Bank of Korea keeps key interest rate at record low 2 percent for third straight month

September 30th, 2009 Interest rates mixed at Treasury auctionWASHINGTON — Interest rates on six-month Treasury bills remained at a record low in Monday's auction, while rates on three-month bills rose. The Treasury Department on Monday auctioned $29 billion in six-month bills at a discount rate of 0.190 percent, the same as last week.

September 21st, 2009 Rates on 6-month Treasury bills hit new record lowWASHINGTON — Interest rates on six-month Treasury bills hit a record low for the fourth consecutive week. The Treasury Department on Monday auctioned $29 billion in six-month bills at a discount rate of 0.190 percent, down from 0.210 percent last week.

September 14th, 2009 Rate on 6-month Treasury bills hits new record lowWASHINGTON — Interest rates on six-month Treasury bills hit a record low for the third consecutive week. The Treasury Department on Monday auctioned $29 billion in six-month bills at a discount rate of 0.210 percent.

September 8th, 2009 Rate on 6-month Treasury bill hits new record lowWASHINGTON — Interest rates on six-month Treasury bills hit a record low for the second consecutive week. The Treasury Department on Tuesday auctioned $29 billion in six-month bills at a discount rate of 0.225 percent.

September 3rd, 2009 European Central Bank keeps rate steadyFRANKFURT — The European Central Bank has left its benchmark rate unchanged at 1 percent as markets wait for word that it may raise its economic forecasts. The ECB, which sets interest rates for the 16 countries that use the euro, will explain its decision at a press conference later Thursday.

August 31st, 2009 Rate for 6-month Treasury bills drop to record lowWASHINGTON — Interest rates on six-month Treasury bills fell Monday to the lowest point on records that go back more than 50 years. The Treasury Department on Monday auctioned $29 billion in six-month bills at a discount rate of 0.240 percent.

July 28th, 2009 Interest rates mixed at weekly Treasury auctionWASHINGTON — Interest rates on short-term Treasury bills were mixed in Monday's auction with three-month bills dropping to the lowest level in six weeks. The Treasury Department auctioned $31 billion in three-month bills at a discount rate of 0.18 percent, down from 0.19 percent last week.

July 24th, 2009 SKorea's economy grows 2.3 percent in 2nd quarterSEOUL, South Korea — South Korea's economy recorded its strongest growth in 5½ years in the second quarter as increased government spending and record low interest rates insulated it from the global recession. Asia's fourth-largest economy expanded 2.3 percent in the three months ended June 30, the Bank of Korea said Friday in a report.

July 15th, 2009 Japan's central bank keeps rates steadyTOKYO — Japan's central bank has kept its benchmark interest rate steady amid signs that the economy has ended its slide. The Bank of Japan's eight-member policy board voted unanimously to leave its overnight call rate target unchanged at 0.1 percent, as widely expected by the market.

July 2nd, 2009 Swedish Riksbank cuts rates to record low 0.25 pctSTOCKHOLM — Sweden's central bank on Thursday surprised markets by cutting its key interest rate by a quarter of a percentage point to 0.25 percent, saying the economic downturn appears to be deeper than previously forecast. It added that low official interest rates might not be enough to make financial markets recover and decided to issue loans of 100 billion kronor ($13.1 billion) to banks.

June 11th, 2009 Bank of Korea keeps key rate at record lowSEOUL, South Korea — South Korea's central bank left its key interest rate unchanged at a record low 2 percent Thursday for a seventh straight month as the country emerges from its worst slowdown in over a decade. To help support the economy amid the global financial crisis, the Bank of Korea had slashed the benchmark seven-day repurchase rate six times since early October.

June 4th, 2009 Canada keeps interest rate at record lowTORONTO — Canada's central bank is keeping its trendsetting interest rate unchanged at a historic low of 0.25 percent and says the rise of the Canadian dollar is threatening the country's economic recovery. The Bank of Canada reiterated Thursday its conditional commitment to hold the rate at a record low through June 2010.

May 13th, 2009 South Korea's jobless rate falls to 3.8 percentSEOUL, South Korea — South Korea's unemployment rate fell to 3.8 percent in April, government data showed Wednesday, adding to signs the country's battered economy is improving. The jobless rate declined from 4 percent in March, the Korea National Statistical office announced.

May 8th, 2009 Denmark cuts key interest rate to to 1.65 percentCOPENHAGEN — Denmark's central bank says it has cut its key interest rate by 0.35 percentage point to 1.65 percent. Denmark's Nationalbanken says the decision was a consequence of a rate cut by the European Central Bank earlier in the day.

January 5th, 2009 KOLKATA - The United Bank of India (UBI) has reduced its prime lending rate by 50 basis points to 13 percent effective from Jan 12, it said here Tuesday. 'With this, the existing floating rate in all corporate and retail categories borrowers such as SME (small and medium enterprises), agriculture, housing, auto and vehicle loans, as well as potential borrowers will get the benefit of reduced rate of interest,' a bank statement said.