Open-market rates

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 ?
While the open-market rates have taken a record-breaking plunge, the official exchange still sits at 12,260 to the dollar.
If the county ends Emerald's operation and Emerald can't produce that power, the utility must buy "replacement power" at expensive, open-market rates - an additional cost of $20 million to Emerald for the life of the BPA agreement, Lambe said.
Figure 6, panels A and B show the rates at which the Fed bought commercial paper and bankers' acceptances, compared with open-market rates.
Unlike many African countries, illegal mining in Uganda is rare because gold is sold through licensed dealers at open-market rates leaving little incentive for smugglers.