The

Question

rate is the interest rate banks charge each other for borrowing or storing money.

Answer 1

This rate is determined by the central bank in a country and serves as a benchmark for other interest rates in the economy. The rate can impact borrowing costs for consumers and businesses, influence economic activity, and help regulate inflation. Central banks may adjust the rate to achieve various monetary policy goals, such as stimulating economic growth or controlling inflation.

Answer 2

the question was: what is the name of this rate?

Answer 3

Apologies for misunderstanding the question. The rate that banks charge each other for borrowing or storing money is called the "interbank rate" or "interbank interest rate."