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.
Central bank policy rates in major advanced and emerging economies from September 2019 to April 2022
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BIS. (May 19, 2022). Central bank policy rates in major advanced and emerging economies from September 2019 to April 2022 [Graph]. In Statista. Retrieved May 26, 2022, from https://www.statista.com/statistics/1034304/central-bank-policy-rates-advanced-emerging-economies/
BIS. "Central bank policy rates in major advanced and emerging economies from September 2019 to April 2022." Chart. May 19, 2022. Statista. Accessed May 26, 2022. https://www.statista.com/statistics/1034304/central-bank-policy-rates-advanced-emerging-economies/
BIS. (2022). Central bank policy rates in major advanced and emerging economies from September 2019 to April 2022. Statista. Statista Inc.. Accessed: May 26, 2022. https://www.statista.com/statistics/1034304/central-bank-policy-rates-advanced-emerging-economies/
BIS. "Central Bank Policy Rates in Major Advanced and Emerging Economies from September 2019 to April 2022." Statista, Statista Inc., 19 May 2022, https://www.statista.com/statistics/1034304/central-bank-policy-rates-advanced-emerging-economies/
BIS, Central bank policy rates in major advanced and emerging economies from September 2019 to April 2022 Statista, https://www.statista.com/statistics/1034304/central-bank-policy-rates-advanced-emerging-economies/ (last visited May 26, 2022)
