The interest rate of reserve balance in the US as of May 8
The Federal Reserve (FED) announced the The interest rate of reserve balance in the US as of May 8 on 2025-05-07. The reported figure stands at 4.4%, against a forecast of 4.4%, with the prior figure recorded as 4.40%.
Regarding the The interest rate of reserve balance in the US as of May 8, The Interest Rate on Reserve Balances, in English is Interest On Reserve Balances, abbreviated as IORB, is an interest rate control tool implemented by the Federal Reserve starting July 29, 2021, replacing the previous Interest on Required Reserves, abbreviated as IORR, and Interest on Excess Reserves, abbreviated as IOER.
This data holds an importance level of , calculated using IORB has become the upper limit of the interest rate corridor set by the current Federal Reserve for financial institutions. The lower limit of the interest rate corridor is determined by the overnight reverse repo rate. , and updates monthly. The next release is set for 2025-07-31 02:00:00.
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