Danish central bank lowers key interest rate to 1.65 percent, following ECB cut

October 8th, 2009 ECB leaves rates unchangedFRANKFURT — The European Central Bank left its key interest rate unchanged at 1 percent on Thursday. Analysts had widely expected the bank to hold rates steady at its meeting in Venice.

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.

July 28th, 2009 MUMBAI - The Reserve Bank of India (RBI) Tuesday unveiled the first update of its monetary policy for this fiscal here Tuesday with no major changes in key rates, in line with the predictions and expectations by analysts. Despite a sharp upward revision in India's growth rate, concerns over inflation forced RBI Governor D.

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 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.

June 4th, 2009 Russian central bank cuts interest ratesMOSCOW — Russia's Central Bank on Thursday cut its key interest rate by half a percentage point to 11.5 percent — the third time since April it has slashed borrowing costs to help its economy through recession. The bank said in a statement that the new refinancing rate will be effective Friday.

May 9th, 2009 Iceland cuts interest rates to 13 percentLONDON — Iceland's central bank has cut official interest rates by 2.5 percentage points to 13 percent to help the country's troubled economy. It is the third cut in rates this year by the central bank, called Sedlabanki.

May 9th, 2009 Czech central bank cuts interest rates to 1.5 pctPRAGUE — The Czech Republic's central bank has cut its key interest rate by a quarter percentage point to 1.5 percent to help the economy combat reccession. It is the lowest rate since the country came into existence after the split of former Czechoslovakia in 1993.

April 30th, 2009 NEW DELHI - Public sector lender Punjab National Bank (PNB) has reduced its benchmark lending rate by 50 basis points to 11 percent, it announced Thursday. The benchmark prime lending rate (BPLR) has been slashed from 11.5 percent to 11 percent from Friday, the bank said in a statement.

April 21st, 2009 MUMBAI - India's Central bank cut key rates Tuesday by 25 basis points in a move to infuse more liquidity into the system and stimulate lending growth. The Reserve Bank of India (RBI) cut the repo rate by 25 basis points from the current 5 percent to 4.75 percent, while the reverse repo rate has been brought down to 3.25 percent from 3.5 percent earlier.

March 5th, 2009 NEW DELHI - With the economic growth rate for the third quarter falling to 5.3 percent - the lowest since 2003 - the Reserve Bank of India (RBI) Wednesday evening announced monetary stimulus in the form of reductions in the repo rate and the reverse repo rate by 50 basis points each. The repo rate (rate at which banks borrow money from RBI), which was last revised Jan 2, will now come down to 5 percent, while the reverse repo rate (rate at which RBI borrows from the banks) has come down to 3.5 percent.

January 26th, 2009 MUMBAI - India's central bank decided to maintain status quo on key rates and lowered the country's growth target for this fiscal to seven percent as it presented the third quarter review of its monetary policy here Tuesday. The benchmark bank rate, the repurchase rate, the reverse repurchase rate, the cash reserve ratio (CRR) and the statutory liquidity ratio (SLR) were all kept unchanged by Reserve Bank of India (RBI) Governor D.

January 24th, 2009 NEW DELHI - The recent rate cuts by the central bank have not helped the corporate sector as banks have not lowered their lending rates, an industry lobby said Sunday. According to the Associated Chambers of Commerce and Industry (Assocham), 78 percent of the 150 chief executives and managing directors polled in a recent survey said the liquidity crisis persisted despite the Reserve Bank of India (RBI) reducing rates, as banks are not willing to lend money.

January 1st, 2009 MUMBAI - In a bid to lower the cost of borrowings for commercial banks, the Reserve Bank of India (RBI) Friday cut the both the repurchase and reverse-repurchase rates by 100 basis points each, while reducing the cash reserve ratio (CRR) by 0.5 percent points. 'The reduction in the CRR will inject additional liquidity of around Rs.20,000 crore (Rs.200 billion/$4 billion),' the central bank said in a statement, while announcing a further monetary stimulus to prop the economy.