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December 10, 2002 1.25% 0.75% 12–0 Official statement: November 6, 2002 1.25% 0.75% 12–0 Official statement: September 24, 2002 1.75% 1.25% 10-2 Official statement Governors Edward M. Gramlich and Robert D. McTeer, Jr. voted against the action (in favor of a reduction of the fed funds rate target). August 13, 2002 1.75% 1.25% 12-0 Official ...
While the federal funds rate target is seen being trimmed by a quarter-percentage-point to between 4.25% and 4.50%, the reverse repo rate, or RRP, is seen falling to 4.25% from its current setting ...
The Fed said that the reverse repo rate will now stand at 4.25% from its prior level of 4.55%, marking a 30 basis point easing, while it lowered the federal funds target rate range by a quarter ...
The IMM dates are the four quarterly dates of each year which certain money market and Foreign Exchange futures contracts and option contracts use as their scheduled maturity date or termination date. The dates are the third Wednesday of March, June, September and December (i.e., between the 15th and 21st, whichever such day is a Wednesday).
The rate at which the RBI lends to commercial banks is called the repo rate. In case of inflation, the RBI may increase the repo rate, thus discouraging banks to borrow and reducing the money supply in the economy. [17] As of September 2020, the RBI repo rate is set at 4.00% and the reverse repo rate at 3.35%. [18]
Fed policymakers last month kept their policy rate in the 4.25%-4.50% range. Fed Chair Jerome Powell said this week he feels policy needs to stay restrictive until there is better progress on ...
NEW YORK (Reuters) -The Federal Reserve's reverse repurchase window on Wednesday took in $503 billion in cash, hitting a record peak for a third consecutive session, as financial institutions ...
For the LAF, two rates are set by the RBI: repo rate and reverse repo rate. The repo rate is applicable while selling securities to RBI (daily injection of liquidity), while the reverse repo rate is applicable when banks buy back those securities (daily absorption of liquidity). Also, these interest rates fixed by the RBI also help in ...