Sentences with phrase «major financial institutions borrow»
The overnight rate is the interest rate at which major financial institutions borrow and lend one - day (or «overnight») funds among themselves; the Bank sets a target level for that rate.
https://www.bankofcanada.ca/
The overnight rate is the interest rate at which major financial institutions borrow and lend one - day (or «overnight») funds among themselves; the Bank sets a target level for that rate.
Not exact matches
Borrowing costs for offshore renminbi have been edging up for weeks on the interbank market, where lenders and other major financial institutions seek funding.
Such disasters have befallen the New York City Opera and Long Island College Hospital, two major New York institutions that collapsed in financial disarray in recent years, and the Crystal Cathedral in California, which filed for bankruptcy protection in 2010 after accusations that its board had imprudently borrowed against the endowment.