More formal plans as used for business and military purposes, while initially created with and as an abstract thought, are likely to be written down, drawn up or otherwise stored in a form that is accessible to multiple people across time and space. This allows more reliable collaboration in the execution of the plan.
Key ECB interest rates. The Governing Council of the ECB sets the key interest rates for the euro area: The interest rate on the main refinancing operations (MRO), which provide the bulk of liquidity to the banking system.
Federal Funds Rate (Currently 0.75% â 1.00%) The âfederal funds rateâ is the interest rate banks charge one another for overnight use of excess reserves. Put simply, banks can avoid borrowing directly from the Federal Reserve (via the discount window) by borrowing from one another instead.