The interest rate on new loans of over EUR1 million with a floating rate and an initial rate fixation period of up to three months increased by 7 basis points from the previous month to 1.16%, driven by the interest rate effect
. The rate for new loans of the same size with an initial rate fixation period of over ten years decreased by 10 basis points to 1.48%.
"It should see its July rate effect
first," he said.
Including a negative exchange rate effect
of -1.5%, sales of [euro] 363 million were recorded (Q3 2017: [euro] 389 million).
Summary: In May 2019, the banking sector loan portfolio increased 14.8% y/y after growing 13.1% y/y in previous month, excluding the exchange rate effect
In contrast to previous years, this increase is not only the result of the exchange rate effect
, since the dinar depreciated by only 8.9% against the dollar between end-June 2018 (1 dollar = 2,640 dinars) and end June 2019 (1 dollar = 2.874) while vis-a-vis the euro the country's currency depreciated by only 4.2% from 3.138 dinars to 3,270 dinars between the two dates.
RBA's Lowe repeated that the risks to the outlook is tilted to the downside, although he also seemed to warn against a global race to lower rates, saying if everyone is easing the exchange rate effect
, which is an important part of the impact of rate cuts, is offset and lost.
The volume of lending by commercial banks (including loans to non-residents) in January 2019 decreased by 170.2 million GEL or by 0.6 percent compared to the previous month (exchange rate effect
excluded volume of lending decreased by 0.2 percent) and constituted 26.4 billion GEL by February 1, 2019.
Zhang et al., "Further investigation on the real rate effect
of dynamic tensile strength for concrete-like materials," Latin American Journal of Solids and Structures, vol.
However, there is no research about the analysis of strain rate effect
on transmission tower-line system at present.
Turning to the individual effects, the variable rate effect
was generally the most crucial contributor to lower debt service, with the median countries in the four regions saving between 0.2% of GDP (Asia Pacific) and 0.4% of GDP (Emerging Europe) in 2005, the size of the impact obviously driven by the ratio of variable rate debt to GDP.
The demographic share effect is -0.1, implying that the 5.7 percentage point increase in poverty during this period is the result of increases in the poverty rates for both native- and foreign-born New Yorkers (the "within-group rate effect
"), rather than a shift toward the group with the higher rate in the initial period (the "demographic share effect").
An illustration of the count rate effect
is seen in Fig.