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The three-month inter-bank rate had hit highs of 6.75% last month, one full percentage point above the central interest rate.
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On Tuesday it dropped to 6.24% from 6.26%, further narrowing the spread between the inter-bank rate and the key central bank interest rate, which is currently 5.75%.
A recent European Central Bank interest rate increase is unlikely to make near-term industrial recovery any easier.
Two assumptions central to interest rate parity are capital mobility and perfect substitutability of domestic and foreign assets.
Central banks' interest rates would simply target consumer prices.
Falling central bank interest rates will increase investors' appetite for risk more than slower global growth will depress profits.
They are used as a barometer to measure the health of the banking system and as a gauge of market expectation for future central bank interest rates.
Because central bank interest rates have already declined to negative rates in many EU countries.
If you go back to 2009, nobody foresaw that the central bank interest rates, having gone to zero, would be there six years later.
She said a backlash against central banks' low interest rate policies also endangered cheap credit, a key driver of growth.
The central bank's interest rate has been held at 0.5% for four years.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com