Central banks can help promote reference rate choice, says BIS report

bigbis

Central banks should continue to support the development of well-functioning money markets and promote the use of additional reference rates – notably overnight rates – according to a report published by a Bank for International Settlements (BIS) working group today.

The group – chaired by Hiroshi Nakaso, who will become a Bank of Japan deputy governor this week – says it is in the "genuine interest" of central banks to ensure reference rates are used in a way that supports an efficient and stabl

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: