I’m so confused, there are so many types of interest rates that are talked about in economics and finance and i really don’t understand them. Examples – interest rate, federal funds rate, interbank rate, repo rate, reverse repo rate, bank lending rate, mortgage rate, federal discount rate. Please can someone explain what all these rates are what function do these rates provide and who exactly controls these rates ie are they decided by the market as a whole, or by the central bank, or by a few (large) banks.
In: Economics
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