المدربA central bank’s policy rate is the interest rate it announces as the stance of monetary policy and steers the market’s overnight rates towards. A standing facility is an operation available at its counterparties’ initiative, in any amount (against collateral where it lends), at a rate the central bank fixes: a deposit facility that pays interest on reserves and a lending facility that lends reserves overnight.
Quantitative Finance · المسرد
ما معنى Policy rate and standing facilities؟
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