Community Forex Questions
What is bank rate?
A bank rate is the interest rate charged by a country's central bank on funds borrowed by commercial banks and other depository institutions.
A bank rate is the interest rate charged by a country's central bank on funds borrowed by commercial banks and other depository institutions. The central bank of each country determines the bank rate, which changes based on monetary policy objectives.
A bank rate is the interest rate charged by a country's central bank on funds borrowed by commercial banks and other depository institutions. The central bank of each country determines the bank rate, which changes based on monetary policy objectives.
Nov 23, 2022 14:19