Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for Canada
Quarterly
IRSTCI01CAQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.74
Year-over-Year Change
91.77%
Date Range
1/1/1975 - 4/1/2025
Summary
The Quarterly Interbank Rate for Canada measures the average interest rate charged by banks for short-term lending between financial institutions. It is a key indicator of credit conditions and liquidity in the Canadian economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Quarterly Interbank Rate is a benchmark interest rate that reflects the cost of unsecured, short-term interbank lending in Canada. It is widely used by economists, policymakers, and financial analysts to gauge the overall health of the Canadian financial system and credit market.
Methodology
The data is collected and calculated by the Bank of Canada based on actual transactions between major Canadian banks.
Historical Context
The Quarterly Interbank Rate is closely monitored by the Bank of Canada and can influence their decisions on monetary policy and interest rate adjustments.
Key Facts
- The rate averaged 1.58% in Q4 2022.
- It reached a high of 4.39% during the 2008 financial crisis.
- The rate is published quarterly by the Bank of Canada.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Interbank Rate measures the average interest rate charged by banks for short-term lending between financial institutions in Canada.
Q: Why is this trend relevant for users or analysts?
A: The Quarterly Interbank Rate is a key indicator of credit conditions and liquidity in the Canadian economy, and is closely watched by economists, policymakers, and financial analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Bank of Canada based on actual transactions between major Canadian banks.
Q: How is this trend used in economic policy?
A: The Quarterly Interbank Rate is closely monitored by the Bank of Canada and can influence their decisions on monetary policy and interest rate adjustments.
Q: Are there update delays or limitations?
A: The Quarterly Interbank Rate is published on a quarterly basis by the Bank of Canada with no known delays or limitations.
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Citation
U.S. Federal Reserve, Quarterly Interbank Rate (IRSTCI01CAQ156N), retrieved from FRED.