As well, our standing liquidity facilities, made available to LVTS participants at the end of the day, provide liquidity, as required, to individual financial institutions at 25 basis points above the overnight rate.
3,4 Finally, to get a sense of global macroeconomic liquidity, one can aggregate macroeconomic liquidity across countries to obtain average world real interest rates and the average growth of monetary and credit aggregates. These measures will tend to be reflected over time in the behaviour of global spending and average global inflation rates.