In the money market, a tightening of the market will not necessarily be translated into a change in overnight interest rates, as these rates have been at around zero. For example, even when concern about financial system stability intensified in autumn 2002, the unsecured overnight call rate stayed at 0.001 percent.
Both government and the private sector have an important role to play in meeting the skills shortage of the economy. Though it may seem modest, this fundraising dinner furthers empowerment through granting learning opportunities to the disadvantaged, thus adding to the skills base and increasing economic opportunity and upliftment in areas around St Mark’s.