Word: ratings
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Dates: during 1920-1929
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Coincident with the Reserve Board's statement came the announcement that the Bank of England had raised its rediscount rate from 4½% to 5½%. With the New York rate at 5% the effect of this change will be to decrease the flow of gold from England...
...Discount Rate. As for rediscount rates, here again it is the province of the twelve Reserve banks (not of the board) to initiate rate changes?. Here the Reserve banks have a specific and unquestioned method of making it expensive to borrow money. But this method cannot be indiscriminately applied. In the first place, a high discount rate will attract money from foreign countries. More important, however, is the fact that the Reserve bank cannot make it harder for the speculator to borrow money without making it correspondingly harder for the businessman or the farmer to borrow money. A rise...
...ideal rediscount rate is a rate that is high enough to discourage speculative borrowing and low enough to encourage industrial borrowing. The determination of such a rate is obviously a delicate matter involving many considerations other than bulls and bears alone. The New York rediscount rate has, however, been raised three times in the last year (though without any withering effect on the market), t was not raised following the Reserve Board's proclamation of last week...
...rediscount rate is the rate at which a Federal Reserve bank discounts loans to member banks...
Coincident with copper's rise came a 5% wage increase for workers in Anaconda, Phelps-Dodge and other copper companies in Arizona, Utah. Also, Anaconda raised its dividend rate from $6 to $7?Anaconda's third dividend rise in the past year...