Glossary

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Benchmark interest rate
This is the minimum interest rate, which is established and published by the central banks of different countries. Guided by this, they charge interest on various types of loans. The most important changes are those in the benchmark interest rates of central banks of the U.S., Eurozone, UK, Japan, Switzerland, Canada, New Zealand and Australia, because interest rates in these countries directly affect the behavior of the major currency pairs (see).

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