Economists call this chain of developments the transmission mechanism. My focus here is on the first link in that chain. With a change in the overnight rate, other interest rates along the maturity ...

Experts predict slow transmission of repo rate cut to bank lending and deposit rates due to competition for resources.

The Reserve Bank of India (RBI) recently cut the repo rate by 25 basis points to 6.25%, influenced by a decline in GDP growth ...

See website for details. The average interest rate on checking accounts can vary week to week. Here’s a look at the current average so you can compare APYs when shopping around. What Is a Good ...

There's a big difference between national average savings rates and the top interest rates available. In part, that's because different types of banks often have very different rates. By contrast ...

With more than three years of experience as a personal finance writer, Jamela Adam simplifies complex money topics to help readers become experts at managing their finances. Her work has been ...

With a new year comes new legislative sessions, and new attempts by special interest to craft laws to their own advantage. A ...

The Central Bank of Nigeria (CBN) has confirmed that the 299th meeting of its Monetary Policy Committee (MPC), initially scheduled ...

You're almost always better off going with federal student loans because you're likely to get a lower interest rate, and they come with special benefits and protections. However, you can only ...

Interest rate changes by RBI work mostly through credit channels in a bank-dominated financial system. Experience over the ...

However, banks have refrained from cutting their Marginal Cost of Fund based lending rate (MCLR) which are largely offered to ...