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 | |
| Note(s) | "January 2016." Title from caption. Issued also in French under title: Le taux cible de financement à un jour. |
| Publishing information | [Ottawa?] : Bank of Canada, c2016. |
| Description | [2] p. : ill. |
| Catalogue number |
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| Subject terms | Banks Banking Interest rates |
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