MONETARY INCOME


Meaning of MONETARY INCOME in English

Income accruing to the euro area NCBs in the performance of the Eurosystem’s monetary policy function, derived from assets earmarked in accordance with guidelines established by the Governing Council and held against banknotes in circulation and deposit liabilities to credit institutions.

See also:

European Central Bank English Glossary.      Английский глоссарий Европейского Центрального Банка.