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- Title
Sterling money market funds.
- Authors
Hilton, Adrian
- Abstract
Sterling institutional money market funds have, over the past five years, become an important feature of the sterling money market. This article looks at the characteristics of such funds and the instruments they invest in. It recognizes that the growth of sterling institutional money market funds has the potential to change the flow of funds in the sterling money markets and to alter the composition of banks' balance sheets, but has no material implication for the implementation of monetary policy.
- Subjects
MONEY market funds; POUND sterling; MONEY market; BANKING industry; FINANCIAL statements; MONETARY policy
- Publication
Bank of England Quarterly Bulletin, 2004, Vol 44, Issue 2, p176
- ISSN
0005-5166
- Publication type
Article