The bank discount rate is a calculation of the interest investors earn on short-term instruments such as Treasury bills.
The Johannesburg Interbank Average Rate (JIBAR) is South Africa's key benchmark for short-term loans, crucial for money market activities in one, three, six, and 12-month terms.
The Federal Reserve targets an interest rate called the federal funds rate (FFR). The three rates the Fed sets to reach its FFR target range are: the discount rate, interest on reserve balances (IORB) ...
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