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3:11
MPC Official Bank Rate Votes
GBPUSD...
published: 21 May 2014
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2:41
141106 GBP Official Bank Rate Trap Trade +5ticks +30usd r2
To test JOBB for yourself: https://jobracketbreakout.net/secure/aff/go/nicolas...
published: 10 Dec 2014
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8:51
BOE MPC Official Bank Rate Decision 10 08 09 Currency News Trading
For More Details : www.currencynewstrading.com...
published: 24 Jul 2014
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2:39
The Reserve Bank and interest rates: Explained - Selwyn Cornish, ANU, April 2010
Why does the Reserve Bank of Australia set interest rates for the country and how are inte...
published: 07 May 2010
author: ANUchannel
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1:37
GBP Asset Purchase Facility-Official Bank Rate 6-3-2014
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published: 06 Mar 2014
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2:26
GBP Asset Purchase Facility - Official Bank Rate 9-1-2014
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published: 09 Jan 2014
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4:15
BOE Official Bank Rate Decision 08 06 09 Currency News Trading
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published: 24 Jul 2014
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2:56
Official Bank Rate GBP
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published: 08 May 2014
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0:52
GBPUSD Official Bank Rate
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published: 06 Oct 2011
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2:57
Reserve Bank: Official cash rate at 2.5 per cent
Reserve Bank governor Alan Bollard kept the official cash rate at 2.5 per cent at his fina...
published: 14 Sep 2012
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2:43
Macquarie Bank February interest rate report – Rates cut to 2.25 per cent
The Reserve Bank of Australia Board held its first meeting for 2015, cutting official inte...
published: 03 Feb 2015
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2:11
Reserve Bank cuts official cash rate
The Reserve Bank has cut the official cash rate for a second month in a row citing a weake...
published: 05 Jun 2012
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1:33
Special 90 at 9: Reserve Bank keeps official Cash Rate at 2.50%
Bernard Hickey with detail on the RBNZ's decision to keep the Official Cash Rate at 2.5%. ...
published: 11 Jun 2009
author: ofInterestNZ
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2:47
official cash rate to 8%
The Reserve Bank of New Zealand has cut the official cash rate to 8% from 8.25%, it's firs...
published: 24 Jul 2008
author: ofInterestNZ
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The official bank rate (also called the Bank of England base rate or BOEBR) is the interest rate that the Bank of England charges Banks for secured overnight lending. It is the British Government's key interest rate for enacting monetary policy. It is more analogous to the US discount rate than to the Federal funds rate. The security for the lending can be any of a list of eligible securities (commonly Gilts) and are transacted as overnight repurchase agreements.

When an announcement of the change in interest rates is made this is the rate the Bank of England is changing. Changes are recommended by the Monetary Policy Committee and enacted by the Governor.

When banks have any shortage of funds, they can borrow it from Reserve Bank of India or from other banks. The rate at which the RBI lends money to commercial banks is called repo rate, a short term for repurchase agreement. A reduction in the repo rate will help banks to get money at a cheaper rate. When the repo rate increases borrowing from RBI becomes more expensive.[1]. the repo rate in India is currently 8.5 % as of February 24, 2012. On 17 April 2012 it has been reduced by 50 basis points to 8%.




This page contains text from Wikipedia, the Free Encyclopedia - http://en.wikipedia.org/wiki/Official_bank_rate

This article is licensed under the Creative Commons Attribution-ShareAlike 3.0 Unported License, which means that you can copy and modify it as long as the entire work (including additions) remains under this license.