In all reality, long - term rates have much more influence on borrowing and investment than the short - term overnight interest rate. (thecollegeinvestor.com)
«The Bank of Canada kept the key overnight interest rate unchanged at 0.5 % as expected, as the Federal Reserve is poised to hike rates for the first time in nearly 10 years. (loanbox.ca)
Fed officials have been itching to raise the benchmark overnight interest rate from its current levels near zero, where it's been since the 2008 financial crisis. (etf.com)