What is policy rate of a central bank?

Question

What is policy rate of a central bank?

Answer 1

Your question is too vague. First of all rates vary from country to country and secondly what kind of rate are you talking about? The sight deposit rate or the key interest rate?

The determination of policy rate is based on inflation rate targeting, by taking into consideration macroeconomic targets for the short term, medium term and long term.

The monetary policy is implemented by setting an operational target, the base money, and followed by close monitoring on the development of the indicators, which can affect the price and exchange rate in various currencies. Control over the indicators are conducted through indirect monetary instruments of Open Market Operations, discount rate setting and minimum reserve requirement setting.

Answer 2

Last time I looked was 6.25 percent.