Deaf and hard of hearing callers can contact the Employment Development Department (EDD) in two ways: 1  Directly (without using the California Relay Service): By teletypewriter (TTY) at 1-800-815-9387. The TTY is a telecommunications device for the deaf and hard of hearing; this phone number does not accept voice calls.
Interest rate corridor refers to the window between the repo rate and the reverse repo rate wherein the reverse repo rate acts as a floor and the repo as the ceiling. Ideally, rates in the overnight interbank call money market, where lending and borrowing is unsecured, should move within this corridor.epo rate is the rate of interest charged by the central bank when banks borrow money from it. It is the tool through which the RBI in-fuses funds into the system by lending to banks against pledging of securities.
For example, if the nominal interest rate offered on a three-year deposit is 4% and the inflation rate over this period is 3%, the investorâs real rate of return would be 1%.While the real rate is low, at least it will preserve the investorâs purchasing power.n the other hand, if the nominal interest rate is, say, 2% in an environment of 3% inflation, the investorâs purchasing power would erode by 1% per annum. Central banks set short-term nominal interest rates, which then form the basis for other interest rates charged by banks and financial institutions.