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bank rate FAQ


These rates are uniform and not city wise. Both rates are determined by the Reserve Bnak of India and are valid for entire country.


They are not the same thing. Speak with your personal banker at B of C and get specific about the interest rate and the APR.

To compare rates from different banks go to bankrate.com


Yes.

bank rate news

BANK RATE LIVES TO DIE ANOTHER DAY

23.02.12

After almost nine years, the Reserve Bank of India (RBI) last week changed the bank rate. It has been raised and realigned with the so-called marginal standing facility (MSF) rate. This is a technical adjustment to link it with RBI’s current policy rate, the repo rate, the rate at which the central bank infuses liquidity into the system. It drains liquidity through reverse repo. Currently, the repo rate is 8.5% and the reverse repo rate is 7.5%.


Source: Livemint

Bank, RBA rates decisions won't always be separate: forecaster

23.02.12

AAP

A prominent economist does not believe the link between the Reserve Bank of Australia (RBA) and the commercial banks in setting interest rates is broken forever.

Deloitte Access Economics director Chris Richardson says it's just that both sides are dealing with a difficult global challenge.
Source: Business Spectator

Rate Increase Bets Fade as Lira Gives Room to Cut: Turkey Credit

23.02.12

Feb. 20 (Bloomberg) -- The rebound in the world’s worst- performing currency is diminishing the likelihood that Turkey’s central bank will raise interest rates to stem the highest inflation in 19 major emerging markets, trading in the swaps market shows.

The cost to lock in two-year borrowing costs through interest-rate swaps tumbled to 392 basis points above the benchmark one-week repurchase rate on Feb. 17 from 570 basis points on Jan. 5, data compiled by Bloomberg show. The 5.75 percent benchmark rate sets the floor of a corridor within which Erdem Basci, governor of the Central Bank of the Republic of Turkey, varies lending rates. He’ll probably hold that rate unchanged at a monetary policy meeting tomorrow, according to all nine economists in a Bloomberg survey.


Source: BusinessWeek

bank rate about


More Americans Raiding Retirement Funds Early
More Americans Raiding Retirement Funds Early

What Ails Indian Monetary Policy
What Ails Indian Monetary Policy

US Dollar Subject to Increased Event Risk in Coming Days
US Dollar Subject to Increased Event Risk in Coming Days

Brazil Short-Term Rate Futures Fall on Selic Move; Real Drops


Bank Rossii Says New Gauge May Boost Floating Debt Market: Russia Credit