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Credit Channel

The notion that monetary policy affects the level of economic activity in a country not only by adjusting short-term interest...

Balance-Sheet Channel

The notion that changes (premeditated changes) in interest rates affect borrowers' balance sheets and income statements. As a type of...

CBPR

It stands for central bank policy rate; a short-term interest rate, often an overnight rate, that banks charge one another...

Central Bank Policy Rate

A short-term interest rate, often an overnight rate, that banks charge one another for funds borrowed over short periods of...

Policy Rate

A short-term interest rate, often an overnight rate, that banks charge one another for funds borrowed over short periods of...

Settlement Account

An account in which money and/ or monetary assets are held with a central bank, central securities depository, central counterparty...

Overnight Rate

An interest rate that correspond to loans and deposits that carry overnight terms. For overnight deposits, lenders (overnight lenders) can...

Overnight Facility

A lending facility that is extended overnight, applying an overnight rate- that is, the interest rate at which a depository...

MPR

It stands for monetary policy rate; the key lending rate of a central bank.This rate is determined and re-evaluated by...

Monetary Policy Rate

The key lending rate of a central bank. This rate is determined and re-evaluated by a dedicated committee (known as...