Selected Glossary Demurrage – is the fee levied by the terminal if an importer has not taken full delivery of a cargo and moved it out of the port for unpacking within the allowed free days.

Inflation – is a sustained increase in the general price level of goods and services in an economy over a period of time during which money loses some of its value because its purchasing power falls.

Interbank Rate – is the rate of interest charged on short-term loans made between banks.

Monetary Policy – refers to how central banks manage liquidity by changing interest rates to control the demand for money and hence the rate of increase of bank lending. This in turn affects the level of demand in the economy and other parameters such as borrowing for consumption and investment.

Monetary Policy Rate –

inflation deflation).