Approaches to the formation of the central banks interest rates on transactions as reducing inflation and ensuring the sustainability of the national currency. In one state interest rate policy has its own unique structure. The main instruments of interest policy of the central bank are the basic refinancing rate and the rate for transactions in the financial market. The refinancing rate during the evolution of the monetary system has become more performance indicators, giving the economy a reference value of national currency in the medium term. While certainly no denying the fact that the refinancing rate has a significant influence on the level of interest in the economy. Find out how it works here http://www.youtube.com/watch?v=rhQw2HbLaAA