Term:
Immediate interest rates
Definition:
Are those of an on-going nature such as policy rates set by central banks, prime rates for business loans, and those which are extremely short-term such as overnight or next day interbank rates or call money (i.e. money left at the banks' disposal).
Domain:
Finance
Source:
OECD, monthly, OECD Main Economic Indicators, OECD, Paris, Explanatory Notes