References in periodicals archive ?
Older mechanism based on interbank borrowing rates did not reflect the actual interbank rates as most interbank loans/deposits are too short term in nature.
Richard Xu, head of China bank research at Morgan Stanley (NYSE: MS), said, 'This year we expect that yields on new loans will rise by about 60 basis points in 2018 and 2019, while interbank rates will rise much more slowly than they did last year.
Summary: Interbank rates fell to an average of 8-10 percent from 40 percent last week after Prime Minister Saad Hariri officially withdrew his resignation, bankers said Wednesday.
3% in July while the overnight interbank rates rose to 2.
Saudi Arabia's slowing economy, tighter liquidity and rising interbank rates mean investors should avoid the country's banks, Dubai-based Arqaam Capital said.
Interbank rates have already been rising in anticipation and as bank liquidity came under some pressure.
However, cheap oil is also driving up interbank rates, raising the costs of corporate and consumer loans, and that will eventually give a further blow to investment and consumption.
Average customer deposit rates on dinar time deposits, and interbank rates were steady in July.
The Libor scandal erupted in 2012 when British bank Barclays was fined Au290 million by British and US regulators for attempted manipulation of Libor and Euribor interbank rates between 2005 and 2009.
The decision of certain banks to leave the Euribor panel following the scandal over manipulation of Libor and Euribor has raised doubts over the credibility and viability of these interbank rates.
After a significant growth at the middle of the week (due to end of period of averaging the required reserves in CBR), interbank rates are likely to face the first tax payments at the highs they have already reached.
Central bank of UAE scrutinised interbank rates that had been relatively high and these subsequently declined somewhat and then remained steady," he said.