... aggressive interest rate policy leading to lower lending
rates and narrower interest rate spreads.
On the other hand, the results show that operating costs do not affect lending rates
and interest rate ... because of a fall in foreign interest rates implying that the effect on
the lowering of deposit rates is larger relative to the possible fall of lend...
... BEI rate
(b) Ten-year maturity
Figure 7: Nominal and Real Yields and BEI Rates
Five- and ten-year nominal and real zero-coupon US Treasury yields with associated BEI
rates and implied BEI rates ... char-
acterization of the recent shift in the term structure of US interest rates using subsample
regressions of the change in a long-term interest rate on the lagg...
... the lending and funding interest
rates, stood at 22.4% p.a. Graph 5 illustrates the evolution of the
average bank spread since January 2001 (including fixed, floating
and FX-linked interest rate ... fixed
interest rates. There are also several types of corporate credits with
fixed interest rates, including hot money, working capital, discounts of
trade bills, credit f...
... Bulletin74
4. PASS-THROUGH OF MONEY MARKET INTEREST RATES TO BANK
INTEREST RATES AND BANK LOANS
This section examines the pass-through of money market interest rates to bank lending rates and
bank loans, ... of bank interest rates but their adjustment dynamics to shocks.
The evolution of bank interest rates has been one of the most visible expressions o...
... than a few percent of
references to interest rates. Even those levels of references to real interest rates have been
dropping off precipitously. The concept of “real interest rate appears to ... related concept of the “natural
rate of interest. ”
16
Clark’s long discourse on the elementary concept of real interest rates and
Fisher’s astonishment at the lac...
... commercial banks and by flooding the system with liquidity so as to
drive short-term interest rates close to zero. Although counterparty risk is now in abeyance,
forcing short-term interest rates to ... expenditures and cutting
taxes. Central banks followed the lead of the U.S. Federal Reserve by driving down short-term
interest rates toward zero: almost exactly zero for...
... management of
4.1 Do bank lending rates depend on deposit rates?
4
Table 2 reports the test of the influence of several type of deposits rates on credit rates. While all deposit rates are ...
market interest rates movements are not necessarily fully transmitted to market interest rates with
longer maturity, the pass-through of official interest rates t...
... money, and money- and bond-market interest rates
• Policy instruments: various policy interest rates (including rediscount, re -lending, banks’
benchmark lending and deposit rates) , reserve requirements, ... frequently by PBC: RRR,
benchmark deposit and lending rates, and central bank bills.
2.2 Dual-track interest rates and the credit target
After ye...