Short-Term Interest Rate

(redirected from Money Market Rates)

Short-Term Interest Rate

The interest rate on a loan or other obligation with a maturity of less than one year. A commonly followed short-term interest rate is the rate on a Treasury bill. Short-term interest rates are also called money market rates.
References in periodicals archive ?
Money market rates have been mixed to start the week.
Money market rates are expected to trade slightly lower following system liquidity boost.Dealers said this will be as a result of the impact of maturities worth N169.4billion expected on the 21st of March.
It will be calculated at the current money market rates and charged at 0.3 percent.
Moscow: Money market rates last year predominantly stayed near the Bank of Russia key rate.
"We would like to influence money market rates to more closely follo the BSP rate which is the RRP (reverse repurchase) rate and we will be using single instrument for OMO and this is the TDF," said Tetangco.
Eurozone money market rates fell to new lows on Tuesday and German Bunds held near a record one per cent yield as the region's weak recovery and Russian sanctions reinforced expectations the European Central Bank would loosen monetary policy.
The stock brokerage said equities paused for a breather last week, triggered in part by China's move to raise its money market rates to avert inflationary pressure.
In addition, the CBR has cut the FX swap RUB leg rate from 8.00 to 6.50%, foreign-currency leg from 0.25%/1.00% (for USD and EUR, respectively) to 0.00% - targets stability of money market rates.
Money market rates for account balances of $100,000 or more earn an APY of 1.20 percent.
But although money market rates have since fallen back, very little of the drop has been passed on to new borrowers taking out fixed-rate deals.
"Higher money market rates resulting from the credit crunch threatened to lift the monthly out-goings for many of these borrowers."
The central bank is expected to further lower the current-account deposit balance to around 10 trillion yen by late May to pave the way for a hike in money market rates, an analyst said.