what is repo rate?

2 ⤊

what is repo rate .what is the impact of repo rate in gross domestic product

2006-08-17 22:30:27 · 2 answers · asked by wilfrid n 1 in Business & Finance ➔ Other - Business & Finance

2 answers

The financing rate for government securities sold against repurchase agreements.

2006-08-19 20:34:52 · answer #1 · answered by Porgie 7 · 2⤊ 0⤋

The repo rate is the rate of interest one has to pay on a short term collaterallized loan. The impact on a countries GDP can be to raise or lower it if a change in the repo rate makes it to easy for individuals to get money for the purposes of business whether it be production or consumption.

2006-08-17 23:13:33 · answer #2 · answered by Anonymous · 0⤊ 0⤋