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Finance note
Essay specific features
Written by:
Cathleen R
Date added:
October 5, 2015
Level:
Grade:
A
No of pages / words:
3 / 749
Was viewed:
7832 times
Rating of current essay:
Essay content:
„This will make it no feasible for them to do anything with their exchange rates,” he said.
The draft Monetary Union Treaty spells out the functions of a proposed GCC monetary authoritym which will eventually becoma the region’s currency- issuing central bank, eplacing the current national authorities...
displayed 300 characters
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In the EURO zone shouldn’t exceed 2 % yearly ( in Hungary it’s 3-4%).
current inflation rate: the prices of this September referring to the prices of last September.
INlfation targeting: the aim of the central bank is to keep the inflation rate low.
Conduct of monetary policy (the short-term interest rate is functioning as the main policy instrument), lender of last resort
Instrument: short-term interest rate (S/T interest rate)two-week lending or refinancing
Refinancing loans: given to commercial banks for 2 weeks term
Rates of the financing rate is set up 1 % higher than the base rate...
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