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- Title
Implementing monetary policy: reforms to the Bank of England's operations in the money market.
- Authors
Clews, Roger
- 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.
- Subjects
BANKING industry; MONEY market; MONEY supply; MONEY market deposit accounts; FINANCIAL markets; MONETARY theory; PUBLIC welfare
- Publication
Bank of England Quarterly Bulletin, 2005, Vol 45, Issue 2, p211
- ISSN
0005-5166
- Publication type
Article