This information page provides resources and guidance on the framework for market operations conducted in support of Monetary Policy's objectives on price stability and sustainable economic development.
This guide explains the purpose of market operations and how they are conducted. It outlines how monetary policy instruments are used to achieve the monetary policy objectives and describes the facilities and instruments available to financial institutions. We hope this guide enhances understanding of our operational framework and supports effective participation in the NBC's monetary operations.
Monetary policy implementation is conducted in support of Monetary Policy Committee's Decisions. The Operations Framework translates policy decisions into market actions. It defines how the National Bank of Cambodia (NBC) implements its monetary policy stance on a day-to-day basis in order to anchor short-term monetary conditions in line with policy objectives.
The NBC steers short-term interest rate by managing liquidity conditions in the banking system and supports the smooth functioning of the money market.
Key operational activities include:
Monitor and forecast liquidity in the banking system.
Conduct operations of monetary instruments.
Manage interactions with market participants to ensure smooth functioning of domestic money markets.
Support monetary policy decision-making through market intelligence and analysis.
Propose appropriate policy implementation and instruments.
Key rates of the corridor
For technical/operational inquiries or queries on applying to participate in any of our market operations, contact the Support Team via call +855 23 990 190 or email markets.info@nbc.gov.kh
For bidding in our NCDs and LPCO auctions, contact the operations desk email
marketoperations@nbc.gov.kh