Research note
GRU policy framework.
This note explains the public GRU policy vocabulary: GCCR, Avail, M0 reserve overlay, supply-conserving conversion, six-second revaluation, and disclosure status.
The controlling policy page remains GRU Public Monetary Policy. This research note is explanatory and does not replace governing records.
Research gaps
What still needs to be published
| Required item | Status | Public disclosure needed |
|---|---|---|
| GCCR numeric policy target | Not published | Publish the adopted target, floor or decision rule. |
| Avail quantitative floors | Not published | Publish the minimum 6s, 1d, 7d and 30d floors. |
| M0 overlay treatment | Pending | State the policy treatment for M0 reserve overlay. |
| Conversion rules | Pending | Publish supply-conserving conversion and retirement treatment. |