Interest Rate News
News
Interest rates head to 8 per cent (Daily Telegraph)
HOME loan interest rates could sink to 8 per cent within a year as the Reserve Bank of Australia responds to a cooling economy with a new round of rate cuts.
Bank of England voted 7-2 to hold interest rates (AFP via Yahoo! News)
Bank of England policymakers were split three ways for a second month running when they decided to leave British interest rates at 5.00 percent in August, minutes of their latest meeting revealed Wednesday.
Czech National Bank (CNB) official interest rates - 21/08/2008 (Interfax)
PRAGUE. AUGUST 21. INTERFAX CENTRAL EUROPE - Following is a table of official money market rates as set by the Czech National Bank (CNB). The central bank's Monetary Policy Council (MPC) cut the Czech Republic's official interest rates by 25 basis points after its August 7, 2008 sitting.
Brazil official won't lower interest rates in face of rising inflation threat (Canadian Business)
BRASILIA, Brazil - Brazil's finance minister says the government will not lower interest rates as long as inflation threatens to come in higher than the established target.
Contriving to cut interest rates (Vietnam Net)
VietNamNet Bridge ? Borrowers complain that interest rates are unaffordable, while bankers, for many reasons, do not offer the rates businesses want. Associate Prof Dr Tran Hoang Ngan from HCM City Economics University talks about the issue.
Inflation at 5-year high, rates seen on hold (Reuters via Yahoo! News)
Soaring gasoline prices drove Canada's inflation rate in July to its highest in more than five years, but the upswing was widely expected and did little to change the view that the central bank will keep interest rates on hold in September.
Bank of England voted 7-2 to hold interest rates (TODAYonline)
The Bank of England in central London. Bank of England policymakers were split three ways for a second month running when they decided to leave interest rates at 5 percent in August, minutes of their latest meeting have revealed.
Bank of England voted 7-2 to hold interest rates (AFP via Yahoo! Canada News)
LONDON (AFP) - Bank of England policymakers were split three ways for a second month running when they decided to leave interest rates at 5 percent in August, minutes of their latest meeting revealed Wednesday.
Interest rates in India may not have peaked: Kamath (Nasdaq)
(RTTNews) - ICICI Bank Managing Director and CEO K V Kamath did not rule out the possibility of interest rates going up in the immediate run and said the rates may not have peaked yet.
Mortgage Rates for Best Borrowers Rise as Bonds Slump (Update1) (Bloomberg.com)
Aug. 21 (Bloomberg) -- A decline in mortgage bond prices is raising interest rates on U.S. home loans, even for borrowers least prone to default. Rates on average 30-year fixed mortgages rose to 6.37 percent this week, about the highest in six years, as yields on bonds guaranteed by Fannie Mae and Freddie Mac increased to almost the highest since 1986 relative to Treasuries.
