By Selassie Isaac ISRAEL The decision by the Monetary Policy Committee (MPC) of the Bank of Ghana in November 2025 to reduce the Monetary Policy Rate (MPR) from 21.5% to 18% represents a pivotal ...

E-money development has important yet theoretically ambiguous consequences for monetary policy transmission, because nonbank deposit-taking e-money issuers (EMIs) (e.g., mobile network operators) can ...

Over the years the responsibility of stabilization policy have increasingly been place on the shoulders of central banks. However, for central banks to deliver on this mandate their monetary policy ...

Our eLibrary offers over 25,000 IMF publications in multiple formats. Activity and inflation responded slowly to the Federal Reserve’s rate hikes in 2022. Was this because the transmission of monetary ...

We show that the underlying source of inflation impacts financial market perceptions of the persistence of monetary policy tightening. Investors expect policy tightening to be more persistent ...

Surveys of professional economic forecasters and financial market data can reveal public perceptions about the future conduct of monetary policy. Current estimates suggest that both professional ...

Learn how accommodative monetary policy by central banks expands the money supply and stimulates economic growth through lower interest rates.

Discover the European Central Bank's key functions, structure, and role in Eurozone monetary policy, ensuring price stability among the 19 countries using the euro.