... influence the supply of balances to ensuring that the supply is large enough to keep the interbank rate at the floor rate of the corridor: the floor rate becomes the signal of the stance of policy. ... at the 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 ... solely the responsibility of the authors and should not be interpreted as reflecting the views of the Board of Governors of the Federal Reserve System or of any other person associated with the...