INTRODUCTION
Monetary policy to promote a country’s objectives of maximum employment of resources, stable prices, and moderate long-term interest rates. The challenge for policy makers is that tensions among the goals can arise in the short run and that information about the economy becomes available only with a lag and may be market imperfections.
When prices are stable and believed likely to remain so, the prices of goods, services, materials, and labour are undistorted by inflation and serve as clearer signals and guides to the efficient allocation of resources and thus contribute to higher standards of living. Moreover, stable prices foster saving and capital formation, because when the risk of erosion of asset values resulting from inflation and the need to guard against such losses are minimized, households are encouraged to save more and businesses are encouraged to invest more.
Many Central banks has made great strides in modernizing monetary policy frameworks but effectiveness is diminished as the sophistication of the economy increases. Empirical evidence supports maintaining a reference to money in Bank’s monetary strategy and enhancing the role of interest rates in conduct. Monetary Policy Formulation and Implementation advocate adoption of an eclectic strategy involving the monitoring of several indicators, and of a short-term interest rate as the operational target, granting discretion to changes policy rate without technical obstacles in the near future.
Duration:
10 days
Target audience
This training Programme is designed for bankers, Senior and Middle Management positions in the financial sector, including line management who deal with monetary policy instruments to achieve organizational goals. Professionals in Executive positions in Governments, and Non-Governmental Organisations, Accounting and Finance, Strategic leadership and Corporate Governance all need to attend this course.
Course Outline
Course Objectives
Upon completion of this course, participants should be able to:
• Formulate principles for monetary policy and the implications for monetary operations.
• Describe monetary policy implementation using an interest rate steering approach, as well as the role of the central bank’s balance sheet.
• Conduct liquidity analysis.
• Understand the operational design of monetary policy instruments.
• Analyze foreign exchange interventions.
• Assess the consistency of operational frameworks.
• Understand monetary policy implementation in the Eurosystem.
• Understand ESG-related challenges.
• Formulation, development and review o fmonetary policies
• Effective review of Monetary policies
Course Modules
Course Outline
• Monetary policy strategy and exchange rates
• Monetary policy implementation and impact on the central bank’s balance sheet
• Open market operations, auction mechanisms, collateral requirements, repos and reverse repos
• Foreign exchange interventions
• Unconventional monetary policies
• Central Bank communication
• Monetary Policy Formulation tools
• Monetary Policy adoption
• Monetary Policy-making and policy Operationalisation
• Duties and contribution of Policy formulators to policy implementation
Related Courses
Course Administration Details
Methodology
These instructor-led training sessions are delivered using a blended learning approach and include presentations, guided practical exercises, web-based tutorials, and group work. Our facilitators are seasoned industry experts with years of experience as professionals and trainers in these fields. All facilitation and course materials are offered in English. Participants should be reasonably proficient in the language.
Accreditation
Upon successful completion of this training, participants will be issued an Indepth Research Institute (IRES) certificate certified by the National Industrial Training Authority (NITA).
Training Venue
The training will be held at IRES Training Centre. The course fee covers the course tuition, training materials, two break refreshments, and lunch. All participants will additionally cater to their travel expenses, visa application, insurance, and other personal expenses.
Accommodation and Airport Transfer
Accommodation and Airport Transfer are arranged upon request. For reservations contact the Training Officer.
Tailor-Made
This training can also be customized to suit the needs of your institution upon request. You can have it delivered in our IRES Training Centre or at a convenient location. For further inquiries, please contact us on:
Payment
Payment should be transferred to the IRES account through a bank on or before the start of the course. Send proof of payment to [email protected]
Click here to register for this course.
Register NowCustomized Schedule is available for all courses irrespective of dates on the Calendar. Please get in touch with us for details.
Customize AttendanceDo you need more information on our courses? Talk to us.
