United States Overnight Repo Rate
The United States Overnight Repo Rate decreased to 0.07 on Friday March 20 from 0.13 in the previous day. Repo Rate in the United States averaged 2.38 from 1995 until 2020, reaching an all time high of 6.94 in September of 2019 and a record low of -0.01 in December of 2009. Overnight repo rate is the interest rate at which different market participants swap treasuries for cash to cover short-term cash needs. The repo rate is helping to ensure banks have the liquidity to meet their daily operational needs and maintain sufficient reserves. The repo rate usually trades in line with the Federal Reserve’s target interest rate. This page provides - United States Repo Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.
Labels: United States