English

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Noun

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policy rate (plural policy rates)

  1. 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[1], (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[2], (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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