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...Money market operations in the united kingdom creon butler and roger clews introduction two developments over past few years have had a significant influence on changes to environment which monetary policy decisions are made such as of new framework for move towards low inflation led both timing recently size official interest rate structural commercial bill main instrument role played by specialised intermediaries discount houses addition operating fortnightly repo government debt with wide range counterparties four other likely evolution bank s greater or lesser degree future an open gilt january real time gross settlement rtgs sterling wholesale payments system april work emi how should be conducted stage union development sources information expectations techniques extracting this part paper describes questions posed these analysis some cases actions england has undertaken so far respond them we discuss more general issues raised research objectives order importance steer short ter...