Evolving MP Frameworks in LIC and developing countries - Banking Academy Dec 2017

Slide 1

Snapshot of current landscape in LLMICs

Principles of Effective Monetary Policy Frameworks

Slide 4

Mandate, Independence & Accountability (principle I)

Role of Price Stability and Other Objectives (principle 2)

Slide 7

Adopting a Medium-Term Inflation Objective (1) (principle III)

Adopting a Medium-Term Inflation Objective (2)

Other Objective—Output and Financial Stability (principles IV)

What About the Role of the Exchange Rate?

What About the Role of Monetary Aggregates?

The Operational Framework (principle V)

Incoherent operational frameworks a major issue

Policy Formulation and Strategy

Communications

Priorities and Synergies

Key principles and key stakeholders

Role of the Fund

Slide 20

Slide 21