Money and Interest Rate - How the central bank controls the nominal interest rate
4 important questions on Money and Interest Rate - How the central bank controls the nominal interest rate
The European Central Bank (ECB) is:
Central banks are generally concerned with two broad policy objectives:
- Price stability: the maintenance of a relatively low rate of inflation
- Stabilisation: policy directed towards moderating increases in unemployment
The key decision-making body in the Bank of England is called the:
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The key decision-making body in the Federal Reserve System, and the Fed's equivalent of the ECB's Governing Council is:
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