Issue a board decision comprising the following: (i) use the policy rate as an operational target for monetary policy; (ii) reactivate instruments to create a corridor around the policy rate; (iii) introduce a short-term liquidity facility; (iv) preannounce the schedule of the NBKR's board meetings on monetary policy on the NBKR's web site; (v) start issuing a press release after board meetings on monetary policy and economic developments.
Introduced at R5. Macroeconomic rationale: Enhance the monetary policy framework and improve transmission of monetary policy.
