...charge by one bank to another for lending overnight, and also used by central bank to determine supply of reserves ) will determine other interest rates in the economy
2 Answers · Social Science · 06/10/2009
The minimum Lending Rate is set by the central bank of the country concerned. When it is lowered any individual interest earning account usually is subject to a lower rate of interest ...
2 Answers · Business & Finance · 25/09/2012
1 Answers · Social Science · 12/10/2011
...not an expert on Aussie history, but it would be my assumption that high interest rates in Australia back in the 80s/90s were because of inflation. And the best way to curb inflation is through ...
1 Answers · Social Science · 10/07/2008
yes since countries went off the gold standard they all do this!!!
2 Answers · Business & Finance · 03/11/2008
It will be devalued or depreciated against the dollar. But it might be hard because the fund rate in the US is and will be near zero until 2014.But it will be against the Euro.
3 Answers · Social Science · 09/06/2012
No. I don t think so. They only change the interest rate that we have to pay. I think banks would stop if they were smart enough.
1 Answers · Social Science · 15/10/2008
...it. When a national reserve bank raises its interest rate , the currency becomes.... The price of oil is ... interest rates in Australia or a rise in interest rates ...
2 Answers · Social Science · 29/01/2008