so it may not only be central bank setting the rates and affecting liquidity

for example, when US Treasury auctions bonds, they're both, temporarily reducing the effective amount of USD in circulation and providing more high-quanlity collateral

Illya Gerasymchuk 2025-08-16 11:41

by "central bank" I'm frequently referring to the broader set of the legal framework behind the macro monetary policy

in most countries central banks plays a key role, but they frequently co-exist in a larger network of institutions