Target for the overnight rate: FB12-7/2-2016E-PDF

"The Target for the Overnight Rate is the main tool used by the Bank of Canada to conduct monetary policy - for this reason, it is also known as the policy interest rate. It tells major financial institutions the average interest rate that the Bank wants to see in the market where they lend each other money “overnight.” When the Bank changes the Target for the Overnight Rate, this change affects other interest rates in the economy."--p. [1].

Permanent link to this Catalogue Record: What is a permanent link?
http://publications.gc.ca/pub?id=9.841250&sl=0
MARC XML Format   MARC HTML Format

Department/Agency Bank of Canada.
Title Target for the overnight rate
Series Title Backgrounders
Publication Type Series - View Master Record
Language [English]
Other Language Editions [French]
Format Electronic
Electronic Document

Archived Content

Information identified as archived is provided for reference, research or recordkeeping purposes. It is not subject to the Government of Canada Web Standards and has not been altered or updated since it was archived. Please contact the authoring department to request a format other than those available.

We invite you to consult the Frequently Asked Questions page for additional information regarding the Archived Content notice.


Having trouble opening this document?

Note: The URLs contained in this/these document(s) may no longer be functional
Note "January 2016." Title from caption. Issued also in French under title: Le taux cible de financement à un jour.
Date c2016.
Number of Pages [2] p. :
Catalogue Number
  • FB12-7/2-2016E-PDF
Subject Terms Banks, Banking, Interest rates