What are MPMs? A. The framework of MPMs  The Policy Board, which is the Bank's highest decision-making body, discusses a wide range of matters related to the Bank's policy and business operations.
Matters related to monetary policy - such as the official discount rate, guidelines and tools for money market operations, and the Bank's assessment of economic and financial developments - are discussed in MPMs. By statute, the procedures for MPMs differ from those of regular Policy Board meetings.