balance sheet reporting date (the 'closing rate').


See also

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