What they're raising is an overnight money rate that none of us see.

他们提高的是我们都看不到的隔夜货币利率。

The Bank of Japan increasingly an outlier keeping its overnight interest rate at -0.1%.

日本央行将隔夜利率维持在-0.1%，越来越成为异类。

Investors who hold Treasuries typically have the option of lending in money markets, in which overnight interest rates are set by the Federal Reserve.

持有国债的投资者通常可以选择在货币市场借贷，其中隔夜利率由美联储设定。

Eonia, the overnight rate at which banks lend to one another, closely tracked the ECB's refinancing rate, which the central bank could make stick by restricting the amount of money it provided.

Eonia，又称作欧元隔夜拆借利率，紧跟着欧洲央行的再融资利率，央行可以因此通过限制提供的货币量来控制银行。

What really matters for mortgage rates is what's happening to the sort of long-term interest rates, not what happens to the overnight rate that the Bank of England sets.

对抵押贷款利率真正重要的是长期利率的变化，而不是英格兰银行设定的隔夜利率的变化。