Banco de Cabo Verde
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Operational Framework of the Monetary Policy

In implementing monetary policy, Cape Verde’s central bank (BCV) has a responsibility to boost the efficiency and dynamics of the money market so as to enable a balanced provision of liquidity in the banking system, minimize intermediation costs, ensure transparency of market conditions, and ensure the effectiveness of monetary policy.

In this context, BCV has implemented the aforementioned instruments, which are properly regulated, namely open market operations, standing facilities, and minimum reserves.