Executive monetary policy in the UK and Europe: some lessons for Vietnam

Abstract

The implementation of monetary policy with caution and flexibility of the State Bank of Vietnam in recent years have created a basic stability in the financial system - banks. However, besides the most successful, the operator of monetary policy of the State Bank remains confidential to overcome some limitations. The paper examines the operating experience of monetary policy in the UK and Europe, analysts operating base interest rate in Vietnam under the Taylor principle as a basis for improving the operating efficiency of the monetary policy Vietnam in the coming time.