These first-of-kind money market rates transform Aave pool activity into conventional overnight rates to support interest rate derivatives and floating rate loans. NEW YORK, June 17, 2025 ...

These first-of-kind money market rates transform Aave pool activity into conventional overnight rates to support interest rate derivatives and floating rate loans. NEW YORK, June 17, 2025 /CNW ...

It operates the ON RRP (Overnight Reverse Repo Facility), where it borrows cash from money market funds, creating a floor under short-term rates.

The Bank of Canada today maintained its target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%.

The Bank of Canada can't help home buyers overcome their most pressing challenges. The Bank of Canada’s decision to hold its overnight rate at 2.75% today wasn’t made with the housing market ...

Eleven of 13 economists surveyed last week by the Bank of Canada told The Wall Street Journal that they anticipate the central bank would keep the target for the overnight rate at 2.75%.

With the Bank of Canada set to provide an update on interest rates on Wednesday, economists are expecting no changes this time as the trade war has increased economic uncertainty.

Canada’s prime rate — the interest rate that major banks charge their best customers — will drop to 5.45% prompted by the Bank of Canada's fifth, consecutive rate drop of its overnight rate ...

The Bank of Canada has cut its overnight lending rate by 25 basis points to 2.75 per cent, it announced on Wednesday, as an ongoing trade war with the U.S. begins to strain the Canadian economy.

Eight times a year, on set dates, the Bank of Canada provides an interest rate update. There has been one so far this year, on Jan. 29, when the overnight rate was dropped by 0.25 per cent.

On Wednesday, the central bank announced it was dropping the rate by 25 basis points, , along with reducing the bank rate to 3.25 per cent and the deposit rate to 2.95 per cent.