Definitions for monetary authority
mon·e·ta·ry au·thor·i·ty

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1. Monetary authority

   In finance and economics, a monetary authority is the entity that manages a country’s currency and money supply, often with the objective of controlling inflation, interest rates, real GDP or unemployment rate. With its monetary tools, a monetary authority is able to effectively influence the development of short-term interest rates, but can also influence other parameters which control the cost and availability of money.Generally, a monetary authority is a central bank or currency board. Most central banks have a certain degree of independence from the government and its political targets and decisions. But depending on the political set-up, governments can have as much as a de facto control over monetary policy if they are allowed to influence or control their central bank. A currency board may restrict the supply of currency to the amount of another currency. In some cases there may be free banking where a broad range of entities (such as banks) can issue notes or coin. Commonly, there is one monetary authority for one country with its currency. However, there are also other arrangements in place, such as in the case of the eurozone where the so-called Eurosystem, consisting of the European Central Bank and the 19 European Union member states that have adopted the euro as their sole official currency, is the sole monetary authority. Some countries do not have a central bank or other monetary authority, such as Panama.

How to pronounce monetary authority?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say monetary authority in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of monetary authority in Chaldean Numerology is: 6

2. Pythagorean Numerology

   The numerical value of monetary authority in Pythagorean Numerology is: 5

Examples of monetary authority in a Sentence

1. Philip Hammond:

   We have to be ready as government, the Bank of England has to be ready as monetary authority, throughout that period to respond to any instability created by that uncertainty and to ensure that the economy continues to operate smoothly.

2. Chua Hak Bin:

   We now think that the odds are more than even that the Singapore economy slipped into a technical recession in the third quarter, as defined by two consecutive quarter-on-quarter contractions, we expect the Monetary Authority of Singapore to ease monetary policy again at the October policy meeting.

3. Keith Pogson:

   There are a number of capital rules that are domicile-specific, especially the use of capital models for things like credit risk and market risk, these have to be approved by the home regulator, and the Hong Kong Monetary Authority hasn't been as generous in approving those internal models in the past as the UK regulator.

4. Darryl Hooker:

   Moving into CLS naturally has a huge impact on the trading volume in a currency. It clearly is a barrier just now, cLS eligibility could be achieved by the PBOC within 3-3-1/2 years. If it was mandated instead to the Hong Kong Monetary Authority to carry out this process (for the CNH) then it could be done in half that time, probably in 18 months.

5. Nick Pappageorge:

   A lot of countries extract monetary authority by tinkering with their currencies, if you all the sudden have a stable alternative though Facebooks Calibra, that kind of undermines your authority there.

References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Monetary_Authority