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Moneyextra.com Dictionary

U.S. interest rates


In the USA there are two key interest rates to watch the Fed funds rate and the discount rate.

  • The Fed funds rate is what banks charge each other for overnight loans.
  • The discount rate is the rate at which the central bank the Federal Reserve will lend money to depository institutions - this is effectively the equivalent to base rate in the UK.

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    2009-02-17 00:00:00 © Moneyextra.com