What is overnight rates for conventional interbank rates? More detail???

Answer 1

Money can be borrowed at various lengths of time, from periods lasting decades to as short as one night. There is a different interst rate for each time period in every country.

The interbank rate is the rate that one bank charges another for overnight lending in the same country. It is based on an APY basis. For example, a 5% interbank rate on $1000 is 5%/365 * $1000 for the effective overnight interest rate.