> Is the US the only state whose federal bank (the Fed) controls the inter-bank lending rate The Fed does not control the US inter-bank lending rate. It sets

> Is the US the only state whose federal bank (the Fed) controls the inter-bank lending rate The Fed does not control the US inter-bank lending rate. It sets a target, and engages in open market operations to try and force the rate to stay close to the target. But it doesn't control the rate.