Overnight interest rates us
noticeably since 2007 especially in the United States and. Europe, raising of reference rates, including overnight interest rates (unsecured or secured), and. 7 Aug 2019 The interest rate banks charge each other to borrow money overnight is called the federal funds rate. The Fed controls this rate, Earle explains. The fed funds rate is the interest rate at which depository institutions (banks and credit unions) lend reserve balances to other depository institutions overnight,