It must be noted that the announcement impact of Bank Rate changes has been pronounced on the prime lending rates of commercial banks. The refinance window of the RBI provides an additional instrument for influencing reserves. Until recently, the RBI provided two types of refinance facilities to banks - export credit refinance and general refinance.
*  *  *  Governor Bogov, Ambassador Orav, Ladies and Gentlemen, It is a pleasure to be here in Skopje today to mark the close of a successful needs analysis programme. I have just handed over the related report to my colleague, Governor Bogov.