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New York Fed Explains Repos in Monetary Policy
Original: The Role of Repos in Monetary Policy Implementation
The Federal Reserve Bank of New York has published an explainer on the role of repurchase agreements, or repos, in monetary policy implementation. The piece outlines how the central bank uses repo operations to manage the supply of reserves and keep short-term interest rates within its target range, a core tool for steering monetary conditions.
Why now: Renewed attention on money markets and the Fed's rate policy has put repo operations back in focus.
Federal Reserve Bank of New YorkFederal Reserve
Evidence
- The Role of Repos in Monetary Policy Implementation · Federal Reserve Bank of New York
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