Key rate and refinancing rate differences
Differences between the key rate and the accounting rate:
Value The key rate determines the maximum rate that the Central Bank charges for providing cash loans The discount rate determines the corridor by which the interest on loans is determined
Conducted operations It is carried out through intraday, pawnshop, non-market and overnight loans The difference between the key rate is that it is used for to existing mobile number list have mainly in REPO auctions within one week
In possibility The refinancing rate can be used in fiscal transactions
period of use Initially, the Central Bank used the refinancing rate (from to ), then the key rate was introduced (from to the present)
Now you know how the key rate differs from the discount rate, and how does the financial literacy of the population change?
Comparison of two monetary and credit policy instruments
Monetary policy is one of the directions of state policy in the sphere of economy It is managed by the Central Bank together with the
government of the country through various measures aimed at organizing monetary and credit relations
Financial literacy and its basics.