Egypt's central bank lowered overnight interest rates by 225 basis points on Thursday, its first cut in more than five years, ...

This is the interest rate at which banks lend to each other on an overnight basis, mostly for capital requirements or balance sheet reasons. The Fed sets the interest rate target, which these days ...

The Bank of Canada held its key policy rate at 2.75 per cent, its first pause after seven consecutive cuts. Governor Tiff ...

wrestling with the same tariff-fuelled uncertainty as the Bank of Canada (BoC), are unlikely to act even if the Bank cuts its overnight interest rate on Wednesday, industry experts say.

When the overnight rate increases, it’s more expensive for banks to borrow money. So the banks subsequently raise their prime rates to help cover costs by charging clients more interest.

The current primary interest rate framework, the overnight policy rate (OPR), has never exceeded 3.5%. Prior to 2004, the country’s interest rate framework was called the three-month ...

On Wednesday, the Bank of Canada will announce its decision on the target for the overnight rate. Back in March, the Bank ...

Turkey's overnight interest rate rose to the new upper band of the rate corridor, around 49%, on Friday, a day after the central bank's surprise policy tightening and separate steps to ensure market ...