Banks typically hedge their positions in exotic rate derivatives, such as Bermudan swaptions, using vanilla interest rate swaps. By doing so, they hedge their portfolio imperfectly. They can ...

Pricing and risk-managing modern exotic interest rate derivatives requires an interest rate model that has a rich volatility structure, multiple sources of randomness, ability to calibrate to a ...

South Africa's rate cutting cycle is still in full swing with economists anticipating another 50 basis points of cuts in 2026 ...

A landmark overhaul of how bank loans are priced took effect from September 1, 2025, with the Central Bank of Kenya (CBK) replacing the well-known Central Bank Rate (CBR) with a new market-based ...

Interest rates were cut four times last year, with base rate falling from 4.75 per cent to 3.75 per cent. The final cut came at the Bank of England's final meeting of the year on 18 December. The 0.25 ...

Discover how to build a CD ladder to strategically enhance liquidity and maximize interest. A step-by-step guide for balanced investing with certificates of deposit.

We study the impact of climate policy on the long-run real interest rate in a tractable climate-economy model based on the work of Golosov et al. (2014). When the growth rate of the carbon tax exceeds ...

Accord Mortgages has made changes to its affordability model including stress rate. As part of the changes, the intermediary-only lender will now be able to lend on average 15% or £37,000 more. Accord ...

Imagine it: You buy a house, and the bank offers you a single rate of interest that will keep your mortgage payments steady for the next 30 years. Pay it off early if you like, by the way: no big ...

Sam covers personal finance topics, from the best savings rates to the reasons mortgage lenders say no. He enjoys crunching the numbers to help consumers get ahead. If you click on the link and ...