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].

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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

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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