This article demonstrates that hyperbolic model is the most suitable single-factor interest rate model to describe the dynamics of Chinese money market interest rates.

本文论证了双曲模型是描述中国货币市场利率动态变化的最佳单因子利率模型。

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They adopt the money-market interest rate as their interest rate.

他们采用货币市场利率作为自己的利率。

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If the ECB simply offers the money at its current policy rate, the market is likely to interpret this as a signal that it does not expect to raise interest rates for 12 months.

如果欧洲央行只以当前政策利率提供这些资金，市场可能将此解读为其未来12个月不会加息的信号。

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Banks generally will not lend funds in the money market at an interest rate lower than the rate they can earn risk-free at the Federal Reserve.

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It is the refinancing rate that usually dictates average money market interest rates with the deposit facility rate acting as a lower floor.

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But volumes will fall because corporate customers will no longer need to hold accounts in several currencies, and banks will no longer be able to use the money market to profit from interest-rate differentials between euro-zone currencies.

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