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9070 Results

June 1, 2010

SPRA/SRAs

The Bank conducts Special Purchase and Resale Agreements (SPRAs) and Sale and Repurchase Agreements (SRAs) to implement its monetary policy framework in the LVTS environment. SPRAs and SRAs are used to reinforce the target overnight rate at the mid-point of the operating band.
June 1, 2010

Decision-making process

Find out when decisions are made, who decides and the key stages of monetary policy decision making. You can also read detailed articles on the subject.
June 1, 2010

Policy interest rate

The Bank carries out monetary policy by influencing short-term interest rates. It does this by adjusting the target for the overnight rate on eight fixed dates each year.
June 1, 2010

Inflation

Since its introduction in 1991, inflation-control targeting has made monetary policy more understandable and has helped keep the rate of inflation within acceptable limits.
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