61. The daily rate tends to run a few basis points higher than the benchmark repo rate. 62. The German central bank will announce the terms of its repo rate when it calls for bids in its weekly tender later today. 63. The German currency rallied last week, when the Bundesbank surprised analysts and traders by leaving the repo rate steady. 64. The German repo rate is at an eight-year low. 65. The lending and deposit rates form a corridor within which the central bank can set its most important money market rate, the repo rate. 66. The overnight repo rate is the rate at which brokerage firms and banks are willing to borrow money in return for lending U.S. government securities for a day. 67. The repo rate controls the cost of short-term borrowing. 68. The repo rate effectively sets a target for overnight money-market rates and is comparable to the Federal funds rate in the U.S. 69. The repo rate is charged by the Bundesbank on loans to German financial institutions in exchange for government securities. 70. The repo rate, as it is called, is comparable to the federal funds rate in the United States. |