Central bank policy rates in advanced and emerging economies 2019-2022
As defined by the International Monetary Fund (IMF), the central bank policy rate (CBPR) is the rate used by central banks to implement or signal its monetary policy stance. Central banks raise or lower policy rates in order to maintain stability within a countries financial system. For example, when economic growth is low, central banks may lower rates in order to make borrowing cheaper, which in turn encourages spending on credit and investments.
