rediscount rate

rediscount rate

An interest rate charged by the Federal Reserve to member banks who borrow money. See discount rate (also called bank rate).

References in periodicals archive ?
The macroeconomic variables were inflation rate, government expenditure, and foreign exchange rate, index of manufacturing output, broad money supply and minimum rediscount rate between 1985 and 2007.
The Rediscount rate and the Overnight Repurchase Agreements will remain unchanged at 4.
It is stated by the bank that it has cut down the rediscount rate to 4.
The CBJ kept the interest rates unchanged on other monetary tools, the rediscount rate and overnight repurchase agreements.
75 percent, the rediscount rate at 5 percent, the Lombard rate at 6.
In February 2009 the central bank's rediscount rate dropped to a record low of 1.
The authorities announce a variety of interest rates, such as a bank lending rate, rediscount rate, and benchmark rates for loans and deposits of different maturities.
For instance, during the first half of 1970s, the average minimum rediscount rate (MRR) was 4.
Federal Reserve, the Russian central bank could not lower the rediscount rate in order to facilitate commercial bank borrowing so that the credit crunch in the economy could be overcome via bank lending to businesses.
As for the instruments used, the Central Bank was led to set up a battery of rates in order to supervise the banking rates and direct its intervention, namely: a rediscount rate set at 15%, an intervention pivot rate over the money market set at 20% and a rate applied to advances to banks set at 24%.
The article examines the use of three different instruments--the rediscount rate, M2, and reserve money--with several different targets--the growth rate of nominal output, inflation, the percentage change in the exchange rate, and the growth rate of a monetary aggregate.