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Saturday, June 8, 2013

Overnight Rate

Interest rates are borrowing by banks and major financial institutions from each other for one night, and is a change in the rates of the most important monetary policy tools.

Release date:

Eight times a year

Type Indicator:

Monetary policy and interest rates

Source:

Bank of Canada-BOC

The impact of the index:

Strong indicator capable of moving the market immediately after its release, and if the real value of the index at the larger-than-expected release be a positive currency, but if the real value of the index when it is published less than expected to be negative for the currency.

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