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DISCOUNT RATE INTEREST

Statistics Directorate    
Definition:
Interest is payment for the use of borrowed money. The discount rate is the rate at which central banks lend or discount eligible paper for deposit money banks. Also known as the bank rate.

Source Publication:
International Financial Statistics Yearbook, IMF, Washington D.C, 2000, Introduction, page xvii.

Statistical Theme: Financial statistics

Created on Tuesday, September 25, 2001

Last updated on Wednesday, December 21, 2005