Amid signs of improving economy, ECB keeps rate unchanged at 1 pctSeptember 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.
Japan's central bank expected to keep interest rates unchanged amid signs of recoveryAugust 11th, 2009 Japan central bank likely to hold interest ratesTOKYO — Japan's Cabinet Office kept its cautious view on the economy unchanged Tuesday, noting signs the downturn was bottoming out while warning about growing joblessness. The Bank of Japan is also expected to keep a similar stance when it ends its two-day policy board meeting later in the day, and keep its near-zero interest rates unchanged.
India central bank leaves interest rates unchanged, says economic growth could beat forecastsJuly 28th, 2009 India central bank says economy could grow fasterNEW DELHI — India's central bank left interest rates unchanged Tuesday and said Asia's third-biggest economy could grow faster than forecast as it emerges from the global credit bust. Bank Gov. D. Subbarao said "the global economy was showing incipient signs of stabilization, albeit not recovery."
The central bank said there is now "an upward bias" to its forecast for the economy to grow 6 percent in the year ending March 2010.
Japan's central bank keeps key interest rate at 0.1 percentJuly 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.
Japan's central bank keeps rates steady amid signs economic slide has stoppedJuly 15th, 2009 Japan keeps rates steady as economy stabilizesTOKYO — Japan's central bank kept its key interest rate steady Wednesday amid signs the world's second-largest 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.
Australia's central bank leaves interest rate at 3 percent, cites improving global economyJuly 7th, 2009 Australia leaves key interest rate unchangedSYDNEY — Australia's central bank left its key interest rate unchanged for the third month at 3 percent Tuesday, citing a stabilizing global situation and stronger-than-expected domestic economy. The Reserve Bank of Australia has kept rates at the current level — their lowest in 49 years — since April but said in a statement there is room for further cuts this year if necessary.
Canada keeps interest rate at record low, warns of rising Canadian dollarJune 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.
Dollar gains as ECB, BofE leave interest rates unchangedJune 4th, 2009 Dollar gains as ECB, BofE leave rates unchangedNEW YORK — The dollar moved higher Thursday after the European Central Bank and Bank of England both left interest rates unchanged, as expected. The 16-nation euro dropped to $1.4128 in early New York trading from $1.4134 late Wednesday.
Danish central bank lowers key interest rate to 1.65 percent, following ECB cutMay 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.
Australia's Reserve Bank leaves interest rates on hold at 3 percentMay 5th, 2009 Australia leaves interest rates on holdSYDNEY — Australia's central bank decided Tuesday to leave its key interest rate unchanged at 3 percent, and cautiously noted some hopeful signs in the world economy despite continuing near-term gloom. The Reserve Bank of Australia has slashed its cash rate by an aggressive 4.25 percentage points since September, when the global financial crisis erupted and sent economies tumbling worldwide.
Central bank cuts key ratesApril 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.
Japan's central bank holds rates, raises purchase of government bondsMarch 18th, 2009 TOKYO - Japan's central bank Wednesday kept its benchmark interest rate unchanged at 0.1 percent but decided to step up its purchases of government debt. The Bank of Japan is to increase its monthly purchases of long-term government debt from 1.4 trillion yen ($14.21 billion) to 1.8 trillion yen to inject liquidity into money markets and prevent the rise of long-term interest rates.
Key rates unchanged, growth target cut in RBI policy reviewJanuary 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.
Highlights of monetary policy review by India's central bankJanuary 26th, 2009 MUMBAI - Following are the highlights of the quarterly monetary policy review conducted by the Reserve Bank of India (RBI) here Friday in which some key rates were left unchanged and the country's growth targeted was lowered for this fiscal:
- Bank rate kept unchanged at 6 percent. - Repo rate has been kept unchanged at 5.5 percent.
United Bank reduces lending rate by 50 bpsJanuary 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.
Loading ...