Implementing Monetary Policy: Reforms to the Bank of England's Operations in the Money Market

10 Pages Posted: 8 Jul 2005

Abstract

In its money market operations, the Bank of England implements the interest rate decisions of its Monetary Policy Committee while meeting the liquidity needs of the banking system and, thus, contributing to its stability. The Bank has decided that it needs to upgrade the way in which it carries out these operations and has announced wide-ranging reforms to bring that about. This article describes the new system.

Suggested Citation

Clews, Roger, Implementing Monetary Policy: Reforms to the Bank of England's Operations in the Money Market. Bank of England Quarterly Bulletin, Summer 2005. Available at SSRN: https://ssrn.com/abstract=753986

Roger Clews (Contact Author)

Bank of England ( email )

Threadneedle Street
London, EC2R 8AH
United Kingdom

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
256
Abstract Views
1,237
rank
128,398
PlumX Metrics