United Kingdom : Selected Issues

Author/Editor:

International Monetary Fund

Publication Date:

May 14, 1999

Electronic Access:

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Summary:

This Selected Issues paper examines the operational independence and the conduct of monetary policy in the United Kingdom. The paper describes the inflation targeting framework and the analytics of the decision-making process. It suggests that inflation targeting, although not entirely new in terms of the basic idea, is a rather significant step toward establishing a workable and well-defined framework for monetary policy. The paper also describes structure, mandate, and policy issues associated with the financial services authority.

Series:

Country Report No. 99/44

Subject:

English

Publication Date:

May 14, 1999

ISBN/ISSN:

9781451814088/1934-7685

Stock No:

1GBREA0011999

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

92

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