Exact(1)
The Bank of England was forced to raise discount rates daily for three days from 3% on July 30 to 10% by August 1.
Similar(54)
Even Southwest Airlines, which limits its highest ticket price to $299 each way, said it was raising discount fares from many major cities, but only by $1 to $3 one way.
We cut our rating to equal weight and target price to 500p [from 600p], reflecting lower earnings per share estimates and raised discount rate to 10.5%.
The plane offers a mechanical advantage in that the force required to move an object up the incline is less than the weight being raised (discounting friction).
B. sell securities on the open market and raise the discount rate.
D. buy securities on the open market and raise the discount rate.
The regional Fed board votes to raise the discount rate are a signal to the board of governors about their preferences for policy.
The data on consumer prices beat Wall Street forecasts, and helped calm some of the nervousness that emerged on Wall Street after the Fed said it would raise the discount rate.
Nor did they question the Fed's decision last week to raise the discount rate on loans it charges to banks, a largely technical but widely noticed step to normalize lending.
The Philadelphia Fed board voted on Aug. 3, just two days after the arrival of Charles I. Plosser, 57, its new president, to raise the discount rate by a quarter point, reversing July calls to leave the rate unchanged.
Monetary policy, like fiscal policy, may also be used to combat inflationary tendencies by reversing the above measures; the central bank will then sell government securities (thereby increasing interest rates and reducing the supply of private credit and money), raise the discount rate, or increase reserve requirements.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com