When a Current Assumption UL policy is issued, an illustration is run to project how the policy will perform under the assumption that scheduled policy
charges are not changed (a reasonable assumption, as noted above) and that the then current crediting rate remains constant (an unreasonable assumption, because crediting rates rarely do).
In fact, Hammock is expected to attend a scheduled policy
discussion for the firm's clients that will also featureSenate President Thomas V.
EDT - In its last scheduled policy
statement before a looming referendum on the U.K.'s future in the European Union, the Bank of England's Financial Policy Committee (FPC) said Tuesday that the outlook for financial stability in the country had deteriorated since its last meeting in November, and put in place a measure that requires banks to hold more capital as an extra layer of protection against bad loans.
New Delhi: The Reserve Bank of India is expected to go for a 25 basis points rate cut on or before its scheduled policy
review meet on April 5, says a Bank of America Merrill Lynch (BofA-ML) report.
"We believe the Philippine central bank will abstain from slashing interest rates," said HSBC's economist Trinh Nguyen on BSP's scheduled policy
review is critical to ensure that the current needs of this population are being met.
Explaining the reason for reducing the repo rate ahead of the scheduled policy
review, Rajan said, " Given low- capacity utilisation and still- weak indicators of production and credit off- take, it is appropriate for the Reserve Bank to be pre- emptive in its policy action." Rajan also said that he expects banks to passing on the benefit of lower rates to customers soon.
Both rate cuts took place outside of the central bank's scheduled policy
The move was the first emergency policy change since one following the September 11, 2001 attacks for the MAS -- which only has two scheduled policy
announcements a year -- reflecting how the plunge in oil has changed the outlook in recent months.
The CBR will hold a scheduled policy
meeting today (12 Feb), as a result of which we expect the regulator to hold the refinancing rate at 8.25% (minimum auction repo rate 5.5%; maximum deposit rate 4.5%) although the risks of price instability and an economic slowdown in Russia have both intensified.
Without waiting for the scheduled policy
review due next week, RBI reduced the CRR-the portion of deposits banks require to keep with the central bank from 5.5 per cent to 4.75 per cent.
After rising sharply the previous day, the yen lost ground as caution grew after The Nikkei business daily reported Wednesday that the Bank of Japan is considering easing its monetary grips further, and that depending on market conditions, it could take action sooner than its scheduled policy
meeting in early September.