Short-Term Interest Rate

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 ?
At the same time, short-term responsiveness of interest rate clearly increased in all countries from the group of "floaters" emphasizing increased role of the short-term interest rate differentials for exchange rate determination under expectation of higher uncertainty.
WASHINGTON - The Federal Reserve decided Wednesday to maintain the target range for its benchmark short-term interest rate at zero to 0.
The drop in 10-year government bond yields, therefore, suggests that the average expected short-term interest rate over the next 10 years has come down.
The Johansen cointegration tests [Johansen and Juselius, OBES, May 1990] show that neither the three I(1) variables (i, BD, and M) from the long-term interest rate model, nor the other three variables (r, BD, and M) from the short-term interest rate model are cointegrated.
The Federal Reserve cut the short-term interest rate half a point for the tenth time in 10 months last week.
Economic growth prospects and the economy's ability to create new jobs also impact short-term interest rate trends, as do concerns about the federal deficit and the public's perception of current events.
Shifts in short-term interest rate differentials reflecting relative economic and financial conditions in the major industrial countries supported the dollar against the yen but weighed on it against the mark.

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