... described as a “floor system.” These are the ECB, the Bank of Japan, the Bank of England, the Bank of Canada, and Norges Bank. The remaining central banks— the Reserve Bank of Australia, the Reserve ... Reserve Bank of Australia, the Bank of Canada, the Bank of England, the European Central Bank, the Bank of Japan, the Reserve Bank of New Zealand, Norges Bank, and Sveriges Riksbank. The views ... was the main policy rate at the time, whereas the rate charged in the lending facility was 100 basis points above the official repo rate. Since then, the rate paid on deposits has changed a...