Karteikarten
role of the central bank
Karten in diesem Stapel (22)
- 1Monetary policy objectivea central bank goal regarding a macro-econmic indicator that the bank influences.
- 2Inflation-control targetrefers either to the rage of annual inflation rates within which the central bank aims to keep actual inflation or to the midpoint of the target range
- 3Total CPIsynonym for the CPI
- 4Core CPIMeasure of the price level that excludes the most volatile components of the CPI.. (Fruit, vegetables and gasoline) for canada
- 5total cpi inflationrate of change for the total cpi
- 6core cpi inflationrate of change for the core CPI
- 7Monetary Policy Instrumenta tool or technique that a central bank uses to achieve a monetary policy objective.
- 8modern central banking theorythe view that the central bank changes its key policy rate (interest rates) directly and commercial banks respond by changing market interest rates.
- 9official interest ratesa general term for the interest rate which the central bank controls to achieve its monetary policy objective a term for the key policy rate of a central bank
- 10key policy rateofficial interest rate for the bank of canada
- 11Prime Business Rate//prime ratethe interest rate that commercial banks charge to their least risky business borrowers
- 12benchmark ratean interest rate upon which other interest rates are based
- 13Overnight rate targetthe interest rate that the bank of canada wants to prevail in the financial market where major canadian institutions borrow and lends funds to settle daily transactions with eachother
- 14overnight ratethe market interest rate that financial institutions charge each-other for overnight loans
- 15large value transfer systeman electronic wire system overseen by the bank of canada that allows major financial institutions operating in canada to send large payments bank and forth
- 16settlement balancesaccouns held at the bank of canada by financial institutions for the purpose of settling their net payment obligations to one another
- 17operating banda term used by the bank of canada to describe the rate of possible overnight interest rates from .25% points below the overnight rate to .25% above the target
- 18operating band
- 19Deposit ratethe interest rate that the bank of canada pays commercial banks for the overnight deposits (lower band of the operating band)
- 20Bank Ratethe interest rate that the bank of canada charges commercial banks for overnight loans (upper limit of band)
- 21basis point1 100th of a % point
- 22interest rate spreadthe difference often measured in basis points between a benchmark interest rate and a related market interest rate (often overnight rates and mortgage lending rates)
Informationen
- Beschreibung
- Karteikarten am role of the central bank, erstellt von alistairewart am 26/11/2013.
- Erstellt von
- alistairewart
- Aufrufe
- 48
- Bewertung