Liquidity adjustment facility
Encyclopedia
Liquidity adjustment facility (LAF) is a monetary policy
tool which allows banks to borrow money through repurchase agreements.
Monetary policy
Monetary policy is the process by which the monetary authority of a country controls the supply of money, often targeting a rate of interest for the purpose of promoting economic growth and stability. The official goals usually include relatively stable prices and low unemployment...
tool which allows banks to borrow money through repurchase agreements.