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Forex question What is Interest Rate?
avatar Mymelody
Question by: Samanthar - 22 Apr 2016, 08:13:30
What is Interest Rate?
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Answers (1)
avatar user 9187
Answer by: Joseph - 22 Apr 2016, 08:17:31

The interest paid on borrowed funds (or received on funds loaned), expressed as an annualized percentage. There are many different interest rates quoted for each country, but the rate most relevant to FX traders is the overnight borrowing rate as determined by each country's central bank.

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