The interest rate that banks charge other banks for overnight loans is the

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The interest rate that banks charge other banks for overnight loans is commonly known as the overnight interest rate. The prime rate is the interest rate that banks offer to their most creditworthy customers, the discount rate is the interest rate that the Federal Reserve charges banks to borrow money, and the Canada bond rate is the interest rate that the Canadian government pays to issue bonds.

The Interest Rate That Banks Charge Other Banks for Overnight