Central Bank and Monetary Policy: Understanding the Bank of England's Tools and Role

This video tutorial explores the role of the Bank of England in managing monetary policy, focusing on monetary stability and financial stability. It details the structure and responsibilities of the Monetary Policy Committee, including its role in setting the Bank rate to achieve inflation targets. The video introduces key monetary policy tools such as Bank rate changes, quantitative easing, and the Funding for Lending scheme. It also discusses the regulation of lending and the concept of forward guidance, which influences economic expectations. The tutorial concludes with a preview of more technical details to be covered in future lectures.

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