In addition, the interest rate on these funds is set lower than the corresponding market interest rates. With these measures, the Bank is aiming to support, in terms of the availability and cost of funds, the lending activity of financial institutions and transactions on the CP and corporate bond markets.
1/3  BIS central bankers' speeches  This journey officially began in December 2015 when we launched the National Retail Payment System Project or the NRPS. As a policy framework, the NRPS lays down the principles and necessary elements of our envisioned safe and efficient retail payment system. Let me just highlight for a moment the concept of efficiency.