26 (Petra) -- Speaker of the House of Representatives Atef Tarawneh Monday called on the House's Economy and Investment Committee and the Financial Committee to convene with specialists to study the Central Bank of Jordan's (CBJ) recent decision to lower the bank's benchmark interest rate
. The two committees are expected to hold an open meeting on Tuesday at 2:00 pm with a number of specialists and concerned bodies.
'Given our expectation for inflation to stabilise, we at Fitch Solutions forecast the State Bank of Pakistan (SBP) to maintain its benchmark interest rate
at 12.25pc throughout 2019.' The SBP earlier this week announced a 150 basis points increase in its benchmark interest rate
to 12.25pc following a 5.7pc devaluation of the rupee to around Rs148 per dollar on May 17, from around Rs140 previously.
If those estimates prove to be correct, the central bank would likely start reversing some of last year's policy tightening when it meets on Thursday either by cutting the benchmark interest rate
or the reserve requirement ratio (RRR) or both, a majority of economists in the poll said.
The National Bank lowered the benchmark interest rate
by 0.25 percentage points, from 2.50 to 2.25 percent.
On Wednesday, the apex bank kept its benchmark interest rate
unchanged at a record low of 1.50 percent.
ISLAMABAD -- In contrast with market expectations, the State Bank of Pakistan (SBP) increased the benchmark interest rate
by 25 basis points to 10.25% on Thursday for the next two months.
LIBOR is a benchmark interest rate
that affects financial instruments "worth trillions of dollars and has a far-reaching impact on global markets and consumers," says Underwood in statement.
On Thursday, the apex bank kept its benchmark interest rate
Mongolia's central bank has raised the benchmark interest rate
by 1 percentage point to 11 percent.
New benchmark interest rate
for hedge accounting to be published.
KARACHI -- The average profit margin of banks has improved with lending yield on outstanding loans surging to an 18-month high of 8.08% in July, a development that comes after rates were adjusted in line with the benchmark interest rate
Korea should prepare for widening interest gap The US Federal Reserve raised its benchmark interest rate
by 025 percentage points to a range of 175 to 2 percent Wednesday.