Table 3 illustrates one link between call loan rates
and aggregate NYC bank clearinghouse deposits and reserves.
Market sources attributed the high call loan rate
to credit squeeze fears as well as growing fund demand toward banks' book closings for the fiscal first half to the end of this month.
(36) The call loan rate
did have a statistically significant seasonal pattern between January 1919 and December 1927.
Insiders say that the interbank call loan rate
in China is higher than deposit rate by at least 100 basis points, or equal to 1% per annum.
The policy board has unanimously decided to leave the unsecured overnight call loan rate
in a zero percent to 0.1 percent range.
At the end of two-day policy meeting, Bank of Japan's (BOJ) Governor Masaaki Shirakawa and his six board colleagues voted unanimously to keep the unsecured overnight call loan rate
The Bank of Japan (BOJ) has decided to keep the bank's unsecured overnight call loan rate
target unchanged in a range of 0.0 to 0.1 percent on Thursday.
The Bank of Japan has decided to leave its overnight call loan rate
unchanged, reports Dow Jones.
The central bank's efforts to reduce idle funds have helped raise the overnight call loan rate
among financial institutions on the island.
Under the zero interest rate policy of pegging the call loan rate
close to zero, life insurers had kept funds in ordinary deposits with a higher interest rate of 0.05%.
The policy board of Japan's central bank has also voted unanimously to leave the unsecured overnight call loan rate
at 0.1 percent, where it has been since December 2008.
Under the ultra-easy monetary policy adopted in February 1999, the BOJ steers the unsecured overnight call loan rate
as low as possible to prop up economic activity.