Some time early this century, the PLR was replaced by BPLR or benchmark PLR, which was supposed to factor in the actual cost of funds, operating expenses and regulatory requirements, provision for bad loans as well as profit margin. … [Read more...] about Why don’t banks pass on rate cut benefits to customers?
"We continue to believe the Fed will formally adopt some form of average inflation targeting, most likely a 'fuzzy' version which formalizes the committee's desire to have inflation run modestly above 2 percent in the strong part of the business cycle, but stops short of a mechanical commitment to make up for below-target misses." … [Read more...] about Fed likely to hold interest rates steady: Analysts
Mounir Rached, president of the Lebanese Economic Association, told Xinhua that Lebanon does not qualify for financial support from the IMF because the central bank, according to its official balance sheet, has 30 billion U.S. dollars in foreign reserves and 15 billion dollars in gold. … [Read more...] about Roundup: Lebanon needs IMF’s technical assistance: experts