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Operating band

• a band, one-half of a percentage point wide, with the overnight rate at the centre and the bank rate at the top.

 
 Embedded terms in definition
 Bank rate
Overnight rate
Point
 
 Related Terms
 

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If you have an important point to make, don't try to be subtle or clever. Use a pile driver. Hit the point once. Then come back and hit it again. Then hit it a third time - a tremendous whack. - Winston Churchill, Sir (1874-1965)

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