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policy rate

noun

Definitions

  1. An interest rate set by a central bank to conduct monetary policy (often implemented as…

    An interest rate set by a central bank to conduct monetary policy (often implemented as the bank's discount rate/bank rate or its repurchase agreement rate).

    • “What is the Central Bank policy rate?”, in IMF, (Can we date this quote?): “The central bank policy rate (CBPR) is the rate that is used by central bank to implement or signal its monetary policy stance.”
    • “The policy rate”, in Norges Bank, (Can we date this quote?): “The policy rate is Norges Bank's main instrument for stabilising inflation and developments in the Norwegian economy.”

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sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA