Monetary policy: targets and transmission
Article Abstract:
The monetary policy of Bank of England that required it to maintain the target rate of inflation by using an instrument, which is the rate of interest on 14-day repurchase agreements, is mentioned. The biggest problem which the bank would face was to set interest rates based upon the economy, at least twelve months ahead, as a change in the interest takes one to two years to have its full effect upon output and inflation.
Publication Name: British Economy Survey
Subject: Business, international
ISSN: 0263-3523
Year: 2004
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House prices, wealth and monetary policy
Article Abstract:
The reasons for the house price and retail price inflation in the United Kingdom for the period 1992-2004 are examined from the report of Nationwide Building Society.
Publication Name: British Economy Survey
Subject: Business, international
ISSN: 0263-3523
Year: 2004
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