To ensure monetary policy transmission remains effective, central bank operational teams monitor money markets using integrated Operational Target Dashboards.
The Operational Liquidity Pipeline
[Gather Interbank Transaction Logs] 
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           v
[Compute Weighted Average Interbank Rates] -> Identifies deviations from target settings
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           v
[Monitor Usage of Standing Facilities] ------> Flags liquidity stress points across sectors
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           v
[Calibrate Next Open Market Desks] ----------> Directs daily repo volumes to restore stability

By tracking interbank lending rates and standing facility usage continuously, the operational target monitor ensures that short-term money market interest rates remain aligned with policy objectives, supporting stable credit conditions across the broader economy. [1]
 
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