However, both considerations mean that the true economic damage will be higher than the AMaxT rate, so we should leave some headroom in setting that rate.
The Committee remains focussed on setting Bank Rate in order to meet the 2% inflation target.
The commission says London's government should take full control of the tax, determining the number and range of bands, and each authority setting its rate, free of government constraint.
Even the most hawkish members of the Fed's interest-rate setting committee believe that the U.S. natural unemployment rate is below 6.5%.
Fueling that belief were comments from ECB president Mario Draghi, who said that "a few" members of the ECB's rate-setting committee were in favor of a rate cut.
The central bank's rate-setting Federal Open Market Committee also kept its key interest rate at zero to 0.25%.
Health plans would rather guess high when it comes to rate setting, than guess low.
FORBES: Obamacare Insurance Plans will be Expensive -- and Consumers will be left Disappointed
Instead the bank will now publish detailed forecasts from each member of its 17-member rate setting committee.
BBC: US Federal Reserve to publish interest rate projections
If they falter, the market must lose some motive power even in a prolonged low interest rate setting.
The new regulation includes criminal prosecution, removes the rate setting responsibility from the banks, and removes the BBA as administrator.
FORBES: LIBOR Liabilities: How litigation will drive down banks profitability for years to come...
The TAF facility, by contrast, allows many smaller banks to participate in setting the interest rate, overcoming a perceived reluctance of the big institutions to lend money.
Energy took an enormous step forward for the entire cleantech industry when it financed two fuel cell projects installed at electrical substations through the traditional rate setting process.
Lord Myners, his deputy, has said that he had no discussion about the "LIBOR rate setting process" and didn't speak to the Bank of England's Paul Tucker about it.
For all of its flaws, the Bloom deal in Delaware established a small window of opportunity for cleantech firms to participate in the traditional electric utility rate setting process.
On the minimum wage, the government took great care to limit its potential cost in terms of jobs, for example by setting a lower rate for those aged under 22.
Mr King will now chair the interest rate setting Monetary Policy Committee (MPC), the new Prudential Regulation Authority (PRA) to monitor individual banks, and the new Financial Policy Committee (FPC).
Medicare started paying for IMRT in 2002, setting its reimbursement rate for the procedure high to take into account the costs of the technology and the added personnel required to administer it.
Government-supported initiatives such as UK NetYear and the planned National Grid for Learning have focused on the process of connecting schools to the Internet and providing online materials, rather than on setting lower-rate or free access.
BBC: News | Education | Threat to US schools' Internet subsidy
While some economists on the alleged fringe seek the Fed's abolishment, there's a general acceptance among the profession that the Fed plays a necessary economic role in setting the short rate for cash, or the Fed funds rate.
Two-year-note yields are below 3%, and the rate-setting Federal Open Market Committee is still dithering about how far to move the rate below 4.25%.
At the same time, the U.S. Federal Reserve's Open Market Committee began a two-day rate-setting meeting.
At its last interest-rate-setting session the Fed reckoned the risks of lower inflation were slightly stronger.
The bank's rate-setting council knew it was tightening policy during a sticky period for the economy.
ECONOMIST: Europe��s monetary policy: The wages of sin | The
The BBA said that it is willing to give up its responsibility in setting the daily Libor rate.
FORBES: Libor Regulations On The Way As BBA Agrees To Surrender Duties
The Fed will also release minutes of the Sept. 16 meeting of its rate-setting Open Market Committee on Tuesday.
Rate-setting technocrats cannot permit such a large reduction unless they also drive down deposit rates by a similar amount.
FORBES: China Tries to Rescue the Economy, Depositors May Say "No"
However, for the previous three months, three members of the Bank's rate-setting Monetary Policy Committee have voted to increase rates.
Before this week's liquidity actions, financial markets expected another three-quarter-point cut at the Fed's next rate-setting meeting on March 18th.
Jean-Claude Trichet, the ECB chief, had suggested at the bank's previous rate-setting meeting, in June, that an increase was likely.
应用推荐