Changes to interest rates and money supply have a significant effect on financial markets and the economy as a whole. To help you and your business stay on top of any changes in Central Bank Policy, we have collated the meeting dates of key Central Banks across the globe in 2024.
Central banks are financial institutions responsible for overseeing and implementing monetary policies within a country or a group of countries. Their primary goal is to maintain price stability and support economic growth. Central banks play a crucial role in controlling the money supply, interest rates, and inflation, using various tools such as open market operations, discount rates, and reserve requirements. Additionally, they often act as the lender of last resort, providing financial stability by assisting banks facing liquidity crises. Central banks also manage foreign exchange reserves, contributing to the stability of the national currency. While specific roles and structures may vary among countries, central banks typically operate independently from government influence to ensure effective monetary policy implementation and safeguard economic stability.
Central bank policy can thus have a profound effect on your business, so it is important to keep track of any changes in monetary policy.
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