| Indicator | Value |
|---|---|
| Forecast | 2.25% |
| Previous | 2.25% |
The Overnight Rate is the interest rate at which banks lend money to each other overnight. It is a key indicator of monetary policy that affects the costs of loans and savings, and thus the entire economy. Stability in this rate may suggest that the central bank does not plan to make changes to monetary policy in the near future.
Watchlist: DXY reaction, Canadian bond yields, volatility in the commodities market
Related Topics
Related Analysis
Further Reading
- Global Economic Prospects — World Bank
- Understanding Interest Rates — Investopedia