A successful stabilization programme that achieves price stability without causing a recession.
Definition and meaning of sound money, preserving stable purchasing power through diligent monetary policy.
The method by which a central bank prevents balance-of-payments surpluses or deficits from affecting the domestic money supply.
The Sterling Overnight Index Average (SONIA) tracks sterling overnight funding rates and serves as a proxy for market interest rate expectations.
A specified range within which a country seeks to maintain its exchange rate, either through strict or relaxed central bank intervention.
Economic principles underlying the policies of the Thatcher government in the UK from 1979 to 1990
An extensive analysis of tight monetary policy, its historical roots, frameworks, and implications.
An overview of the underlying rate of inflation, particularly in the UK context, distinguishing it from the headline rate of inflation.
An overview of unsterilized intervention in the foreign exchange markets in economics.
An economic term denoting a currency widely used in international trade transactions between countries that do not use that currency domestically.
Definition and Economics Context of Zero Interest Rate
Medium-Term Financial Strategy (MTFS) is a policy adopted by the UK government in 1980 aimed at controlling inflation through long-term reductions in government borrowing and money supply growth.
