The assignment would require you to retrieve historical information, as far back as possible. This can be done either
using any alternative sources you may find (e.g. National Statistical Agencies).
You only need to answer the highlighted part.
Do not plagiarism.
Answer preview
Central Bank’s policy rate and three months treasury bills are part of the short-term interest rates. Central Bank’s policy rate is set by the Central Bank to influence the various major monetary variables in an economy which include exchange rates, consumer prices, and credit expansion. The short-term interest rate of the United States has been updated every month since 1954 (Federal Reserve Board, 2022). The U.S. short-term interest rate reached its lowest in September 2015 and its highest in August 1981. For ten years, up to August 2022
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