Sterling Monetary Framework: Difference between revisions
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==See also== | ==See also== | ||
*[[Bank of England]] | *[[Bank of England]] | ||
*[[Central bank]] | |||
*[[Financial Policy Committee]] | *[[Financial Policy Committee]] | ||
*[[Inflation]] | *[[Inflation]] | ||
*[[Liquidity insurance]] | *[[Liquidity insurance]] | ||
*[[Monetary]] | |||
*[[Monetary policy]] | *[[Monetary policy]] | ||
*[[Monetary Policy Committee]] | *[[Monetary Policy Committee]] | ||
Latest revision as of 00:24, 12 March 2023
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 UK government's 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.
