The currency exchange rate a bank quotes, valid with immediate effect.
The currency exchange rate a bank quotes, valid with immediate effect.
More terms
index-linked gilts
Gilts where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI). This is as opposed to a conventional gilt, where the dividends and principal repayments are fixed in nominal terms.
An index published each month by the Office for National Statistics, which measures the level of retail prices in the UK. Cash flows on all index-linked gilts are linked to the RPI.