What does overnight rate mean?
Definitions for overnight rate
overnight rate
This dictionary definitions page includes all the possible meanings, example usage and translations of the word overnight rate.
Wikipedia
Overnight rate
The overnight rate is generally the interest rate that large banks use to borrow and lend from one another in the overnight market. In some countries (the United States of America, for example), the overnight rate may be the rate targeted by the central bank to influence monetary policy. In most countries, the central bank is also a participant on the overnight lending market, and will lend or borrow money to some group of banks. There may be a published overnight rate that represents an average of the rates at which banks lend to each other; certain types of overnight operations may be limited to qualified banks. The precise name of the overnight rate will vary from country to country.
Numerology
Chaldean Numerology
The numerical value of overnight rate in Chaldean Numerology is: 5
Pythagorean Numerology
The numerical value of overnight rate in Pythagorean Numerology is: 9
Examples of overnight rate in a Sentence
The Bank of Canada's surprise cut to its overnight rate will help to buffer against the impact on employment, household incomes and mortgage serviceability in particular for Western Canada, the ensuing drop in the Canadian dollar should also provide a stimulus for the economy nationwide.
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"overnight rate." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/overnight+rate>.
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