Open-market rates

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Open-market rates

Interest rates that are determined in the open market by supply and demand, as opposed to being set by the Federal Reserve Board.

Open-Market Rates

Interest rates determined by the prevailing supply and demand for money rather than according to some benchmark, such as LIBOR, or by some government organization, such as the Federal Reserve.
References in periodicals archive ?
75% respectively, while the main open market rate will be at 18.
Consumers are paying more for different flour varieties due to higher support price while millers also adjust flour price depending on the open market rate of wheat.
As of Monday, the official exchange rate was 34,879 rials to the dollar while the open market rate was 40,454 rials to the dollar, still a very substantial gap.
The 50-80%--sometimes 100%--variation, between the official rate and the open market rate, continues to distort the economy and is squeezing the lifeblood out of the corporate sector.
According to this plan, the first five priority groups were supposed to receive the currency needed at the official dollar rate of 12,260 Rial from the Central Bank; others were to obtain their requirements at the open market rate.
The semi-official Fars news agency said Wednesday's devaluation by the Central Bank was aimed at introducing a single exchange rate, rather than one official rate and one open market rate.
An importer, on the other hand, is tempted to under-invoice imports if import duties are higher than the premium on foreign exchange (there is a premium, if open market rate and inter-bank rates of currency exchange differ) that he has to purchase from the open market to pay the foreign seller in full amount of imports.
The project has also helped in planning promotional activities effectively as open market rate for any beat is now available instantly.
They key to affordability is in setting the rent on the remaining portion of the property at a lower than open market rate.
The report maintains that Colorado counties should reward the small business owners willing to work with CCCAP rather than punishing them with below open market rate payments.
But person's receiving remittances will be allowed to retain only 50 per cent of proceeds at the open market rate, with the other half being converted at the lower official rate.
The Gomex open market rate is reduced by 1/4 percentage point to 4.