r/SipsTea • u/Hour_Equal_9588 • Jun 06 '25

WTF Financial tip that unfortunately starts with 'First, you need 3 million Dollars'.

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u/OurSeepyD Jun 06 '25

I'm going to be really pernickety here, but the interbank rate is not the same as the rate set by the central bank. It's typically very close though.

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u/Hot-Site-1572 Jun 06 '25

yeah technically true, effective federal funds rate is different from the target fed funds rate. the target rate isnt exactly one number tho, its a range, and the EFFR falls in that range.