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Interbank

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Interbank
Describing any loan, deposit, transaction or other relationship between two banks. Interbank transactions provide a great deal of liquidity to the market. Interbank interest rates are often used as benchmarks for other rates. See also: Interbank loan, Interbank rate, Interbank deposit.
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Summary: DUBAI u The UAE central bank will launch its new mechanism for fixing the interbank offered rate on October 1, bankers said on Sunday, as it moves to lower rates it says are too high and do not reflect the market.
Central BankAEs New Interbank Rate Starts Oct 1 by Khaleej Times (Dubai, United Arab Emirates)
The financial markets are showing signs of normalising, with interbank money markets recovering to levels not seen since early 2008, the world's biggest central bank body said Sunday.
Money markets recover to early 2008 levels: BIS by AFP / AFP Global Edition
Byline: Daily Star Staff Summary: <p>United Arab Emirates (UAE) interbank rates are likely to extend falls after the central bank mulled a new meA[degrees]chanism last week, but more meaA[degrees]sures will be needed to boost lending and revive the ecoA[degrees]nomy, banA[degrees]kers said Wednesday.
Interbank rates expected to fall as UAE mulls new mechanism by The Daily Star (Beirut, Lebanon)
 
 
 
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