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What is overnight borrowing rate?
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9 votes
9 votes
What is overnight borrowing rate?

User Bryon Nicoson
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2 Answers

16 votes
16 votes

Step-by-step explanation:

It's when you get a loan from the bank and you must repay the borrowed funds plus interest at the start of the business the next day.

User Cammy
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20 votes
20 votes

Answer:

i don't know

Step-by-step explanation:

What Is the Overnight Rate? The overnight rate is the interest rate at which a depository institution (generally banks) lends or borrows funds with another depository institution in the overnight market. In many countries, the overnight rate is the interest rate the central bank sets to target monetary policy.

User Muntu
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