The cash rate influences other interest rates in the economy, affecting the behaviour of borrowers and lenders, economic activity and ultimately the rate of inflation. (rba.gov.au)
Changes in the target for the overnight rate influence other interest rates, such as those for consumer loans and mortgages. (bankofcanada.ca)
Because the target affects the interest rates that financial institutions charge each other from day to day, it usually affects other interest rates, such as mortgages and consumer loans. (bankofcanada.ca)