The bank has also decided to slash the interest rate that currently applies on the savings account from 2.5 per cent annual equivalent rate (AER) to 0.25 per cent from November 13th.
Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei contracted before May 2019, dropped to 1.97% a year on Tuesday (Sept 15).
Both candidates offer starkly different plans if elected president. Expect continued deficits for both.
Indian shares closed higher on Tuesday after data showed annual retail inflation eased more than expected in August, while small- and mid-cap stocks extended gains from the previous session.
In the financial world, liquidity is cited constantly but rarely explained. It’s a term used in different ways depending whether the subject is economics, markets or banks. Regardless of which context, an old market adage often rings true: Liquidity is a coward that disappears at the first sign of trouble.
The sportswear company’s shares have surged more than 18% in 2020, and analyst price targets are rising to keep pace with the stock ahead of the sportswear giant’s earnings report next week.
The central bank is unlikely to provide new forward guidance on short-term interest rates at its meeting this week.
The company has seen shares slide after a negative report, but Executive Chairman Trevor Milton just bought $1.3 million of shares.
BOSTON–EagleBridge Capital has arranged mortgage financing in the amount of $1,600,000 for the bank building located in Salem, Massachusetts.
Opposition figures reacted angrily on Tuesday after Ivory Coast’s top court rejected 40 candidates for upcoming presidential elections, validating the contested bid of head of state Alassane Ouattara but sidelining his predecessor, Laurent Gbagbo.