Sterling Operations - Sterling Monetary Framework - The Red Book

The framework for the Bank's operations in the sterling money markets is set out in the Bank's 'Red Book':

• The Framework for the Bank of England's Operations in the Sterling Money Markets (the 'Red Book') (433k)
  Last updated June 2012

The Red Book is structured in two parts. The first sets out the rationale behind the framework and how it fits together:

• Part 1 - The Sterling Monetary Framework (200k)
  Last updated December 2010

The second part explains the elements in operation currently:

• Part 2 - The Bank's current operations in the sterling money markets (65k)
  Last updated June 2012

The different facilities set out in the second part can also be viewed individually:

•  The Reserves Scheme (46k)
•  Operational Standing Facilities (43k)
•  Quantative Easing (23k)
•  Indexed Long-Term Repo (23k)
•  Discount Window Facility (48k)
•  Extended Collateral Term Repo (19k)
   

The Red Book will periodically be updated to reflect changes to the Bank's operations.

Click here to see previous versions, show

Full details of the operations undertaken in the Sterling Monetary Framework can be found in the SMF Documentation.