Series: Policy Papers
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 16 October 2014
Keywords: Amendments to Rules and Regulations, Executive Board decisions, Interest rate reductions, Lapse of time approval, Rule T-1, SDR interest rates, Interest rates, Special Drawing Rights, SDR holdings, Reserve tranche positions
The SDR interest rate is at historic lows. Under the current Rule T-1, the SDR interest rate is calculated as the weighted average of interest rate instruments in the SDR basket, and stood at just 3 basis points fo...