Technical Cooperation Programme

Workshop on Monetary Policy Operational Framework Development

Date: 25-11-2013

The workshop on Monetary Policy Operational Framework Development organized by the Domestic Operations Department in cooperation with the International Department, took place on 18-19 November 2013 at Narodowy Bank Polski (NBP) Head Office in Warsaw.

13 representatives from 11 central banks (Belarus, Bosnia and Herzegovina, China, Egypt, Indonesia, Kazakhstan, Moldova, Mongolia, Serbia, South Korea and Ukraine) took part in the event conducted by the experts from the Domestic Operations Department and the Economic Institute.

The event drew upon the issues of the structure and main tasks of the Domestic Operations Department and the Economic Institute; moreover, the NBP experts gave lectures on such topics as: monetary policy strategy of NBP, liquidity position of the banking sector and its development in Poland, development of monetary policy operational framework of NBP, managing banking sector liquidity by NBP, standing facilities and intra-day credit, minimum reserves system in Poland, NBP as a Issue Agent of Treasury Securities, monetary policy implementation during the financial crisis: the case of Poland, Polish unsecured interbank depo market and operational target of the monetary policy.

We would like to thank all the participants and experts for their active participation.

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