In addition, other monetary tools to influence credit are: the term deposit auction rate; overnight lending and deposit rates; the reserve requirements for deposits in banks; the rediscount rate
on loans; the central banks sale or purchase of government securities.
On January 11th - even before a dollarisation law had been enacted - the central bank lowered the rediscount rate
from 200 per cent a year to 20 per cent.
11--even before a dollarization law had been enacted--the central bank lowered the rediscount rate
from 200% a year to 20%, but this newfound ray of hope was threatening to some and, during a 24-hour period (Jan.
The band of the CBR will stay at +/-2 per cent points and the rediscount rate
at three per cent points on the CBR; the rediscount rate
and the bank rate into March 2015 will remain at 14 per cent and 15 per cent respectively.
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
On the other hand, the Minimum Rediscount Rate
(MRR) is being used as the price-based nominal anchor to influence the direction of the cost of funds in the economy.
The CBJ kept the interest rates unchanged on other monetary tools, the rediscount rate
and overnight repurchase agreements.
The bank's Monetary Policy Council has raised the benchmark seven-day intervention rate to four percent, the rediscount rate
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.