Monetary Policy – Introduction

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The Framework

The monetary policy is built on a framework consisting of two key components:

• 1. Flexible exchange rate
• 2. Inflation-control target

Key Interest Rate

Changes in the key interest rate influence other interest rates, and so affect people’s spending decisions.

Monetary Policy Statistics

Key statistical data pertaining to monetary policy.

Monetary Policy Report

Quarterly summaries of the Bank’s policies and strategies, and of the economic climate and its implications for inflation.

The Decision-Making Process

A detailed explanation of how the Bank arrives at a monetary policy decision.

Why Monetary Policy Matters: Our Perspective

Explains why the bank’s monetary policy matters to the economy of our country.

Large Value Transfer System (LVTS)

The LVTS is an electronic wire system that lets financial institutions and their customers send large payments securely in real time.