The Marginal Cost of Funds Based Lending Rate (MCLR) is calculated by taking into account various components of a bank's cost of funds. The formula used to calculate MCLR in India is as follows ...

That all changed after the COVID-19 pandemic when you could finally park your cash in a high-yield savings account and earn a decent interest rate. Rather than being the exception, this was the ...

Borrowers hoping for more financial relief from the Federal Reserve may have a wait on their hands, as the central bank is hit the pause button on additional rate cuts at its Jan. 29 meeting.

Westpac’s chief economist Luci Ellis says a rate cut “is on” pushing forward by three months her prediction the Reserve Bank will cut the official cash rate from 4.35 cent at its February ...

Wall Street thought the Fed was done lowering interest rates — at least for now. The Jan. 29 announcement of a "pause" proved the money runners were right. "We're not doing anything," the Fed ...

The OMO auctions will take place on 30 January, and 13 and 20 February. It will also conduct a 56-day variable rate repo (VRR) auction of ₹50,000 crore on 7 February and a dollar-rupee sell swap ...

If you pay attention to financial news, you may have heard the term “prime rate” and wondered what it meant. You might have even confused it with the federal funds rate or your loan’s ...

A basis point equals 0.01%. The terminal rate, or the long-run nominal rate, edged up again, now standing at 3.4%, one-tenth of a percentage point higher than December, and three-tenths higher ...

The real economic growth rate removes inflation in its measurement of economic growth, unlike the nominal GDP growth rate. Real GDP can be calculated by adjusting nominal GDP by inflation.

Faced with a solid economy and mounting inflation concerns, the U.S. central bank has said it will “move cautiously” on cutting interest rates. By Colby Smith Reporting from Washington At the ...

Washington-The US Federal Reserve is expected to announce a pause in rate cuts on Jan 29, as policymakers look to continue tackling inflation under close and vocal scrutiny from President Donald ...