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DTSTAMP:20260515T011134Z
DTSTART;VALUE=DATE:20261213
DTEND;VALUE=DATE:20261218
SUMMARY:Monetary policy implementation 
TRANSP:TRANSPARENT
UID:2026_11_30_monetary_policy_implementation_967764
DESCRIPTION:Objective\n\nThe implementation of monetary policy requires b
 oth well-defined goals and a consistent set of policy instruments in ord
 er to achieve them. This course will begin by placing the central bank’s
  monetary policy operations in the context of broader monetary policy st
 rategy\, emphasising the link between policy formulation and implementat
 ion. Further focus will be on the practicalities of implementing monetar
 y policy\, with a look at liquidity management\, refinancing operations\
 , monitoring of monetary policy counterparties\, collateral framework an
 d monetary policy asset purchases. The course will also provide an intro
 duction into market intelligence at the Deutsche Bundesbank and conclude
  with current challenges\, such as greening the financial system. While 
 our specialists will primarily report on practices within the Eurosystem
 \, participants of this course will also be encouraged to actively engag
 e with each other and\, where appropriate\, prepare presentations in wor
 kshops and exercises to provide insights into the respective frameworks 
 of their own countries.\n\nContents\nMonetary policy mandate\, strategy\
 , operational framework\nMonetary policy refinancing operations in pract
 ice\nMonitoring of monetary policy counterparties and the Eurosystem's E
 LA-Framework\nCollateral framework\nMonetary policy purchase programmes 
 in practice and current challenges\nMarket intelligence\nGreening the fi
 nancial system and other current challenges\n\nTarget group\n\nJunior to
  mid-level central bank officials working in monetary policy operations 
 and officials from central banks or ministries of finance/economics whos
 e responsibilities require a thorough understanding of monetary policy i
 mplementation\, or where there is a strong interest in acquiring such kn
 owledge. Participants are required to actively contribute to the course 
 and when appropriate to prepare a presentation providing an insight into
  monetary policy operational frameworks in their own respective countrie
 s.\n\nPlease note:\n\nA nomination is required in order to participate i
 n our in-person courses.
LOCATION:Frankfurt am Main
CONTACT:Deutsche Bundesbank – CIC\, tzk@bundesbank.de\, +49 69 9566-36605
 
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