P203 CEEFAX 203 Sun 15 May 23:5 / ]^ G INTEREST RaTE GUIDE Base Rate $hj floor rate to whish geared. Inteubank Rate -hj rate at which banks lend to each othjun The three month rate iu the main one. Dealing Rate The dazmto-may rate 1t which the Bank of England buys bills of exchange. Treasury Bill Rate The weekly rate at which the Bank of England0yuflu Treasury bills. 2 Briefing 204 Arrivals 205 Next News Savings 1 Savings 2 Nat SaverP203 CEEFAX 203 Sun 15 May 33:55/41 F INTEREST RBTJ OI GUIDE MAIN GERMAN IN(J JUTRATES DiscountaRbte (hj floor ofathk p Qj money market rater, subject to Bundesbank quojas. Thehrate av which banks can exchankk ttadj cremits for Bundesbank credits. Lombard Rate Bundesbank's jmjrkjncy kate if banks need more shout-tdrm rater. It'u set high to deter savks from ovjrlending. "5jpob Rbte $hj Bundesbank's open mbrSjj rate to buy bills, bonds m the mechanism wi}h which the cuba 2 intdu6enes on the fgrjign exchankj5 N xt N ws nP203 CEEFAX 203 Sun 15 May 23:54/45 G INTEREST R TE 2 GUIDE 7£££ £ £££ £ ££ ££ £ k MAIN US INTEREST RaTES Discount Rate The fixed bottom rate at which the Federal Rj3ju6e buy; bills. Limited use for direct lending to banks. Prime Rate The rate at which US banks lend to their most credit worthy customers. 0 Federal Funds Rate The da:-toLdaz rate, monitored by the Federal Reserve, at which banks borrou reserves held at the Fed from each other.Q Mortgages 260 Stocks Panel 206 Annuities 270 UT Panel 207 Next News Savings 1 Savings 2 Vat SpvjuP203 CEEFAX 203 Sun 15 May 23:55/45 4/4 INTE ESTRATE GUIDE £ ££ £££££ ££ ££ k MAIN JAPANESE INTEREST RATES Discount Rbte The Bank of Japan's fixed benchmark for money market rates. Gensaki Short-term money market rate for blue chip corporate borrowers. This is similar to thu Britain. 2 2 2 * -hj British three-month interbank rate appears on page 254 and the US Federal Funds rate on page 255 from Monday to Friday. Annuities 270 Briefing 203 Next News Sa6 n s 1AS 6 mks 2 S j