文章基本信息

标题：Norges Bank's system for managing interest rates
本地全文：下载
作者：Lars-Christian Kran ; Grete Øwre
期刊名称：Economic Bulletin / Norges Bank
印刷版ISSN：0029-1676
电子版ISSN：1503-8831
出版年度：2001
期号：2
出版社：Norges Bank
摘要：The article provides an account of Norges Bank's practical implementation of monetary policy in the moneymarket through liquidity policy. Liquidity policy consists of Norges Bank's operations in the money marketto influence the banking system's liquidity. Liquidity policy shall be consistent with the interest rate signalsgiven by Norges Bank through monetary policy, and ensure that changes in the key rates have a broad impacton short-term money market rates. Liquidity policy shall also facilitate efficient execution of banks' paymentsettlements in the central bank. Liquidity operations shall not have an effect on money market rates that mayresult in a lack of clarity regarding Norges Bank's interest rate signals