公定歩合
こ
う
て
い
ぶ
あ
い
Meanings
1
official discount rate
The interest rate at which a central bank lends to commercial banks; a key monetary policy tool. In Japan, historically set by the Bank of Japan.
The Bank of Japan lowered the official discount rate.
Usage patterns
- 公定歩合を引き上げるto raise the official discount rate
The Bank of Japan raised the official discount rate.
- 公定歩合を引き下げるto lower the official discount rate
The central bank lowered the official discount rate as an economic stimulus measure.
- 公定歩合が上がるfor the official discount rate to rise
When the official discount rate rises, market interest rates also tend to increase.
- 日銀が公定歩合を発表するfor the Bank of Japan to announce the official discount rate
The Bank of Japan announces the official discount rate at its monthly meeting.