Table 74 : Structure of Interest Rates
| (Per cent per annum) | ||
|---|---|---|
| Year (as at end March) | Call/ Notice Money Rates | Lending Rates* |
| 2010-11 | 5.89 | 8.25-9.50 |
| 2011-12 | 8.22 | 10.00-10.75 |
| 2012-13 | 8.09 | 9.70-10.25 |
People also ask, did interest rates go up in 2008?
Now, the Fed actually did a good job in this first part of the crisis. It aggressively cut interest rates from 5.25 percent in September 2007 to 2 percent in April 2008. And it midwifed a deal for Bear Stearns—taking on $30 billion of its crappiest assets—to prevent an all-out panic.
Similarly one may ask, what was the average interest rate on a savings account in 2010?
In 2017, the personal savings rate is 5.90 percent. Like savings account rates, CD and money market account rates have also declined over time, though not as drastically. In 2010, 12-month CD rates and money market rates were 0.71 percent and 0.29 percent, respectively.
What was the interest rate in 1982?
By October 1982, inflation had fallen to 5 percent and long-run interest rates began to decline. The Fed allowed the federal funds rate to fall back to 9 percent, and unemployment declined quickly from the peak of nearly 11 percent at the end to 1982 to 8 percent one year later (Federal Reserve Bank of St.
What was the interest rate in 1985?
Money Market Interest Rates and Mortgage Rates, 1980? 2002
| Type | 1980 | 1985 |
|---|---|---|
| Federal funds, effective rate | 13.35% | 8.10% |
| Prime rate charged by banks | 15.26 | 9.93 |
| Discount rate 1 | 11.77 | 7.69 |
| Eurodollar deposits, 3-month | 14.00 | 8.27 |
What was the interest rate in 2009?
This made it extremely cheap for banks to borrow funds so they could keep mortgage rates low. As a result of this change, mortgage rates fell almost a full percentage point, averaging 5.04% in 2009.
What was the interest rate in 2012?
Average 30–year mortgage rate trends
| Year | Average 30-Year Rate |
|---|---|
| 2010 | 4.69% |
| 2011 | 4.45% |
| 2012 | 3.66% |
| 2013 | 3.98% |
What was the interest rate in 2017?
The Federal Reserve raised interest rates for the third time in 2017 on Wednesday, referencing an improving economy and labor market. At the conclusion of the Federal Open Market Committee’s two-day meeting, policymakers hiked the benchmark interest rate 25 basis points to between 1.25% and 1.5%.
What were interest rates in 2003?
Money Market Interest Rates and Mortgage Rates, 2003? 2006
| Type | 2003 | 2005 |
|---|---|---|
| Federal funds, effective rate | 1.13% | 3.22% |
| Prime rate charged by banks | 4.12 | 6.19 |
| Discount rate 1 | 2.12 | 4.19 |
| Eurodollar deposits, 3-month | 1.14 | 3.51 |
What were the home loan interest rates in 2011?
SBI Interest Rates on 1st April, 2011- For perquisite valuation
| 1. Home Loans | ||
|---|---|---|
| Loan amount | Upto Rs.30 lacs | Above Rs. 30 lacs to Rs. 75 lac |
| Interest rate during 2nd & 3 rd year | 10.25% p.a. | 10.25% p.a. |
| Interest rate for 4th & 5th year | 11.25% | 11.00% |
| Interest rate for 6th & 7th year | 11.25% | 11.00% |
Why were interest rates so high in the 80s?
The reason interest rates, which ultimately are set by the Federal Reserve, exploded in 1980 was housings’ arch nemesis, runaway inflation. … The cause was an inflationary spiral brought on by rising oil prices, government overspending and rising wages.
Will interest rates rise in 2021?
Will NZ interest rates go up in 2021 and 2022? We predict that the most common 1 year discounted fixed rate will be 2.5% by December 2021. … Economists are predicting the OCR will start to rise in late 2021 or early 2022 which will likely mean home loan rates going up at the same time.