Federal funds rate Current Affairs, GK & News
The United States Federal Reserve has announced a quarter-percentage-point cut in interest rates. This was the first-rate cut in 11 years- the first since the global financial crisis broke in 2008. The rate cut marked a departure from the hawkish rate-hike trajectory of US Federal Reserve moving in the direction of bolstering the debt-laden American economy. ..
Topics: Economy • Fear of floating • Federal funds rate • Inflation • Interest rate • Interest Rates • International macroeconomics • Macroeconomics • Mathematical finance • Monetary Policy • Money • Social economic analysis • US Federal Reserve
After linking its short-term loans and large savings deposits rates to the repo rate, the State Bank of India (SBI) has decided to introduce a repo rate-linked home loan product from July 1. The home loans under this product will be priced at 2.65% over the repo rate of 5.75%. So, the home loan interest ..
Topics: Economy • Federal funds rate • Finance • Finance in India • Interest rate • Interest Rates • Loans • Monetary Policy • Money • Official bank rate • Repurchase agreement • Reserve Bank of India