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Financial Sector Policies

Virtual: Monetary Policy Implementation under an evolving monetary policy framework


Session No.: SA 21.45V

Location: New Delhi, India

Date: September 12-23, 2021 (2 weeks)

Primary Language: English

    Target Audience

    The course targets mid-level and technical staff in central banks of the Bangladesh Bank who are directly involved in advising on or carrying out monetary policy analysis, policy implementation, and market operations.

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    Participants are expected to work in either a monetary policy department and/or department involved in the operational aspects of monetary policy.

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    Course Description

    The Monetary Policy Implementation Course designed for the Bangladesh Bank, seeks to provide a thorough theoretical and practical background for implementing an interest-rate focused monetary policy framework. The program includes lectures on monetary policy implementation, including money market operations, liquidity forecasting, and liquidity management frameworks. The lectures will be complemented with hands-on exercises simulating the liquidity committee decision-making process. There will be ample room for in-depth discussions and Q&A.

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    Course Objectives

    • Prepare Bangladesh Bank staff to move from a reserve money target to interest operating target.
    • Improve understanding of operating on an interest rate corridor and conducting open market operations.
    • Develop an adequate liquidity monitoring and forecasting framework.
    • Prepare the inputs for the liquidity committee.
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