Not-for-profit and Operational Standing Facilities: Difference between pages
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''Bank of England.'' | |||
(OSF). | |||
The Bank of England's Operational Standing Facilities (OSF) are part of its Sterling Monetary Framework (SMF). | |||
The OSFs are the: | |||
*Operational Standing Lending Facility. | |||
*Operational Standing Deposit Facility. | |||
The facilities are overnight and on demand, at predetermined fixed interest rates. | |||
[[ | |||
[[ | As part of the SMF, the OSFs' purposes are to: | ||
[[ | *Provide a mechanism to bring about a close alignment of money market rates and the Official Bank Rate. | ||
[[ | *Provide a means for banks and other SMF participants to manage any temporary liquidity shortages arising from technical problems in their internal payments and settlement systems, or in the market-wide payments and settlements infrastructure. | ||
[[ | |||
==See also== | |||
*[[Bank of England]] | |||
*[[Financial Policy Committee]] | |||
*[[Inflation]] | |||
*[[Infrastructure]] | |||
*[[Liquidity insurance]] | |||
*[[Monetary policy]] | |||
*[[Monetary Policy Committee]] | |||
*[[Money market]] | |||
*[[Official Bank Rate]] | |||
*[[Sterling Monetary Framework]] | |||
Revision as of 16:00, 7 August 2016
Bank of England.
(OSF).
The Bank of England's Operational Standing Facilities (OSF) are part of its Sterling Monetary Framework (SMF).
The OSFs are the:
- Operational Standing Lending Facility.
- Operational Standing Deposit Facility.
The facilities are overnight and on demand, at predetermined fixed interest rates.
As part of the SMF, the OSFs' purposes are to:
- Provide a mechanism to bring about a close alignment of money market rates and the Official Bank Rate.
- Provide a means for banks and other SMF participants to manage any temporary liquidity shortages arising from technical problems in their internal payments and settlement systems, or in the market-wide payments and settlements infrastructure.
