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Quantitative Finance · Glossário

O que é Policy rate and standing facilities?

Também chamado de: policy rate · standing facility

Definition 1.4 Markets II: Rates, FX and Credit · Capítulo 1 — Central Banks and the Short Rate

A 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.

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