Ferguson refers to a fall in US
interest rates from 2001 to 2004, and points out that even though short-term real
interest rates fell substantially, the neutral real
interest rate fell at the same time.
The National Bank of Egypt (NBE) decided to cut
interest rates on 3-year fixed-rate platinum certificates of deposits (CDs) by 1% t o 14% and 14.25% instead of 15% and 15.25%.
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.
Kenya would be better off if the
interest rate cap was removed, or if it was made more flexible, say up to 8 percent above the CBR.
However, the scenario has changed in the past few months and liquidity has been on the rise, which indicates that there may be a reduction in fixed deposits
interest rates, anytime soon.
BEIRUT: Many Lebanese banks have started reducing
interest rates on deposits after the formation of a government eased fears on the Lebanese currency and a run on the lenders.
'These responses suggest that given a trade-off, more of the respondents will prefer higher
interest rates to higher inflation, which is suggestive of the respondent households' support for the bank's price stability objective,' the report stated.
Unlike in 2015, this year,
interest rates were rising from 5.5 percent to 6.04 percent when the market fell in January.
Athens: The overall weighted average
interest rate on new deposits in July 2018 remained almost unchanged, whereas the overall weighted average
interest rate on new loans increased.
Global Banking News-January 2, 2018--India's Punjab National Bank increases
interest rate on term deposits