Mandate - To maintain monetary and financial stability. The BoE, under the leadership of Mervyn King, is frequently touted as one of the most effective central banks.
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WWE 2K20 Preset Entrances Full List (Single, Tag Team, Trio, Champion & MITB Motions) Structure - The monetary policy committee of the Bank of England is a nine-member committee consisting of a governor, two deputy governors, two executive directorsand four outside experts. As an export-dependent economy, the ECB also has a vested interest in preventing against excess strength in its currency because this poses a risk to its export market.įrequency of Meeting - Bi-weekly, but policy decisions are generally only made at meetings where there is an accompanying press conferenceand those happen 11 times a year. Mandate - Price stability and sustainable growth. Therefore, whenever it plans on making a change to interest rates, it will generally give the market ample notice by warning of an impending move through comments to the press. The council consists of the six members of the executive board of the ECB, plus the governors of all the national central banks from the 12 euro area countries.Īs a central bank, the ECB does not like surprises. Structure - The European Central Bank was established in The governing council of the ECB is the group that decides on changes to monetary policy. Structure - The Federal Reserve is probably the most influential central bank in the world. Familiarizing yourself with what makes a central bank tick will give you a leg up when it comes to predicting their next moves, as well as the future direction of a given currency pair.įor more see our tutorial : Popular Forex Currencies. Interest rates give international investors a reason to shift money from one country to another in search of the highest and safest yields. The one factor that is sure to move the currency markets is interest rates.