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  • Economic Calendar Terms

    BOE QE Total

    Bank of England
    Threadneedle Street
    London EC2R 8AH
    44–0–20–7601–4878

    Monetary policy refers to the actions undertaken by a country's monetary authority, central bank or government to achieve certain national economic goals. It is based on the relationship between interest rates at which money can be borrowed and total supply of money. Policy rates are the most important rates within a country's monetary policy. These can be: deposit rates, lombard rates, rediscount rates, reference rates etc. Changing them influences economic growth, inflation, exchange rates and unemployment.