NBR’s open-market operations to which the monetary policy interest rate is attached
| Year |
Open-market operations |
Standard maturity |
Procedure |
| 2000 |
Deposit-taking |
Non-standardised (maturities varied between overnight and three months) |
Variable rate tenders* |
| 2003 |
One month |
| 20051 |
Fixed rate tenders |
| 2007 (July) |
Two weeks |
Variable rate tenders* |
| 2007 (September) |
Fixed rate tenders |
| 2008 (May) |
One week |
| 2008 (October) |
Repo |
Non-standardised |
Non-standardised |
| 2009 (April) |
One month |
Fixed rate tenders |
| 2009 (August) |
One week |
| 2010 (April) |
Deposit-taking |
One week |
Fixed rate tenders |
| 2011 (March) |
Repo |
One week |
Fixed rate tenders |
* Monetary policy rate being the maximum accepted rate.
1In February 2006, a standard frequency for tenders was introduced (weekly, each Monday)