> 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.
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.