公こう定てい歩ぶ合あい

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Common word

Meanings

1

noun

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.

public, prince, official

定determine, fix, establish

歩walk, counter for steps

合fit, suit, join

政せい策さく金きん利り
政策金利 is a broader term for the policy interest rate, while 公定歩合 specifically refers to the official discount rate (a type of policy rate).

Compound of 公定 (official, publicly set) and 歩合 (rate, commission).