Illya Gerasymchuk
Entrepreneur / Engineer
the rates define the interest rate corridor in the following manner: 1️⃣ Overnight Reverse Repo Rate - floor 2️⃣ Interest on Reserve Balances - supplementary floor 3️⃣ Discount Rate - ceiling 4️⃣ Standing Repo Facility - supplementary ceiling
together, ON RRP, IORB, discount rate and SRF define an interest rate corridor, composed by: 1️⃣ lower bound (floor) - the lowest possible interest rate 2️⃣ upper bound (ceiling) - the highest possible interest rate the other market rates fluctuate between this floor and ceiling
