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(Bloomberg) -- A Bank of Canada official said a recent change in how the central bank sets its deposit rate is working to improve the functioning of money markets, lowering borrowing costs.

A major chunk of banks’ liabilities is deposits, particularly, time deposits, as they carry a higher contracted rate of interest. Pensioners, small and high net worth individuals, and corporates ...

The best CD rates have mostly held steady due to the Fed pausing rates so far this year. But one large U.S. bank has been ...

MUMBAI: RBI governor Sanjay Malhotra in his maiden monetary policy committee (MPC) meeting had said that it was an 'appropriate time' to cut rates, given the macroeconomic outlook and expected ...

A Bank of Canada official said a recent change in how the central bank sets its deposit rate is working to improve the functioning of money markets, lowering borrowing costs. Central bank policymakers ...

She’s urging officials to debate when to pause or cease lowering borrowing costs, saying that with the deposit rate at 2.75%, it’s unclear whether policy is still restrictive. Villeroy’s ...

For those looking to lock up their hard-earned money in another term deposit, time may be of the essence.” Compare the Market economic director David Koch said any cut to interest rates would be ...

banks do fail from time to time. Cooperative banks, especially. Given the hardship caused to depositors, the case for deposit insurance is beyond dispute. But is raising the quantum of coverage ...