Business Definition for: Tokyo Inter Bank Offered Rate
on the Japanese money markets, the rate at which banks will offer to make deposits in yen with each other, often used as a reference rate. The deposits are for terms from overnight up to five years.
Oct 23, 2001 The Australian ABIX via COMTEX -- In real terms, a home loan rate of 3.99 for six months being offered by National Australia Bank is closer to 6.19. This is only slightly cheaper than the bank's own variable rate of 6.31....
Kyodo News International, Tokyo Knight Ridder/Tribune Business News Jul. 22--TOKYO--Major commercial banks like Mizuho Bank, and Mitsui Sumitomo Insurance Co. said Tuesday they are considering offering fixed-rate housing loans of up to 35 years, possibly from October, using funds raised by ...
During the month of April, the Federal Reserve cut interest rates, giving an unexpected push to stimulate growth in the economy. It was the fourth rate cut this year alone, with this past rate cut being the second inter-meeting cut of the year. The central bankers and the Fed cut...
MANAMA AFP — Bahrain-based Gulf International Bank announced the issuing of a 10-year 400-million-dollar subordinated floating rate note FRN. "This is a groundbreaking transaction representing the very first subordinated bond issue by a Middle Eastern financial institution," said a statement from the bank. "The subordinated FRN has a...
British banks lined up to borrow extra funds from the Bank of England yesterday after the central bank offered 5bn of loans to steady money markets amid panic caused by the crisis at Bear Stearns. The emergency operation received bids totalling 23.6bn for the three-day repo money. The...
INTERNATIONAL LENDING AGENCIES came up with a loan package worth US$3.8 billion to help Uruguay with a banking crisis and other financial problems. The package included a $1.5 billion emergency loan-which Uruguay paid back a week after it was issued--from the United States and $500 million from the Inter-American Development...
TOKYO AFP — European Central Bank chief Jean-Claude Trichet said Saturday the bank did not rule out either raising or lowering interest rates, while saying that the eurozone's economic fundamentals were sound. The ECB on Thursday left its benchmark rate at 4.0 percent. But Trichet at the time highlighted...
Stepped Tracker John Charcol Type: Stepped tracker. Description: Funded by Woolwich and offered with no extended tie-in, this mortgage is offered on a maximum loan-to-value of 80 per cent. In year one the rate is 4.99 per cent, 0.26...
TOKYO AFP — The Bank of Japan has maintained its zero interest rate policy as expected although financial markets are bracing for a rise in borrowing costs soon as deflation eases. "The Bank of Japan will encourage the uncollateralized overnight call rate to remain at effectively zero percent," the...
M2 PRESSWIRE-12 October 1998-WORLD BANK: The World Bank and the Inter-American Development Bank agree to support Brazil C1994-98 M2 COMMUNICATIONS LTD RDATE:091098 The World Bank and the Inter-American Development Bank today agreed with the Government of Brazil that they would be...
SEOUL AFP — South Korea's central bank on Thursday left its key interest rate unchanged for the eighth straight month, amid a cooling property market and subdued inflationary pressure. After a monthly policy-setting meeting, the April target for the call rate remains unchanged at a five-year high of 4.5...
MEXICO CITY, Jun 16, 2003 (Notimex/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- The Bank of Mexico Banxico fixed the Inter-Banking Equilibrium Interest Rate TIIE at 6.2000%, thus registering a profit of 0.1500% compared to the previous day.Banxico reported that the rate was calculated based...
THE INTER-AMERICAN DEVELOPMENT BANK said it would earmark US$5 billion for Argentina to improve the country's energy sector. A bank spokeswoman said the organization may disperse the loan over a five-year period.
Byline: Ashish Gupta May 26--The Federal Reserve Board has recently increased interest rates by 25 basis points. Interest rates have been increased for the 16th time in succession. How does it affect interest rates in India? External commercial borrowings ECBs have become more expensive...
OWINGS MILLS, Md. -- Following the announcement of the Federal Reserve's interest rate cut, Daniel C. North, Chief Economist for leading trade credit insurer Euler Hermes ACI, issued the following commentary calling for rate cuts to continue into 2008. "Yesterday, as expected, the Federal Reserve Bank cut the Fed...
The Inter-American Development Bank approved a US$75 million loan for Peru's $1.6 billion Camisea natural gas project, supporting a venture other lenders by-passed because of environmental concerns. The Washington-based IDB offered $60 million in l The Inter-American Development Bank approved a US$75 million loan...
MEXICO CITY, Nov 03, 2004 (Cronica/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- Congress is studying the possibility of applying exchange rates similar to the inter-bank interest rate to money remittances sent to Mexico by expatriates MEXICO CITY, Nov 03, 2004 (Cronica/Corporate Mexico by Internet...
THE INTER-AMERICAN DEVELOPMENT BANK, a multilateral lending institution, said it approved a US$50 million loan for Honduras. The bank said the loan would finance highway improvements along the eastern coast of the country.
THE INTER-AMERICAN DEVELOPMENT BANK, a multilateral lending institution, approved a US$500 million loan for Argentina to improve public-sector financial management. The bank will disburse the loan over 18 months
TOKYO AFP — The Bank of Japan injected one trillion yen (8.5 billion dollars) into money markets Friday amid fresh credit woes over the US subprime mortgage sector. "We offered one trillion yen ... as we judged it would be better to offer ample funds," a spokesman for the...
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