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Australian interest rate raised to 3.25 percent

Business | Macro-economy and policy
2009-10-6

AUSTRALIA'S central bank unexpectedly raised interest rates by a quarter point, the first major economy to raise the cost of borrowing amid signs the economy is recovering from the global crisis. The Reserve Bank...

China unlikely to reduce rates

Business | Macro-economy and policy
2009-5-23

CHINA is unlikely to cut interest rates as there are signs that economic growth is stabilizing, economists said. "I had previously forecast two 27-basis-point cuts," said Ben Simpfendorfer, Royal Bank of Scotland's...

Interest rates cut looking less likely

Business | Macro-economy and policy
2009-3-21

ECONOMISTS are expecting China to trim banks' reserve requirement soon to further free up liquidity to back economic growth. The People's Bank of China is expected to scale back the reserve requirement ratio...

Swedish Riksbank cuts interest rate by 1 point

Business | Macro-economy and policy
2009-2-11

SWEDEN'S central bank surprised the market today by cutting its key interest rate a full percentage point to 1 percent to offset a plunge in production and employment triggered by the global financial meltdown. ...

Bank of Korea cuts key interest rate to record low 2.5% to boost economy

Business | Banking
2009-1-9

SOUTH Korea's central bank cut its key interest rate today for the fifth time in just three months to help boost the country's slowing economy. The Bank of Korea said it lowered the benchmark seven-day repurchase...

Japan cuts key interest rate to 0.1%

Business | Macro-economy and policy
2008-12-19

JAPAN'S central bank has cut its key interest rate to 0.1 percent, seeking to stem fallout from a deepening economic slowdown. The Bank of Japan said Friday that the policy board vote 7-1 to lower the uncollateralized...

Fed cuts key interest rate to zero for first time

Business | Macro-economy and policy
2008-12-17

THE Federal Reserve, moving to fight a deepening recession, cut its benchmark interest rate to as low as zero yesterday, a surprisingly strong step that should make it cheaper for Americans to borrow on credit cards...

South Korea cuts key interest rate to record low

Business | Macro-economy and policy
2008-12-11

SOUTH Korea's central bank carried out its biggest interest rate cut ever today, slashing borrowing costs by a full percentage point to a record low in a bid to stave off possible recession. The Bank of Korea...

China slashes key interest rate by 1.08 percentage points to boost economy

Business | Macro-economy and policy
2008-11-26

CHINA slashed interest rates an unprecedented 1.08 percentage points to fight an economic slowdown. The People's Bank of China said about 5pm today that the one-year benchmark lending and deposit rate will both...

S.Korea cuts rates again, Obama to address crisis

Business | Macro-economy and policy
2008-11-7

SOUTH Korea's central bank cut interest rates for the third time in a month today to soothe markets and shore up its economy, after a flurry of deep rate cuts across Europe failed to calm panicky investors. Central...