Graph and download economic data for Overnight Bank Funding Rate (OBFR) from 2016-03-01 to 2025-07-31 about ibf, overnight, percentile, banks, depository institutions, rate, and USA.

United States - Overnight Bank Funding Rate was 4.33% in July of 2025, according to the United States Federal Reserve. Historically, United States - Overnight Bank Funding Rate reached a record high of 5.33 in March of 2024 and a record low of 0.03 in April of 2021. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Overnight Bank Funding Rate - last updated from the United States Federal Reserve on July of 2025.

Graph and download economic data for Secured Overnight Financing Rate (SOFR) from 2018-04-03 to 2025-07-30 about financing, overnight, securities, rate, and USA.

The benchmark interest rate in Canada was last recorded at 2.75 percent. This dataset provides - Canada Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Daily Sterling Overnight Index Average (SONIA) Rate (IUDSOIA) from 1997-01-02 to 2025-07-30 about sonia, Sterling, overnight, average, interest rate, interest, rate, and indexes.

Graph and download economic data for Interest Rates: Immediate Rates (< 24 Hours): Central Bank Rates: Total for Canada (IRSTCB01CAQ156N) from Q1 1960 to Q4 2023 about overnight, Canada, interest rate, banks, interest, depository institutions, and rate.

Repo Rate in the United States remained unchanged at 5.37 on Tuesday April 9. This dataset provides - United States Repo Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The benchmark interest rate in Argentina was last recorded at 29 percent. This dataset provides the latest reported value for - Argentina Money Market Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Overnight Unsecured AMERIBOR Benchmark Interest Rate (AMERIBOR) from 2015-12-11 to 2025-07-31 about AMERIBOR, overnight, headline figure, interest rate, interest, rate, and USA.

The U.S. federal funds rate peaked in 2023 at its highest level since the 2007-08 financial crisis, reaching 5.33 percent by December 2023. A significant shift in monetary policy occurred in the second half of 2024, with the Federal Reserve implementing regular rate cuts. By December 2024, the rate had declined to 4.48 percent. What is a central bank rate? The federal funds rate determines the cost of overnight borrowing between banks, allowing them to maintain necessary cash reserves and ensure financial system liquidity. When this rate rises, banks become more inclined to hold rather than lend money, reducing the money supply. While this decreased lending slows economic activity, it helps control inflation by limiting the circulation of money in the economy. Historic perspective The federal funds rate historically follows cyclical patterns, falling during recessions and gradually rising during economic recoveries. Some central banks, notably the European Central Bank, went beyond traditional monetary policy by implementing both aggressive asset purchases and negative interest rates.

View data of the Effective Federal Funds Rate, or the interest rate depository institutions charge each other for overnight loans of funds.

The U.S. federal funds effective rate underwent a dramatic reduction in early 2020 in response to the COVID-19 pandemic. The rate plummeted from 1.58 percent in February 2020 to 0.65 percent in March, and further decreased to 0.05 percent in April. This sharp reduction, accompanied by the Federal Reserve's quantitative easing program, was implemented to stabilize the economy during the global health crisis. After maintaining historically low rates for nearly two years, the Federal Reserve began a series of rate hikes in early 2022, with the rate moving from 0.33 percent in April 2022 to 5.33 percent in August 2023. The rate remained unchanged for over a year, before the Federal Reserve initiated its first rate cut in nearly three years in September 2024, bringing the rate to 5.13 percent. By December 2024, the rate was cut to 4.48 percent, signaling a shift in monetary policy in the second half of 2024. In January 2025, the Federal Reserve implemented another cut, setting the rate at 4.33 percent, which remained unchanged throughout the following months. What is the federal funds effective rate? The U.S. federal funds effective rate determines the interest rate paid by depository institutions, such as banks and credit unions, that lend reserve balances to other depository institutions overnight. Changing the effective rate in times of crisis is a common way to stimulate the economy, as it has a significant impact on the whole economy, such as economic growth, employment, and inflation. Central bank policy rates The adjustment of interest rates in response to the COVID-19 pandemic was a coordinated global effort. In early 2020, central banks worldwide implemented aggressive monetary easing policies to combat the economic crisis. The U.S. Federal Reserve's dramatic reduction of its federal funds rate - from 1.58 percent in February 2020 to 0.05 percent by April - mirrored similar actions taken by central banks globally. While these low rates remained in place throughout 2021, mounting inflationary pressures led to a synchronized tightening cycle beginning in 2022, with central banks pushing rates to multi-year highs. By mid-2024, as inflation moderated across major economies, central banks began implementing their first rate cuts in several years, with the U.S. Federal Reserve, Bank of England, and European Central Bank all easing monetary policy.

Graph and download economic data for ECB Deposit Facility Rate for Euro Area (ECBDFR) from 1999-01-01 to 2025-07-30 about overnight, Euro Area, deposits, Europe, and rate.

Graph and download economic data for Bank Prime Loan Rate Changes: Historical Dates of Changes and Rates (PRIME) from 1955-08-04 to 2024-12-20 about prime, loans, interest rate, banks, interest, depository institutions, rate, and USA.

Secured Overnight Financing Rate in the United States increased to 4.36 percent on Friday July 25 from 4.30 in the previous day. This dataset includes a chart with historical data for the United States Secured Overnight Financing Rate.

The benchmark interest rate in Singapore was last recorded at 1.78 percent. This dataset provides the latest reported value for - Singapore Average Overnight Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Lending Rate in Egypt remained unchanged at 25 percent in July. This dataset provides - Egypt Overnight Lending Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Federal Funds Target Range - Upper Limit (DFEDTARU) from 2008-12-16 to 2025-07-31 about federal, interest rate, interest, rate, and USA.

Graph and download economic data for Daily Sterling Overnight Index Average (SONIA) Rate: 75th percentile (IUDZLS8) from 2018-04-23 to 2025-07-30 about sonia, Sterling, overnight, percentile, average, interest rate, interest, rate, and indexes.

Graph and download economic data for Overnight Reverse Repurchase Agreements Award Rate: Treasury Securities Sold by the Federal Reserve in the Temporary Open Market Operations (RRPONTSYAWARD) from 2013-09-23 to 2025-07-31 about reverse repos, overnight, securities, Treasury, sales, rate, and USA.