The
interest rate on the deposits of EGP 10m to less than EGP 30m fell to 6.75% instead of 8.25%, for deposits ranging from EGP 30m to less than EGP 100m
interest rate was cut to 7.25% instead of 8.75%, and finally interest on deposits of EGP 100m and more was set at 8.5% instead of 10%.
SBP in the last monetary policy increased the
interest rate to 12.25 percent from 6 percent in January last year, which is the fastest single-year increase in
interest rates ever in Pakistan's history.
Asked to choose between raising
interest rates to keep inflation down and keeping
interest rates down to allow prices to rise, 21.5 per cent of respondents was reported to have opted a rise in
interest rates if only to keep prices low.
The market, at some point, may need to take a combination of both yields, that is, a falling
interest rate and rising earnings yield to prepare for a meaningful recovery.
In particular, the average
interest rates on overnight deposits placed by households and by non-financial corporations remained unchanged at 0.09% and 0.14%, respectively.
Lower productivity growth depresses the real
interest rate, all else equal.
Interest rates on loans to households recorded a general decrease in May, according to data from the Central Bank of Cyprus for deposits and loans.
Interest rate risk is a catchall phrase for the effect of changes in market
interest rates on banks' financial conditions.