Interbank in a sentence

Consequently, interbank rates have fallen across all tenors, including the overnight interbank rate as the operational target of monetary policy, which continues to converge on the policy rate at 5.04% in October 2019.

A downgrade by a credit agency, such as S&P or Fitch, could trigger an interbank lending crisis, either at a local or international level in the case of a country downgrade.

Egypt also agreed to make its monetary policy more efficient by giving up most of its subsidised lending schemes and ensuring that interbank interest rates remain “steadfastly tied” to the central bank’s interest rate corridor.

Pakistani rupee gained strength against the US dollar as the greenback was being traded at 273.33 rupees in the interbank on Wednesday, according to the State Bank of Pakistan.

The Euribor is a pan-European interbank interest rate which European banks use when lending money to each other.

At the interbank foreign exchange market, the local unit opened at 83.44 against the greenback.

He has experience analyzing, trading, and negotiating fixed-income securities, including bonds, money markets, and interbank trade financing, across markets and currencies.

Interbank rates remained high, although liquidity levels in the financial sector increased following a series of inflows reported last week.

It complements the two-way quote system deployed over the past few months to enhance liquidity in the interbank market, through which over $305 million of foreign exchange has been sold to authorised dealers in the last three weeks.

An elevated liquidity pool means interbank rates will likely remain steady despite massive demand for cash during large stock sales.

Dzatsunga said civil servants are demanding the lowest paid among them to get US$475 equivalent at the prevailing interbank rate in the face of the spiralling cost of living, where the bread basket for a family of six is now pegged at ZWL$4 000.

Ghana Interbank Payments and Settlements System report has shown that the movement of funds from bank accounts into mobile money wallets or accounts recorded 1224% growth in 2019.

In October-December 2019, the volume of interbank operations has increased more than 2 times relative to the average values in previous quarters.

It holds to reason that the RBI should treat the interbank repo rate as an additional guidepost for its liquidity operations.

The Federal Reserve increased its balance sheet to almost US$500 billion after adding about US$200 billion to short-term repo fund for interbank lending.

The non-current loan and current non-trade amount owing by a third party are unsecured, bear interest at 6-month Kuala Lumpur Interbank Offered Rate + 0.5% premium and are repayable on demand.

The Refinitiv Spot matching platform will serve as the market standard for interbank trading in lots of a minimum size of US$250,000.

The semblance of stability in the interbank is due to its quasi-market status where there are more willing buyers and many unwilling sellers — it is not a mature market.

According to the directive, thereafter, proceeds from sale of such shares will be sourced from the interbank market at the prevailing exchange rate.

As a result of the higher interbank rates, the Hong Kong dollar rose as much as 0.2% to its strongest since last December.