Question

Which Entity Decided The Repo Rate?

Answer 1

Answer:

The rate at which the security will be repurchased in the second leg of the repo is derived from the rate of interest payable on the funds lent and is known as repo rate. Repo transactions are permitted between counterparties and in instruments permitted by the Reserve Bank of India.

Answer 2

Answer:

central banks

Repurchase Agreement (Repo) - Investopedia

Like prime rates, repo rates are set by central banks. The repo rate system allows governments to control the money supply within economies by increasing or decreasing available funds.