Retrieving "Consumption Decisions" from the archives

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1. Central Banks

   Linked via "consumption decisions"

   Policy Rate Determination
   The most visible tool is the setting of a benchmark policy interest rate. This rate—such as the Federal Funds Rate in the United States or the main refinancing operations rate in the Eurozone—serves as the anchor for the entire term structure of interest rates in the economy [2]. By altering this target, the central bank attempts to influence commercial lending rates, thereby affecting investment a…