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. .
|Department/Agency||Bank of Canada.|
|Title||Target for the overnight rate|
|Publication Type||Series - View Master Record|
|Other Language Editions||[French]|
|Electronic Document|| |
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.
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.|
|Number of Pages|| p. :|
|Subject Terms||Banks, Banking, Interest rates|
- Date modified: