| The interest rate applicable to the customer is recalculated on each reset date on the basis of the reference rate prevailing. |
| Now in the news, the Fed raises a key interest rate, despite signs the economic rebound may be slowing. |
| Also, the return to a zero interest rate policy by the Bank of Japan signals its intent to reflate the economy. |
| As we saw in the US earlier in the year, the immediate reaction of share prices to interest rate reductions tends to be positive. |
| The quantum and the interest rate are not known, according to sources in the banking industry. |
| You'll either be turned down flat or you'll be charged a higher-than-usual interest rate. |
