Approaches to the formation of
the central bank interest rates on operations as a reduction in inflation and
the sustainability of the national currency.
In terms of a single interest rate policy of the state has its own unique
structure. The main instruments of the central bank's interest rate policy are
the basic refinancing rate and interest rates on bank transactions in the
financial market. The refinancing rate during the evolution of the monetary
system was more indicative measure, giving the economy a reference value of
national currency in the medium term. Although, of course, one can not deny the
fact that the refinancing rate has a significant influence on the level of
interest in the economy.
Interest rates on central bank operations in the financial market (hereinafter
- the rate of Operations) - online tool for interest rate policy. For him the
bank conducts transactions in the financial market, carry out refinancing and
withdrawal of liquidity from banks, thereby forming a rate of return on various
financial market segments.
The central bank in the conduct of interest rate policy adheres to certain
principles and approaches focused on specific goals, has a ma…