Central Banks Meetings Scheduled for 2018

central bank, central banks, monetary policy

central bank, central banks, monetary policyCentral Banks are the financial institutions that control country's' monetary policy, and usually have several mandates including, but not limited to issuing national currency, maintaining the value of the currency, ensuring financial system stability, controlling credit supply, serving as a last-resort lender to other banks and acting as government’s banker.

The central bank might be or might not be independent the government. In theory, an independent central bank will ensure there is no political influence over the central banks' policy, however even with the so-called "independent central banks" that is not always the case.

Some of the well-known central banks are the US Federal Reserve (FED), Bank of Canada (BoC), European Central Bank (ECB), Bank of England (BoE)Switzerland National Bank (SNB), Bank of Japan (BoJ), Reserve Bank of Australia (RBA), and Reserve Bank of New Zealand (RBNZ). Some central banks are responsible for single’s country monetary policy, for example, the Bank of Canada, while others manage the monetary policy of a group of countries like the European Central Bank.

Central banks manage their countries monetary policies, which includes currency issuing, maintaining the country’s foreign exchange and gold reserves, managing the money supply, and managing the cost of credit by setting interest rates. The monetary policy enforced by a central bank is used in general to influence the economic activity (avoid recessions, facilitate economic growth, etc.) and control inflation.

One of the most powerful weapons in central banks’ arsenal is the short-term interest rate setting. The short-term interest rate is the overnight interbank lending rate. Lowering the short-term interest rate in effect lowers the cost of credit, thus stimulating people and businesses to borrow in hope to expand the economy. Increasing interest rates makes borrowing more expensive, and is usually used to control overheating economies and inflation.

Below you can download the meetings scheduled for 2018 of the world's leading Central Banks. Usually, meetings take place in two days. Reported in the pdf file only on the second day, in which the decisions on monetary policy shall be communicated.

pdf, format, file, download Meetings Scheduled 2018

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