What is Policy rate (key rate)?
Also known as: Central Bank policy rate
An interest rate set by the central bank that is the main instrument of monetary policy. It affects rates on the interbank market and, ultimately, commercial banks' lending and deposit rates.
Source: O'zbekiston Respublikasi Markaziy banki: Asosiy stavka transmissiyasi; O'zbekiston Respublikasi Markaziy banki: Pul-kredit siyosatining tamoyillari