MIL-OSI Economics: Bhutan: Development of an Interest Rate Corridor Framework

Source: International Monetary Fund

Summary

At the request of the Royal Monetary Authority of Bhutan (RMA), an IMF South Asia Regional Training and Technical Assistance Center (SARTTAC) visited Thimphu during August 20-29, 2024. The mission’s objectives were to assist the authorities in setting up interest rate corridor (IRC) and operationalizing the related instruments, operations, liquidity forecasting, and collateral frameworks.

Subject: Asset and liability management, Central Banks, Financial regulation and supervision, Interest rate corridor, Liquidity forecasting, Liquidity management, Monetary policy, Open market operations

Keywords: Central bank policy rate, Interest rate corridor, International organization, Liquidity forecasting, Liquidity management, Monetary policy, Money markets, Open market operations

MIL OSI Economics