Immediate interbank rate in the U.S. 2007-2024
The immediate call money/interbank lending rate in the United States collapsed with the onset of the global coronavirus (COVID-19) pandemic, falling from 1.58 percent in February 2020 to just 0.05 percent two months later. Since March 2022, the rate started increasing steadily, peaking at 5.3 percent in August 2023. It has stayed at this level since.