## United Kingdom: Selected Issues

_IMF Staff Country Reports, May 14, 1999_

## Source details

**Canonical URL:** [United Kingdom: Selected Issues](https://www.imf.org/en/publications/cr/issues/2016/12/30/united-kingdom-selected-issues-2994)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/30/united-kingdom-selected-issues-2994/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/30/united-kingdom-selected-issues-2994/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/30/united-kingdom-selected-issues-2994/bundle-manifest.json)

## Bibliographic details
- Published: May 14, 1999
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451814088.002

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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.
- The paper 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.

### Findings on inflation targeting and monetary policy
- Describes the inflation targeting framework used in the United Kingdom.
- Discusses the analytics of the decision-making process for monetary policy.
- Characterizes inflation targeting as not entirely new in basic idea but "a rather significant step toward establishing a workable and well-defined framework for monetary policy."

### Financial services authority: structure and mandate
- Describes structure, mandate, and policy issues associated with the financial services authority.

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## Content in this bundle

- **_cr9944**
  - [_cr9944 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/1999/_cr9944.pdf.md){rel="alternate" type="text/markdown"}
  - [_cr9944 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/1999/_cr9944.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/30/united-kingdom-selected-issues-2994_