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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.