Management of Banking and Financial Services, 4th Edition by Pearson

monetary policy—implications for bank management n 61

Other Developed and Developing Countries

Table 2.5 summarizes the key aspects of monetary tools in operation in select developed and developing

countries.

TABLE 2.5 KEY ASPECTS OF MONETARY TOOLS IN OPERATION IN SELECT DEVELOPED AND DEVELOPING

COUNTRIES

Australia UK Switzerland Sweden Singapore Japan Brazil

Central

bank

Reserve

Bank of

Australia

Bank of

England

Swiss

National Bank

Sveriges

Riksbank

Monetary

Authority of

Singapore

Bank of Japan Central Bank

of Brazil

Key policy

rate

Target cash

rate

Official bank

rate paid on

commercial

bank reserves.

3-month

LIBOR

Overnight

repo rate

Exchange rate Uncollateral- ...