Markets
The Markets area of the Bank is responsible for implementing the monetary policy decisions of the Monetary Policy Committee through its operations in the sterling markets.
The Bank deals in the foreign exchange market as part of its day-to-day management of the "Exchange Equalisation Account" - which holds the UK's foreign currency and gold reserves. These may be used, subject to policy objectives, to attempt to influence the exchange rate in case of need. The Bank also operates in the foreign exchange market on its own behalf, and acting on behalf of customers.
Highlights...
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Asset Purchase Facility The implementation of Quantitative Easing. More |
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The Development of the Bank of England's Market Operations A consultative paper by the Bank of England. More |
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Sterling
Monetary Framework The framework for operations in the sterling money markets. More |
