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 has kept its benchmark short-term interest rate at just 1 percent, its lowest level since 1958, partly to ward off deflation, which has afflicted Japan recently.
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.
Just two weeks ago, on March 25, the Fed raised its short-term interest rate target by a quarter percentage point.

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