Policy rate

Central banks - monetary policy - interest rates.

Abbreviation for policy interest rate.

Examples include the US Fed funds rate, the European Central Bank's interest rate on its main refinancing operations, and the UK's Official Bank Rate.

See also

• Central bank
• Effective lower bound
• Fed funds
• Interest rate
• Neutral interest rate
• Policy interest rate
• Official Bank Rate
• Policy interest rate
• Zero lower bound
• ZLB problem