interbank
Adjective
Meaning
interbank (not comparable)
Of, pertaining to, or taking place between two or more banks (financial institutions).
Phrases with the word
Examples
An elevated liquidity pool means interbank rates will likely remain steady despite massive demand for cash during large stock sales.
Dzatsunga said civil servants are demanding the lowest paid among them to get US$475 equivalent at the prevailing interbank rate in the face of the spiralling cost of living, where the bread basket for a family of six is now pegged at ZWL$4 000.
At the interbank forex market, the domestic unit opened at 73.67 against the US dollar, and finally ended the day at 73.55, registering a rise of 5 paise over its last close.
The Federal Reserve increased its balance sheet to almost US$500 billion after adding about US$200 billion to short-term repo fund for interbank lending.
In October-December 2019, the volume of interbank operations has increased more than 2 times relative to the average values in previous quarters.
It holds to reason that the RBI should treat the interbank repo rate as an additional guidepost for its liquidity operations.