"Carriers have a very narrow band around the rate plan, and once you get outside that band they make a lot of money, " says the chief executive of Traq-wireless , an Austin, Tex. firm that analyzes corporate cell phone bills for a fee.
Now there is just one rate that trades within a narrow band with a reference rate set by the central bank daily in conjunction with local financial institutions.
The crises of the 1990s did, however, tend to have one thing in common: they all had some kind of fixed exchange rate, often a fixed peg or link to another currency, usually the dollar, or an exchange-rate band, again usually linked to the dollar.
The Land and Building Transactions Tax (Scotland) Bill, has raised the prospect of bringing in the "nil rate" band, and at least two other bands.
Bank Indonesia is more pragmatic than the Bank of Thailand, widening the rupiah's exchange rate trading band to 8% and ensuring more flexibility in monetary policy.
Mr Bhalla also takes issue with a suggestion that the Reserve Bank adopt an exchange-rate target a band of plus or minus 5% around a currency-weighted rate.
It also kept the band for its benchmark interest rate at zero-0.25%.
Police commissioner Alan Charles said the tax rate in the A band will increase by just under 2%.
The Hungarian forint, which moves in a band either side of a central rate against the euro, is trading within a whisker of its upper limit, even after a cut of three-quarters of a point on February 21st.
There are bonds whose yield depends on the federal funds rate staying within a specified band.
For years, Jake had been touring second-rate halls and clubs with his own band.
It promises to keep the shekel's market value within a band seven percentage points above or below a central rate.
We think recent developments are consistent with a low recession probability, say 20% through September 2008 as discussed in "Extra Rate Cut A Big Deal, Not A Band-Aid" on Sept. 19.
Look, say the pundits, at the net effect of his new lower income-tax band (starting next month), the cut in the basic rate of income tax from 23% to 22%, the changes to national insurance, the abolition of the married couples' tax allowance and the mortgage-interest allowance (all starting a year from now), the new child tax credit (from 2001), etc.
But each time some future Congress tries to raise the rate for contract protection, payers would have a natural inclination to band together and lobby to expand the base to cover more free-riders as an alternative.
Even so, China could still introduce some flexibility into its exchange rate, and so regain control of monetary policy, by adopting a wider band or by pegging to a currency basket rather than just to the dollar.
ECONOMIST: It is time for China to unshackle the price of money
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