Bank of Canada increases overnight rate target to 1 per cent

Re:Bank of Canada increases overnight rate target to 1 per cent by umanwizard on Wednesday September 06, 2017 @01:39PM (#15185564)

Then where is the bank supposed to keep their money? In another commercial bank? In cash? This creates an infinite regression problem...

They could keep it in the Fed, but the Fed charges money for the privilege (and I assume so does the ECB and other equivalents)

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Re:Bank of Canada increases overnight rate target to 1 per cent by SilasX on Wednesday September 06, 2017 @01:57PM (#15185699)

Banks hold unloaned reserves already.

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Re:Bank of Canada increases overnight rate target to 1 per cent by umanwizard on Wednesday September 06, 2017 @01:58PM (#15185706)

Hold them where? In cash?

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Re:Bank of Canada increases overnight rate target to 1 per cent by KekDemaga on Wednesday September 06, 2017 @03:25PM (#15186405)

I imagine I could hold cash safely for a fee less than 0.75%

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