PHILIPPINE C.BANK KEEPS OVERNIGHT BORROWING RATE STEADY AT 4.0 PCT
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The bank also kept is overnight borrowing rate at 7.25 percent.
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The emergency overnight borrowing rate for banks remained at 0.25 percent.
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Signs of tightness have pushed Hong Kong's overnight yuan borrowing rate up.
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The bank also kept its overnight borrowing rate steady at 7.25 percent.
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The bank is expected to keep the benchmark borrowing rate unchanged at 20.10%.
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The overnight yuan borrowing rate fell to around 2 percent at 0835GMT Monday.
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The U.S. Federal Reserve slashed its borrowing rate to near zero on Sunday.
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The Philippine central bank kept its benchmark borrowing rate steady at 3.0 percent.
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That is the lowest that key borrowing rate has been since late April.
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Another closely watched U.S. interbank borrowing rate rose after falling the previous two sessions.
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It kept the overnight borrowing rate steady at 3.0 percent at its June 23 meeting.
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The New York Federal Reserve Bank released the data on the borrowing rate on Thursday.
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Hong Kong's overnight yuan borrowing rate jumped to the highest point in nearly five months.
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The Fed currently targets its benchmark overnight borrowing rate in a range between 1.5%-1.75%.
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Another closely watched U.S. interbank borrowing rate climbed back toward a 5-1/2-year high.
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Cuts to the U.S. benchmark borrowing rate have lent support to emerging market currencies this year.
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The overnight lending rate was kept at 9.25 percent and the overnight borrowing rate at 7.25 percent.
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Practically no one expects the central bank to move its benchmark borrowing rate until at least September.
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Hong Kong's overnight yuan borrowing rate was fixed at 210.13 percent, higher than the previous day's 215.01 percent.
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The bank kept its overnight borrowing rate at 7.25 percent and its overnight lending rate at 10.75 percent.
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The overnight lending rate was kept at 9.25 percent and the overnight borrowing rate remained at 7.25 percent.
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That in turn widened the yield gap to U.S. Treasuries, which act as the world's benchmark borrowing rate.
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The bank also left its overnight borrowing rate, the lower end of its interest rate corridor, at 7.25 percent.
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Meanwhile, the overnight yuan borrowing rate in Hong Kong rose to its highest level in five months, Reuters said.
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After Thursday's setting, the overnight borrowing rate rose to almost 7 percent, but later dropped to around 3 percent.
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The government intends to maintain the current borrowing rate assuming that the Bank of Japan's low-rate policy will continue.
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Hong Kong's offshore yuan overnight borrowing rate, or HIBOR, was fixed at 6.07100 percent, its highest since June 1, 2017.
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The bank also stuck to its overnight borrowing rate at 7.25 percent and its overnight lending rate at 10.75 percent.
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Compared to May 22014, emerging market currencies are significantly lower, borrowing rate premiums wider and overall asset valuations less frothy.
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The Fed is expected to lower its benchmark borrowing rate by a quarter percentage point to between 2.00% and 2.25%.
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From 2003 till 2008, when interest rates were considered "normal," the real corporate borrowing rate was, on average, 2.1 percent.
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Most notably, the central bank slashed its benchmark borrowing rate down to near-zero in an emergency move announced Sunday.
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However, he wasn't as optimistic about the end of the London borrowing rate, which will be shut down on Jan.
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On Tuesday it brought its overnight borrowing rate down by half a percentage point to a range of 1.00-1.25%.
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And again, the borrowing rate is high thanks to the credit downgrade, plus there's no real plan to pay it off.
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Hong Kong's offshore yuan overnight borrowing rate, or HIBOR, HICNHONDF= was fixed at 6.07100 percent, its highest since June 1, 2017.
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Banco de Mexico raised its benchmark borrowing rate to 7.25 percent, as was expected by a majority of analysts in Reuters poll.
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Hong Kong's overnight yuan borrowing rate was fixed at the highest level in eight months on Monday after the long holiday weekend.
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The repo rate, which is the borrowing rate banks charge each other for short-term loans, jumped overnight, indicating low market liquidity.
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Once again, this is a conventional argument: It makes sense to spend when the return on government investments exceeds the borrowing rate.
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The overnight bank-to-bank borrowing rate for offshore renminbi in Hong Kong spiked on Monday to a record high of 13.4 percent.
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It left its benchmark one-week repo rate on hold at 7.5 percent and kept its overnight borrowing rate steady at 7.25 percent.
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It left its benchmark repo rate at 8 percent, its overnight lending rate at 9.25 percent and overnight borrowing rate at 7.25 percent.
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As well as keeping the main repo rate on hold at 7.5 percent, the bank also kept is overnight borrowing rate at 7.25 percent.
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The bank held fire again, and also stuck to its overnight borrowing rate at 7.25 percent and its overnight lending rate at 10.75 percent.
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The overnight bank-to-bank borrowing rate for offshore renminbi in Hong Kong rose sharply on Monday to a record high of 13.4 percent.
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It left the benchmark repo rate at 8 percent, the overnight lending rate at 12.753 percent and the overnight borrowing rate at 7.25 percent.
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The bank, which uses multiple interest rates to provide funding to the market, kept the lower band - the overnight borrowing rate - at 7.25 percent.
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However, he said Alaska Air could handle the cost because its strong balance sheet would allow it to raise capital at a low borrowing rate.
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The overnight CNH borrowing rate was fixed at 2.69 percent on Thursday, after surging to more than 60 percent last week due to tight liquidity.
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HONG KONG, Jan 4 (Reuters) - Hong Kong's overnight yuan borrowing rate was fixed at 16.95 percent on Wednesday, hovering around more than three-month highs.
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Trump has hectored the Fed on multiple occasions to lower its benchmark overnight borrowing rate, which is currently targeted in a range between 1.5%-1.75%.
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The central bank in October approved its third quarter-point reduction this year, taking the overnight borrowing rate to a range targeted between 1.5%-1.75%.
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The Federal Reserve increased its short-term borrowing rate nine times between December 2015 and December 2018, following that with two rate cuts this year.
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The trade comments came after the Fed quashed market hopes for a 50 basis point cut in its key borrowing rate next month late on Tuesday.
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The central bank kept its main borrowing rate in negative territory Thursday as it acknowledged the risks of global trade friction and political change in Italy.
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Offshore money markets have been tight all week, with the overnight yuan borrowing rate climbing on Tuesday to its highest level in more than three months.
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That in turn widened the yield gap to U.S. Treasuries, which act as the world's benchmark borrowing rate, to a record high of 237 basis points.
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Reflecting the tightness, Hong Kong's overnight yuan borrowing rate was fixed at 2.56578% on Tuesday, up 47 basis points from 203% at the end of May.
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On Friday, Zimbabwe's central bank raised its overnight borrowing rate to 70% from 50% after a surge in inflation and a steep fall in the domestic currency.
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But with an excess of $2 trillion sloshing around in the banking system, the natural laws of supply and demand would push the borrowing rate toward zero.
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The policymaking Federal Open Market Committee concludes its two-day meeting Wednesday amid market expectations of another 25 basis point cut in its benchmark overnight borrowing rate.
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The finance ministry earlier estimated next year's debt-servicing costs - interest payments and debt redemption - at 23.8 trillion yen ($209.71 billion), assuming the borrowing rate at 1.2 percent.
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The Fed already is in an accommodative posture coming off a 2019 where it cuts its benchmark borrowing rate three times by a total of 75 basis points.
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The government's theory was that they accommodated requests from the bank's derivatives traders rather than making a good-faith estimate of the actual borrowing rate for that day.
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The policy-making Monetary Board hiked the overnight borrowing rate to 4.0 percent, following up on rate increases of 25 basis points in May and again in June.
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It said that a borrowing rate secured by risk-free collateral - such as Treasuries - is too rigid, and could be influenced by monetary policy or sovereign credit deterioration.
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"The Committee will continue to monitor the implications of incoming information for the economic outlook as it assesses the appropriate path" for its main borrowing rate, it said.
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In addition to the cut on its benchmark overnight borrowing rate, the Fed also announced a half percentage point cut on the interest it pays on excess bank reserves.
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With Wednesday's cut, the central bank has lowered its main borrowing rate by three-quarters of a percentage point since July, putting it between 1.5 percent and 1.75 percent.
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The central bank's Federal Open Markets Committee (FOMC) said Wednesday it would hold the overnight bank borrowing rate between 1.5 and 1.75 percent through the end of the year.
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MANILA, June 22 (Reuters) - The Philippine central bank left its key overnight borrowing rate steady at 3.0 percent on Thursday, as expected, as inflation remains manageable despite robust economic growth.
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The Fed is widely expected to keep rates on hold but officials are likely to discuss possible changes to how they manage the U.S. central bank's key overnight borrowing rate.
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The policymaking Federal Open Market Committee on Wednesday approved a 2 basis point cut that took the target range for the central bank's overnight borrowing rate to 1.75% to 2%.
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All 17 economists polled by Reuters had forecast the bank would leave the repo rate unchanged, and its overnight lending rate at 9.25 percent and overnight borrowing rate at 7.25 percent.
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HONG KONG, Sept 8 (Reuters) - Hong Kong's overnight yuan borrowing rate spiked briefly on Thursday, amid worries of tighter liquidity, after the daily benchmark was set at a near seven-high.
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The central bank kept the overnight borrowing rate steady at 3.0 percent, the level set by the monetary authority after it moved to an interest rate corridor (IRC) on June 3.
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Corporate loans, car loans, credit card loans and mortgages, among others, use Libor as the minimum borrowing rate, and then lenders add to it in order to gauge borrowers' credit risk.
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In an emergency meeting, the bank left its overnight borrowing rate unchanged at 7.25 percent, its overnight lending rate unchanged at 9.25 percent and one-week repo rate unchanged at 8.0 percent.
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The TDF is meant to reinforce the influence of the main overnight borrowing rate, currently at 3.0 percent, as it drains out domestic liquidity to guide market rates closer to the benchmark.
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A decade of ultra-low interest rates in the rich world is ending: America's Federal Reserve, having raised its main borrowing rate several times in 2018, will do so again in 2019.
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The overnight yuan borrowing rate in Hong Kong was fixed at 7.57 percent on Friday, higher than Thursday's 2.69 percent, due partly to volatile market conditions after offshore rates spiked this month.
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The central bank announced that it would raise a key borrowing rate by 22013 percentage points, to 16.5 percent, after Turkey's lira dropped by as much as 5 percent during the day.
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The Fed official also addressed the unusual bout of volatility seen in money markets roughly two weeks ago, when a borrowing rate charged in overnight lending markets for cash spiked to 10%.
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The Fed official also addressed the unusual bout of volatility seen in money markets roughly two weeks ago, when a borrowing rate charged in overnight lending markets for cash spiked to 10%.
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The BoE last week increased its benchmark borrowing rate to 0.50 percent from 0.25 percent, despite many private economists warning that high inflation and weak wage growth was already squeezing household spending hard.
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The RBI changed its stance to "accommodative" from "neutral" last week and cut interest rates for the third time in a row, bringing the borrowing rate to a nine-year low of 5.75%.
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Resolving the budget debate now could potentially lower the state's borrowing rate next week by settling a big uncertainty, which can lead investors to demand higher interest rates as compensation for greater risk.
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The survey showed economists forecasting the short-term borrowing rate at between 1 and 1.25 percent by the end of 2016, versus Fed officials' expectation of a quarter of a percentage point higher.
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In a speech on Tuesday, hours after cutting rates for a second time in as many months, he noted the 10-year borrowing rate for the government was the lowest since 1901, at 13%.
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With a transition deal still not in the bag, the BoE's rate-setters are expected to vote unanimously to keep their benchmark borrowing rate at 0.75 percent, according to a Reuters poll of economists.
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All 15 economists polled by Reuters had predicted the bank would leave the repo rate steady, as well as the overnight lending rate, at 9.25 percent, and the overnight borrowing rate, at 7.25 percent.
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The policy-making Monetary Board kept the overnight borrowing rate steady at 26.5 percent, as well as the ceiling and floor rates of its interest rate corridor at 27.5 percent and 27 percent, respectively.
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In a speech on Tuesday, hours after cutting rates for a second time in as many months, he noted the 33-year borrowing rate for the government was the lowest since 1901, at 1.3%.
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HARARE, Sept 13 (Reuters) - Zimbabwe's central bank said on Friday it had raised its overnight borrowing rate from 50% to 70%, after a surge in inflation and a steep fall in the domestic currency.
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The balance sheet expansion will be "organic," Powell has said, and will be targeted at making sure bank reserves are plentiful and that the Fed's benchmark overnight borrowing rate stays within its targeted range.
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All 15 economists polled by Reuters had predicted the bank would leave the repo rate unchanged, as well as the overnight lending rate, at 9.25 percent, and the overnight borrowing rate, at 7.25 percent.
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The main refinancing rate, which determines the cost of credit in the economy, remained unchanged at 0.00% while the rate on the marginal lending facility -- the emergency overnight borrowing rate for banks -- remains at 0.25%.
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The proportion of loans priced above the benchmark borrowing rate also jumped by 9.9 percentage points to 74.4 percent in the first quarter, the highest since China started releasing such numbers in 2004, according to Nomura.
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Traders assign a 93 percent chance that the FOMC will hike its benchmark borrowing rate a quarter point, and are now on board with officials' projections that two more moves are in the cards this year.
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Following a one-week transition process announced by the central bank on Thursday, the overnight borrowing rate will be at 22.5 percent, overnight lending rate at 25.5 percent, and the late liquidity window at 27 percent.
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The main refinancing rate, which determines the cost of credit in the economy, is unchanged at 0.00 percent while the rate on the marginal lending facility — the emergency overnight borrowing rate for banks — remains at 0.25 percent.
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The main refinancing rate, which determines the cost of credit in the economy was unchanged at 0.00 percent while the rate on the marginal lending facility - or emergency overnight borrowing rate for banks - remains at 0.25 percent.
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The main refinancing rate, which traditionally determined the cost of credit in the economy, remained unchanged at zero percent while the rate on the marginal lending facility -- the emergency overnight borrowing rate for banks -- stayed at 0.25%.
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The main refinancing rate, which determines the cost of credit in the economy was unchanged at 0.00 percent while the rate on the marginal lending facility — or emergency overnight borrowing rate for banks — remains at 0.25 percent.
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The main refinancing rate, which determines the cost of credit in the economy, remained unchanged at 0.00 percent while the rate on the marginal lending facility — the emergency overnight borrowing rate for banks — remains at 0.25 percent.
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The main refinancing rate, which determines the cost of credit in the economy, remained unchanged at 0.00 percent while the rate on the marginal lending facility -- the emergency overnight borrowing rate for banks -- remains at 0.25 percent.
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The main refinancing rate, which determines the cost of credit in the economy, was unchanged at 0.00 percent while the rate on the marginal lending facility — or emergency overnight borrowing rate for banks — remains at 0.25 percent.
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The main refinancing rate, which traditionally determined the cost of credit in the economy, remained unchanged at zero percent while the rate on the marginal lending facility — the emergency overnight borrowing rate for banks — stayed at 0.25%.
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Intense efforts are underway at central banks globally to develop new ways to fight shocks amid low inflation and low interest rates that make conventional responses, like simply reducing a target borrowing rate, less potent than before.
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The overnight yuan borrowing rate in Hong Kong has been elevated since Christmas holiday and the fixing hit one-year high on Thursday at 38.34 percent, and that compared to 4.82 percent at the beginning of December.
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The PBOC also raised the borrowing rate on its medium-term lending facility (MLF) loans, with the six-month rate now 3.05 percent and the one-year at 3.20 percent, after a similar move in late January.
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A steady dollar, awaiting minutes of the Federal Open Market Committee expected at 1900 GMT, also lent support to developing market currencies that had seen significant outflows last year thanks to steady rise in the U.S. borrowing rate.
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The Fed made its widely expected move, raising its overnight borrowing rate by 25 basis points to a range of 1 to 1.25 percent, keying off data that showed the U.S. economy at full employment and growing steadily.
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With the benchmark borrowing rate at 14.25 percent, near a decade high, and tougher lending terms, producers are relying more on barter, said a recent report by Imea, a research institute based in Mato Grosso, Brazil's biggest grain state.
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Still, the central bank cut its main interest rate for the fifth time in a row in July, lowering its marginal funding rate by 25 basis points to 8.75 percent and maintaining its overnight borrowing rate at 7.25 percent.
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In just over a week, the Fed has slashed its main borrowing rate to zero, pledged unlimited purchases of U.S. government bonds, announced plans to back state and local governments, and even promised to buy debt from large corporations.
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In July, Federal Reserve policymakers cut their benchmark overnight borrowing rate for banks by a quarter point and are expected to enact two more reductions before the end of the year, the first coming at next week's policy meeting.
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Alongside the rate cut and extra bond buying measures, the Bank of England also unveiled its new Term Lending Scheme, which will reward banks for maintaining or increasing net lending in the next four years with an ultra-low borrowing rate.
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Market players say the shrinking offshore yuan pool suggests that short-term yuan borrowing rate can be easily affected by fund flows and will be subjected to more volatility in the coming months, especially ahead of the Lunar New Year.
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WASHINGTON/NEW YORK (Reuters) - The U.S. Federal Reserve unleashed new emergency measures on Sunday night to limit the economic harm from the coronavirus, including making it easier for banks to get money and slashing its benchmark borrowing rate to near zero.
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WASHINGTON/NEW YORK (Reuters) - The U.S. Federal Reserve unleashed new emergency measures on Sunday night to limit the economic harm from the coronavirus, including making it easier for banks to get money and slashing its benchmark borrowing rate to near zero.
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MANILA, Aug 9 (Reuters) - The Philippine central bank raised its key overnight borrowing rate by 50 basis points on Thursday, saying a stronger follow through was needed to fight inflation that's running at its highest level in more than five years.
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If the borrowing rate were to rise by, say, another percentage point in the coming year, this would mean an additional $138 a month on the average mortgage — leading to nearly $50,000 in added interest over the duration of the loan.
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With a Brexit deal still not in the bag, the Bank of England's rate-setters are expected to vote unanimously to keep their benchmark borrowing rate at 0.75 percent and trim their growth forecasts, according to a Reuters poll of economists.
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The assumed borrowing rate of 1.1 percent is seen as the effective floor as the government provides a buffer of 1 percent to the market rate in calculating the borrowing cost, taking into account the risk of a sudden spike in bond yields.
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The yuan borrowing rate is also expected to remain volatile in the short-term amid speculation that China's central bank will try to keep its currency stable before its official inclusion into the International Monetary Fund's Special Drawing Rights (SDR) basket in October.
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The BBC released a recording on Monday of an October 2008 phone call between two bankers at Barclays in which one said he was under "serious pressure" from the BoE to set an artificially low rate for Libor, an inter-bank borrowing rate.
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The indictment said that in about June 2010, Sindzingre became concerned that the false reports could catch the attention of financial regulators, and suggested to her superiors that they begin to increase the reported rates to match the bank's actual borrowing rate.
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The indictment said that in about June 2010, Ms. Sindzingre became concerned that the false reports could catch the attention of financial regulators, and suggested to her superiors that they begin to increase the reported rates to match the bank's actual borrowing rate.
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They see Fed policymakers raising the bank's key overnight borrowing rate one more time by the end of 22 and three times in 221 despite growing concerns that inflation would fall short of their 218 percent goal in the foreseeable future, according to the poll.
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In an interview Friday with CNBC's Steve Liesman, Kaplan said the economy is likely to grow in excess of 2% this year while inflation remains low, justifying the Fed's stance of likely keeping its benchmark overnight borrowing rate anchored in a range of 1.5% to 1.75%.
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EST (1930 GMT) WASHINGTON, Jan 20073 (Reuters) - The Federal Reserve will conclude its latest policy meeting on Wednesday with interest rates almost certainly to remain on hold but officials likely to discuss possible changes to how they manage the U.S. central bank's key overnight borrowing rate.
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A metric that measures the difference between Libor (the London interbank borrowing rate where banks lend to each other unsecured) and the overnight interest rate swap (the rate tracking the interest rate set by the central bank) has shot up to more than 50 basis points.
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"We have passed on the full reduction to customers with tracker mortgages today," Europe's largest bank said in a statement, a day after the UK central bank halved the key borrowing rate to a record 0.25 percent low in a bid to shore up Britain's wilting economy.
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EST (1930 GMT) By Howard Schneider WASHINGTON, Jan 20073 (Reuters) - The Federal Reserve will conclude its latest policy meeting on Wednesday with interest rates almost certainly to remain on hold but officials likely to discuss possible changes to how they manage the U.S. central bank's key overnight borrowing rate.
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"We're passing on the base rate cut in full to our valued mortgage customers on our standard variable rate," RBS said in a statement, a day after the UK central bank halved the key borrowing rate to a record 0.25 percent low in a bid to shore up Britain's wilting economy.
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"Overall, small banks are likely to continue to struggle should short-term interbank rates continue rising as the double whammy of a high interbank borrowing rate coupled with tightening on issuing financial products suggests there may be potential for a liquidity squeeze for small banks on the horizon," said NSBO Policy Research's Short.
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USA-FED/ Fed likely to keep interest rates on hold, focus on balance sheet WASHINGTON (Reuters) - The Federal Reserve will conclude its latest policy meeting on Wednesday with interest rates almost certainly to remain on hold but officials likely to discuss possible changes to how they manage the U.S. central bank's key overnight borrowing rate.
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Net interest margins - the difference between borrowing rate and interest earned on loans - is expected to fall by 20 basis points year-on-year for the big banks, according to Daiwa Capital Markets' Leon Qi. To address the strain on bank capital reserves, China's policymakers have introducing new measures, including debt-for-equity swaps and the securitisation of NPLs.
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