The monetary policy operational framework is key for the achievement of a central bank’s monetary policy objectives.
This webinar provides participants with an overview of the Eurosystem’s monetary policy implementation framework in recent years, with a special focus on the experience of Banca d'Italia.
Particular attention is devoted to: the development of the tools available in a low-inflation environment to safeguard the effective conduct of monetary policy; the smooth provision of liquidity to market participants; the orderly functioning of financial markets; and the related financial stability issues and the implications for central banks’ asset and liability management.
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