Exact(2)
"In the meantime, Vodafone continues to invest for the future through Project Spring, whilst the current and projected dividend yields of around 5% are punchy given the wider interest rate environment".
Problems continue in the wider interest rate spread between small and large loans and in the absence of private equity and venture capital investors, especially for early-stage investments.
Similar(6)
A Europe-wide interest rate would make that impossible.
From 2007 to 2012, the IMF found, the correlation between the business cycle of Senegal, a country with strong trade links outside the zone, and the other countries in UEMOA was almost zero.Consequently, a UEMOA-wide interest rate is not ideal: as in the euro zone, some countries end up with the wrong rate.
In the run-up to the euro's launch, German monetary policy was constrained by the need for most European countries to converge on a single euro-wide interest rate; and fiscal policy has been kept in check by the need to comply with the single-currency countries' "growth and stability pact".
For example, a foreign exchange trader may buy the AUD/JPY currency pair, which is a frequently carry-traded pair due to the traditionally wide interest rate differential between the Australian Dollar and the Japanese Yen.
With only one Eurozone-wide interest rate to respond, the ECB was unable to avoid the eruption of what we now know as the Eurocrisis.
Meanwhile, the central bank said July 19 that it would no longer set a minimum interest rate for corporate loans — a symbolically important first step toward wider interest-rate liberalization.
Related(1)
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com