The local regulator said that mortgage interest rate for first-home buyers has been increased by 5-10 percent over the central bank's long-term benchmark rate
The proposed benchmark rate
is being considered by the Federal Reserve as an alternative to the London Interbank Offered Rate (LIBOR), which was tarnished by the 2012 rate-rigging scandal.
In its latest economic snapshots on Asia Pacific, the debt watcher said the benchmark rate
in the Philippines would increase by 75 basis points to 3.
9) Additionally, the FCC's 2004 Eighth Report and Order had specifically amended the relevant regulations for the precise purpose of subjecting intermediate carriers to the benchmark rate
For an Affordable Care Act exchange plan, the benchmark rate
is the "second-lowest silver premium" available in a market.
Kenya's parliament passed amendments to the banking law on 27th July setting maximum lending rates at 400 basis points above the central bank's benchmark rate
These settlements represent a significant step for Citi in resolving its legacy benchmark rate
investigations," Citi spokeswoman Danielle Romero-Apsilos said in a statement.
The rate of interest offered by a bank (for both borrowing and savings) depends on a benchmark rate
, like the London Interbank Offered Rate (LIBOR) or Emirates Inter Bank Offered Rate (EIBOR), and these are not fixed.
While the fixed protects the borrower from a rate the own rate rise in the benchmark rates
, it does not allow the borrower to take advantage or enjoy a lower rate when the benchmark rate
TruCross/FX will deliver the WM/Reuters mid-rate benchmark rate
net of fully disclosed commissions and rate adjustments, the firm said.
The Banca Nationala a Romaniei announced May 2 that it is keeping the benchmark rate
unchanged at 5.
Summary: DUBAI - Mubadala Development, a state-owned Abu Dhabi investment company, plans to pay 45 basis points above the benchmark rate
on a $2 billion credit facility it's raising, according to two bankers familiar with the plan.