Sentences with phrase «monetary policy objective»

However, the monetary policy objective of lowering inflation seemed to have been met.

Not exact matches

One of my principal objectives as Chairman has been to make monetary policy at the Federal Reserve as transparent as possible.

A House of Commons committee has been asked to review what objectives the Bank of Canada's monetary policy should pursue.

«Nevertheless, as the economy approaches our objectives, it makes sense to gradually reduce the level of monetary policy support,» she said.

It finds that, despite the significant impact on domestic financial conditions of global shocks, countries retain influence to achieve domestic objectives — specifically, through monetary policy.

Financial conditions affect households» and firms» decisions, so that the transmission of U.S. monetary policy to the real economy depends, to a large extent, on how changes in monetary policy help deliver the appropriate financial market conditions to support our objectives of price stability and maximum employment.

But many still make monetary policy subject to the overriding objective of limiting the variability in the exchange rate against their major trading partners.

This discussion suggests that any adaptation of monetary policy to financial stability objectives is, to say the least, far from straightforward.

That means clarity about the objectives of monetary policy, how the Fed plans to meet those objectives in light of the economic and financial market environment, and how it formulates its responses to unforeseen circumstances that lead to revisions to its economic forecast.

What is important for attaining the Federal Reserve's mandated objectives is not that monetary policy is described in terms of a formal prescriptive rule, but rather that the FOMC's intentions and strategy are well understood by the public.

An important role of the Reserve Bank is conducting monetary policy to achieve the objectives of the Reserve Bank Board.

The implementation of monetary policy in Australia is market - based, with a high degree of transparency in both the operational objective (expressed in terms of the cash rate target) and the ultimate objective (expressed as an inflation target).

While inflation - targeting regimes share a number of similarities, most importantly the focus on an inflation rate as the objective of monetary policy, there are a number of differences in terms of their practical implementation.

The legislation clearly states that monetary policy has both nominal and real objectives, similar to the goals specified for the Federal Reserve Board.

Only as we became confident that the recovery was securely established, would I expect our monetary policy stance to evolve to ensure that it remained appropriate to achievement of our objective: maximum sustainable employment in the context of price stability.

As I argued in a recent speech, simple policy rules, including the most popular versions of the Taylor Rule, understate the degree of monetary support that may be required to achieve a given set of economic objectives in a post-financial crisis world.

These objectives allow the Reserve Bank Board to focus on price (currency) stability while taking account of the implications of monetary policy for activity and, therefore, employment in the short term.

The first two objectives lead to the third, and ultimate, objective of monetary policy and indeed of economic policy as a whole.

This statement should continue to foster a better understanding, both in Australia and overseas, of the nature of the relationship between the Reserve Bank and the Government, the objectives of monetary policy, the mechanisms for ensuring transparency and accountability in the way policy is conducted, and the independence of the Reserve Bank.

The ECB head said that «overall, while we can be more confident about the path of inflation, patience and persistence with regard to monetary policy is still warranted for underlying inflation pressures to build up and inflation to converge durably towards our objective.»

The principal medium - term objective of monetary policy is to control inflation, so an inflation target is thus the centrepiece of the monetary policy framework.

Former Fed Governor Stein highlighted that Federal Reserve's monetary policy transmission mechanism works through the «recruitment channel,» in such way that investors are «enlisted» to achieve central bank objectives by taking higher credit risks, or to rebalance portfolio by buying longer - term bonds (thus taking on higher duration risk) to seek higher yield when faced with diminished returns from safe assets.

Since 1991, the Government and the Bank of Canada have jointly agreed that the central objective of monetary policy should be for the Bank of Canada to target an inflation rate of 2 percent.

Central bank independence, or monetary policy autonomy refers to a central bank's ability to conduct monetary policy without political interference, that monetary policy decisions are made purely based on economic and financial conditions to achieve publicly - stated objective (s) of a central bank.

The below chart illustrates U.S. oil production (in gold) vs. FED's balance sheet (in blue), and how overproduction from accommodative monetary policy resulted in the sharp decline in oil prices, creating a systemic risk that was again transmitted from financial and commodity markets to the real economy (in job losses and slow growth in Texas and other oil producing states, as well as the decline in headline inflation, pushing the Federal Reserve further from the price stability objective):

His preferred rule, however, is to minimize «the variance around an approved target path of nominal domestic final sales» — an objective that «is probably the most that can be expected of monetary policy» (p. 285).

Some economists concede that monetary policy can influence both prices and output, but worry that one objective will be pursued at the expense of the other.

Building on continued progress in improving the effectiveness of its inflation targeting framework, BOG remains committed to maintaining an appropriate monetary policy stance to bring inflation down toward its medium - term objective.

The strategies for achieving these broad macroeconomic objectives include the following: • Promoting inclusive growth without compromising fiscal consolidation; • Anchoring fiscal policy on reducing the fiscal deficit to low and sustainable levels, sufficient to reduce the overall public debt burden; • Strengthening the inflation targeting regime and pursuing complementary monetary policy to promote monetary discipline; and • Pursuing complementary external sector policies to ensure exchange rate stability and favourable current account balance.

detailed outline of fiscal policy, monetary policy and supply side policy with links to economic objectives

«Most participants judged that the benefits of using monetary policy to address threats to financial stability would typically be outweighed by the costs associated with deviations from the Committee's employment and price - stability objectives induced by such actions; some also noted that the benefits are highly uncertain.»

«[T] he possibility was raised that monetary policy actions or communications over the past couple of years, while inflation was below the Committee's 2 percent objective, may have contributed to a decline in longer - run inflation expectations below a level consistent with that objective.»

Although the Treasury's operations are helpful, to protect the independence of monetary policy, we must take care to ensure that we can achieve our policy objectives without reliance on the Treasury.

«The persistence of the shortfall in inflation from our objective should be one of the considerations in setting monetary policy.

The Court held that objective of the stability mechanism, namely to «safeguard the stability of the euro area as a whole», is «clearly distinct» from the objective of monetary policy, that is, to maintain «price stability».

As stated by Mario Draghi, President of the ECB, the objective of OMTs is to safeguard the monetary policy transmission mechanism in the euro area.

This includes the objective to preserve the singleness of the monetary policy and to ensure proper transmission to the real economy.

(at 129) He elaborates on the objectives of the OMT programme as monetary policy measures, which trigger the transmission mechanism and have an impact on interest rates on government bonds of specific countries, and states that all these objectives were, with regard to the deterioration of the sovereign debt market for several states in summer 2012 legitimate.

«-LSB-... t] he objective pursued by [the ESM], which is to safeguard the stability of the euro area as a whole, that is clearly distinct from the objective of maintaining price stability, which is the primary objective of the Union's monetary policy.

The Governing Council shall formulate the monetary policy of the Union including, as appropriate, decisions relating to intermediate monetary objectives, key interest rates and the supply of reserves in the ESCB, and shall establish the necessary guidelines for their implementation.

Comparing a good selection of policies should be your objective if the goal is monetary savings on a plan you can trust.

These characteristics can augment monetary policy of Pakistan in achieving its objectives of ensuring stability of the value of rupee and fuller utilisation of the country's productive resources.