Monetary policy: targets and transmission

Article Abstract:

The monetary policy of Bank of England that required it to maintain the target rate of inflation by using an instrument, which is the rate of interest on 14-day repurchase agreements, is mentioned. The biggest problem which the bank would face was to set interest rates based upon the economy, at least twelve months ahead, as a change in the interest takes one to two years to have its full effect upon output and inflation.

Economic Programs, Administration of Economic Programs, Interest Rates, Analysis, Influence, United Kingdom. Bank of England

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House prices, wealth and monetary policy

Article Abstract:

The reasons for the house price and retail price inflation in the United Kingdom for the period 1992-2004 are examined from the report of Nationwide Building Society.

Residential Building Construction, Commodity & service prices, Pricing Policy, Housing incl Mobile Homes, Economic aspects, Prices and rates, Housing, Pricing, Dwellings, Company pricing policy, Product price

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