Interbank rate

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Interbank rate

See: LIBOR

Interbank Rate

References in periodicals archive ?
He added if the government is successful in controlling the differential between open market and inter-bank rates, the impact on remittances could be lessened.
After easing up to April, T-bills yields generally hardened at longer maturities, while yields at shorter maturities largely moved in line with the movement of inter-bank rates, QCB said.
Inter-bank market rates: open market rates: In sympathy with the inter-bank rates, the rupee shed five paisas in relation to the dollar for buying and selling at Rs 105.
Domestic inter-bank rates were on ascent few months in advance of CBK's move, largely in anticipation of an impending lift-off by the Federal Reserve.
The SBP board has also reviewed the interest rate corridor -- the maximum and minimum inter-bank rates.
The fines relate to manipulation of the Libor and Euribor inter-bank rates.
SyNGAPUR (CyHAN)- The following are inter-bank rates of foreign currencies against the Singapore dollar on Friday.
UAE banks may witness NIMs pressure in 3Q13 as declining inter-bank rates flows into assets spreads along with limited scope for further funding cost compression.
The inter-bank rates have been falling for the last eight months, which indicates the liquidity in the UAE's banking system is improving," Chiradeep Ghosh, senior analyst at Bahrain-based Securities & Investment Company (SICO) told Gulf News by telephone.
Diamond was head of Barclays Capital, its investment bank division, when its employees were trying to manipulate the key inter-bank rates, although he has denied knowing about what was going on.
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.
Traditionally it has used bank rates to set market rates indirectly due to its effect on inter-bank rates but this mechanism no longer works.

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