Finance and Banking (Edexcel A-Level Economics A): Flashcards
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Practise the cards
10 cards from this deck
Central bank
Central bank
Banker to govt; issues currency, regulates financial system
Monetary stability
Monetary stability
Price stability relative to govt's inflation target
Financial stability
Financial stability
Sufficient & efficient flow of liquidity in the economy
Year BoE granted operational independence
Year BoE granted operational independence
1997
MPC (Monetary Policy Committee)
MPC (Monetary Policy Committee)
BoE body responsible for conducting monetary policy
Current UK inflation target
Current UK inflation target
2% CPI (±1%)
Bank Rate
Bank Rate
Interest rate BoE charges on short-term loans to banks
Quantitative easing (QE)
Quantitative easing (QE)
Central bank purchases assets to increase liquidity
PRA (Prudential Regulation Authority)
PRA (Prudential Regulation Authority)
Microprudential regulation of individual firms (BoE body)
FPC (Financial Policy Committee)
FPC (Financial Policy Committee)
Macroprudential regulation of systemic risk (BoE body)