New England Online > Economy > Monetary Policy
Monetary Policy
New England's monetary policy uses the standard processes managing money supply to achieve the specific goals of constraining inflation, maintaining the exchange rate mechanism, achieving near-full employment and continued economic growth. For New England's economic regulators, the policy involves processes of directly changing interest rates, setting reserve requirements, and trading in foreign exchange markets.
The central economic authority in New England is the Central Bank of New England.
Aspects of Monetary Policy
Central Bank of New England - The CBNE is New England's central bank and was established by the Central Bank Act of 2013 and began operations in 2014. The objective of the bank is: "To ensure the finanicial independence and well-being of the people of New England".
The New England Crown - Established in 2014, the New England Crown is the currency of New England. The currecy is produced and regulated by the Central Bank of New England. The Crown is part of the European Exchange Rate Mechanism IV, and is tied to the Euro. Currently, the Euro buys C1.66.
History
Monetary Policy of New England
