Tag: interest rate

• Tuesday, April 19th 2011 - 03:51 UTC

  What is behind Brazil’s high rates: loose fiscal policy, low savings or politics

  

  With Brazil’s benchmark interest rate at 11.75% and prospects of further increases Latin America’s largest economy poses a challenge to economists and analysts. The answers are not only economic but also political.

• Tuesday, April 5th 2011 - 21:23 UTC

  China anticipating higher inflation hikes interest rate by 25 basis points

  

  China’s central bank announced Tuesday it would raise the benchmark one-year borrowing and lending interest rates by 25 basis points beginning Wednesday. This is the second time that The People’s Bank of China raises the benchmark interest rate this year and the fourth such increase since the start of last year.

• Thursday, March 3rd 2011 - 06:19 UTC

  Fearing overheated economy Brazil raises basic interest rate 50 points to 11.75%

  

  Brazil’s Central bank on Wednesday raised its benchmark overnight rate by a half-point for a second straight meeting to cool inflation that is approaching the upper limit of the government’s target range.

• Thursday, February 10th 2011 - 23:24 UTC

  Bank of England at a crossroad leaves interest rates on hold at 0.5%

  

  Bank of England's Monetary Policy Committee (MPC) has kept UK interest rates on hold at 0.5%, and unveiled no new quantitative easing (QE) measures.

• Thursday, February 3rd 2011 - 21:17 UTC

  With inflation pressures ‘contained’, ECB leaves interest rates unchanged

  

  European Central Bank (ECB) has kept interest rates in the Euro zone unchanged at a record low 1%, despite fears of increasing inflation. Speaking at a press conference after the rate decision, the ECB president Jean-Claude Trichet claimed that inflation pressures remained contained.

• Thursday, January 20th 2011 - 16:44 UTC

  Brazil Raises Interest Rate to 11.25%

  

  Brazil’s Central Bank has increased its key interest rate to 11.25% in the hope of halting inflation. The rate has gone up from 10.75% and is the first under the Government of President Vilma Rousseff, who came in to office earlier this month.

• Friday, November 5th 2010 - 22:41 UTC

  Australia and India increase interest rates amid fears of rising inflation

  

  Australia and India have both raised interest rates by a quarter percentage point amid fears of rising inflation. The central bank of Australia put up rates from 4.5% to 4.75%, surprising markets with the first rise since May.

• Friday, September 10th 2010 - 03:45 UTC

  Bank of England leaves interest rates on hold at 0.5% for 18th month running

  

  The Bank of England has kept UK interest rates on hold at a record low of 0.5% for the 18th consecutive month. The Monetary Policy Committee's (MPC) decision had been expected, but calls have been growing for an increase in rates to curb inflation.

• Tuesday, August 10th 2010 - 01:30 UTC

  Argentina confident it can issue debt in US dollars below 9% interest rate

  

  Argentine Economy Minister Amado Boudou confirmed what newspaper Ámbito Financiero had anticipated a week ago: the plan is to issue debt in US dollars but below the 9% mark, which with the current panorama may allow for an even lower percentage index.

• Friday, August 6th 2010 - 06:01 UTC

  Bank of England leaves rate on hold at 0.5%; concerns over recovery strength

  

  The Bank of England has voted to keep interest rates on hold at 0.5% amid concerns over the strength of the economic recovery. The decision by the bank's Monetary Policy Committee (MPC) means rates will stay at their current record low for an 18th month. It suggests the committee does not see high inflation as a serious concern.