Tag: rate interest

• Thursday, May 19th 2016 - 12:02 UTC

  Minutes show Fed could be ready for an interest rate in June

  

  Federal Reserve officials consider the United States economy could be ready for another interest rate increase in June, according to the minutes from the central bank's April policy meeting released on Wednesday. Most participants in the policy-setting committee's April 26-27 meeting said they wanted to see signs that economic growth was picking up in the second quarter and that employment and inflation were firming, the minutes showed.

• Thursday, July 12th 2012 - 07:27 UTC

  Brazil lowers benchmark rate for eighth straight time to 8%

  

  Brazil’s central bank cut its benchmark interest rate for the eighth straight time and signaled it will continue to lower borrowing costs, as spillover from a global economic slowdown limits inflation risks.

• Wednesday, March 16th 2011 - 00:41 UTC

  Fed leaves rates unchanged with the US economy on a ‘firmer footing’ recovery

  

  Arguing that the US economic recovery is on a firmer footing, and overall conditions in the labour market appear to be improving gradually, the Federal Reserve on Tuesday left interest rates unchanged at a record low of zero to 0.25% since December 2008.

• Monday, December 27th 2010 - 08:02 UTC

  China raises interest rate determined to contain inflation, credit and property prices

  

  China’s central bank raised interest rates for the second time in less than three months as authorities ramp up efforts to curb borrowing, rein in property prices and tame inflation.

• Wednesday, October 20th 2010 - 01:04 UTC

  In a surprise move China raises interest rate for the first time since 2007

  

  China has raised interest rates for the first time since 2007, as it tries to rein in inflation and dampen its red-hot real estate market. The People's Bank of China said it will raise its one-year lending rate to 5.6% from 5.31% and its one-year deposit rate to 2.5% from 2.25%.