MCLR, introduced by the RBI in 2016, determines the minimum interest rate banks can lend, replacing the base rate system. It ...

The Hong Kong Monetary Authority (HKMA) left its base rate unchanged at 4.75% on Thursday, in line with the U.S. Federal ...

Savers will have “rich pickings” ahead of the new tax year as the Bank of England base rate remains on hold, but homeowners ...

The State Bank of India (SBI) has announced unchanged marginal cost of funds-based lending rates (MCLR) for various loan ...

The 6-member Monetary Policy Committee (MPC) meeting on February 7, 2025, slashed the rate of repo by 25 basis points, ro ...

Michael Adams is a former Cryptocurrency and Investing Expert Editor at Forbes Advisor. He's researched, written about and practiced investing for nearly two decades. As a writer, Michael has ...

Its primary goal is to achieve a steady inflation rate of 2%. Its tool for achieving this is via the adjustment of base lending rates. The BoE sets the rate at which it lends to commercial banks ...

The prime rate is a base rate set by Canadian banks to determine the variable interest rates they can charge on lending products, such as mortgages and loans. Many or all of the products featured ...

The Bank of Canada has cut its overnight lending rate by 25 basis points to 2.75 per cent, it announced on Wednesday, as an ...