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    >The target overnight rate which is set is a .5% margin: if it is 4.25-4.75% this means that banks wi
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    Who sets interest rates? In America, the Federal Reserve sets the national interest rates. In Canada, the Bank of Canada sets the target for the overnight rate. The Bank of England is the British equivalent to the Federal Reserve or the Bank of Canada. The Federal Reserve and the Bank of Canada set rates 8 times a year, and the Bank of England sets rates 12 times a year.

    The target overnight rate which is set is a .5% margin: if it is 4.25-4.75% this means that banks wi

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    rest rates. In Canada, the Bank of Canada sets the target for the overnight rate. The Bank of England is the British equivalent to the Federal Reserve or the Bank of Canada. The Federal Reserve and the Bank of Canada set rates 8 times a year, and the Bank of England sets rates 12 times a year.

    The target overnight rate which is set is a .5% margin: if it is 4.25-4.75% this means that banks wi

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    nd is the British equivalent to the Federal Reserve or the Bank of Canada. The Federal Reserve and the Bank of Canada set rates 8 times a year, and the Bank of England sets rates 12 times a year.

    The target overnight rate which is set is a .5% margin: if it is 4.25-4.75% this means that banks wi

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    he Bank of Canada set rates 8 times a year, and the Bank of England sets rates 12 times a year.

    The target overnight rate which is set is a .5% margin: if it is 4.25-4.75% this means that banks wi

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    >The target overnight rate which is set is a .5% margin: if it is 4.25-4.75% this means that banks will charge 4.75% interest on money they lend to other banks, and they will pay 4.25% on money deposited by other banks.

    Each individual banking institution offers separate rates for different kinds of accounts. The banks choose their rates based on the national rates.

    What affects interest rates?

    Rates are raised in the short-term during expansions (when the economy is growi

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