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Interest on Excess Reserves

Interest on excess reserves (IOER) is a type of interest rate that is paid by central banks to commercial banks on the excess reserves that they hold at the central bank. IOER is used by central banks as a tool to influence the level of borrowing and lending in the economy and to implement monetary policy. Continue Reading Below

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About Interest on Excess Reserves

Interest on excess reserves (IOER) is a type of interest rate that is paid by central banks to commercial banks on the excess reserves that they hold at the central bank. IOER is used by central banks as a tool to influence the level of borrowing and lending in the economy and to implement monetary policy.