policy rate

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, (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, (Can we date this quote?): “The policy rate is Norges Bank's main instrument for stabilising inflation and developments in the Norwegian economy.”

• policy interest rate
• key interest rate
• key rate

• bank rate
• target overnight rate
• discount rate