Sentences with phrase «objective of central banks»

The primary objective of central banks is to manage inflation.

But none of globalization's effects on inflation, not even the potential reduction in inflationary bias, diminish the importance of the principal objective of central banks: setting policy to achieve low and stable rates of inflation over time.

Mr Martey said among the primary objectives of the central bank was to ensure price stability in the form of low inflation and a stable currency, while the secondary objective was to support the growth and development of the economy.

Not exact matches

Weakening the dollar is not the primary intent of quantitative easing, Federal Reserve chairman Ben Bernanke said recently, arguing the central bank was «using domestic policy tools to advance domestic objectives.»

This raises a number of issues which are the object of vigorous debate at present among monetary authorities world - wide: issues such the appropriate objectives for a central bank and the desirable degree of independence.

In the event of demand shocks, there is not a large conflict between the real and nominal objectives; the monetary response is the same to meet both objectives, and the actions of all the inflation - targeting central banks would not be significantly different.

In the case of most supply shocks, where the required response to meet the two objectives may differ in the short term, each of the frameworks is sufficiently flexible to cause no material difference in the central bank's response.

Here it is important, in my view, for policy - makers to encourage markets to form their expectations on the basis of the central bank behaving consistently with its announced inflation objective.

The test should be the size and circumstances of the asset price moves and their impact on the forecast relative to the central banks» objectives, not the direction of the asset price move.

Lian says that the Central Bank has created an open group with the implementation of the Application Programming Interface (API) with the participation of members of the financial sector and major fintech startups, whose main objective is to develop a unified open framework API.

The European Central Bank remains very far away from hitting its objective for headline inflation of slightly below 2 %.

The current EMU rate of inflation is below 2 %, the long - run policy objective of the European central bank.

At the same time, he said, the Fed is not the world's central bank, and will calibrate policy based on its domestic objectives of fostering full U.S. employment and 2 percent inflation.

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 centraCentral 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 centracentral 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 centralcentral bank.

Currency prices are based on objective considerations of supply and demand and can not be manipulated easily because the size of the market does not allow even the largest players, such as central banks, to move prices at will.

At the event, which was hosted by the Yale Law School Center for the Study of Corporate Law in New Haven, Powell highlighted three specific areas where blockchain technology is affecting change in regard to the Federal Reserve's «broad public policy objectives»: the creation of real - time payment systems, use of blockchain technology for clearing and settlement services, and the issuance of digital currencies by central banks.

While Fan supported the development of a government regulated digital currency, noting that one objective is, ``... to further intensify reform and innovation, solidly promote the R&D of the central bank's digital currency», he reiterated the importance of protecting the yuan against unofficial virtual currencies.

According to the prepared document cited by The Guardian «The [Greek] government commits to consult and agree with the European commission, the European Central Bank and the International Monetary Fund on all actions relevant for the achievement of the objectives of the memorandum of understanding before these are finalised and legally adopted.»

The objective of governments and central banks is to manage a soft landing where economies cool down enough to control inflation, but not so much that they induce a recession.