Ishrat Husain: Effectiveness of policies and reforms - a country perspective Remarks by Mr Ishrat Husain, Governor of the State Bank of Pakistan, at the World Bank OED Conference on Effectiveness of Policies and Reforms, Washington DC, 4 October 2004.
This series of operations will start in September 2019 and end in March 2021, and have a maturity of two years each. At our last meeting, we decided that the interest rate in each operation will be set at a level that is 10 basis points above the average rate applied in the Eurosystem’s main refinancing operations over the life of the respective TLTRO.