interbank

adjective

in·​ter·​bank ˌin-tər-ˈbaŋk How to pronounce interbank (audio)
variants or less commonly inter-bank
: occurring between or involving two or more banks
interbank loans

Examples of interbank in a Sentence

Recent Examples on the Web Germany’s nearly two trillion euros of claims in Target 2, an interbank payment system for processing cross-border transfers throughout the EU, would make its withdrawal from the eurozone extremely costly, as much of that money would be lost. Daniela Schwarzer, Foreign Affairs, 2 Oct. 2012 Changing the target federal funds rate is the Fed’s primary way to manipulate the economy, with rate increases working their way through the economy by directly making interbank lending costs higher and indirectly causing consumer and corporate loans to grow more expensive. Derek Saul, Forbes, 13 Nov. 2023 The BankservAfrica Economic Transactions Index, a measure that tracks interbank payments and an early indicator of economic activity, dropped 1.7% in the three months through March, after shrinking 1.3% in the prior quarter. Amogelang Mbatha, Bloomberg.com, 13 Apr. 2023 Iran and Russia have connected their interbank communication and transfer systems to help boost trade and financial transactions, Reuters cited a senior Iranian official as saying on Monday, as both Tehran and Moscow are chafing under Western sanctions. Hadas Gold, CNN, 1 Feb. 2023 Many of them offer high interest rates to attract commercial and interbank deposits. Laura He, CNN, 23 June 2022 Project Inthanon-LionRock, a joint project between the HKMA and Bank of Thailand (BOT), is the world’s most mature interbank/wholesale initiative to date. Yvonne Lau, Fortune, 20 June 2021

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'interbank.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1907, in the meaning defined above

Time Traveler
The first known use of interbank was in 1907

Dictionary Entries Near interbank

Cite this Entry

“Interbank.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/interbank. Accessed 20 Apr. 2024.

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