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that it “can be patient” about the timing of mone- kronas.
tary policy tightening.
In March 2015, the Fed modified its language Chart 1. Changes
for the BoC
to ease its monetary policy further. The BoC re-
frained from altering its monetary policy stance in Chart 2. Yields to maturity
said that it “can be 0
patient” about the timing of monetary policy tight- 12.2013 03.2014 06.2014 09.2014 12.2014
ening.
instead said that it “can be
patient” about the timing of monetary policy tight- 4
ening.
In January 2015, the Bank of Canada unex-
3
a.
growth and low Eurozone inflation, the ECB eased
5
its monetary policy by cutting the key rate from
0.5% to 0.25%. Standard
economy.
Usually a change to the key rate is a major monetary policy tool.
Examples of key rates used by the leading central banks include:
in certain euro area member states, the population over the EU migration policy and
the China slowdown and quantitative easing (QE) toughening banking sector regulation.
2328
28.03.2018
transparency and provide an insight into the Bank of Russia’s monetary policy. If you are interested in participating, please send your query to the
2329
23.03.2018
be taken into account in our policy decisions including on the key rate. We have all the monetary policy tools to secure mid-term inflation close
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23.03.2018
markets on the back of monetary policy normalisation in other countries and growing uncertainty with respect to the trade policy.
The Bank of Russia Board