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Background to the Introduction of Monetary Targets
Monetary Targets in the UK
Analysing Broad Money
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April assets authorities balance sheet bank lending Bank of England Bank's behaviour BEQB Table bill leak broad money Budget building society cash central government CGBR Chapter components conventional gilts counterparts discount houses eligible liabilities example exchange rate expected finance foreign currency deposits funding gilt market government debt H.M. Treasury included index-linked inflation interbank interbank rate interest bearing liquidity loans make-up day March market liquidity market makers maturity measures of money monetary aggregates monetary base Monetary Control monetary growth monetary policy monetary targets money market money supply month narrow money National Savings NNDLs nominal non-bank private sector non-deposit liabilities notes and coin October Overfunding overseas sector payments PSBR PSL2 public sector rise in interest seasonally adjusted short term interest special deposits sterling deposits target period target range term interest rates tion transactions Treasury bills UK monetary sector yield curve