Fed vows to keep key rate low for extended time Nov 5, 2009
Jeannine Aversa, Associated Press. Thursday, November 5, 2009. (San Francisco Chronicle -- Business)
Fed sees weakness, holds rates at lows Nov 5, 2009
Fed keeps key rate at record low - Stocks & economy- msnbc. com. (MSNBC -- Business)
RBA's Stevens Tones Down Australia Rate Rhetoric as Currency Nears Parity Nov 4, 2009
Traders are betting there is a 50 percent chance Stevens will increase the key rate by another quarter point on Dec. 1, according to Bloomberg calculations based on interbank futures on the Sydney Futures Exchange at 12:22 p.m. today. Prior to Stevenss comments, they had a 96 percent bet on such a gain. (Bloomberg -- Asia)
Nigeria: Central Bank Wants Banks to Report Politicians' Deals Nov 4, 2009
" According to the CBN, a financial institution in a business relationship with a PEP is required to conduct enhanced ongoing monitoring of that relationship. "In the event of any transaction that is abnormal, FIs are required to flag the account and to report immediately to the CBN and other relevant authorities such as Economic and Financial Crimes Commission (EFCC)/NFIU," it said. Many PEPs are major shareholders or directors in Nigeria's banks. Under the regulations, the identities of both... (allAfrica.com)
Aussies raise interest rate to 3.5%, say downturn is over Nov 3, 2009
A month earlier, Australia became the first major economy to raise interest rates since the outbreak of the crisis when the bank hiked its key rate by a quarter point from a 50-year low. Gov. Glenn Stevens said in a statement explaining the decision that inflation "will probably not fall as far as earlier thought" and "will probably rise somewhat over the coming year.". (The Star Online, Malaysia)
Iceland to Remove Capital Controls on New Investments, Central Bank Says Nov 1, 2009
Even after controls were introduced, the central bank raised the key rate to a record 18 percent, before lowering it to 12 percent in June. The capital controls imposed on Nov. 28, 2008, were considered necessary in order to stabilize the economy in the wake of the financial crisis that struck Iceland in October 2008, the banks statement said. (Bloomberg -- Europe)
Yen Climbs to Two-Week High Against Euro on Concern Recovery Is Slowing Oct 29, 2009
The New Zealand dollar was near the lowest level in three weeks after the central bank left the key rate unchanged and signaled it wont rise until the second half of 2010, damping demand for the nations assets. As optimism about the global economy wanes, investors will question if any other central bank besides the Reserve Bank of Australia is willing to hike rates, said , senior foreign-exchange adviser at Tokyo Tomin Bank Ltd. Emerging uncertainty about exit strategies may trigger... (Bloomberg -- Japan)
Bubble fears make central banks watch asset prices Oct 29, 2009
Fischer left Israel's key rate at 0. 75 percent on Monday. (Business Report, South Africa)
Hungarian Central Bank's Rate Cuts to End at 6% Next Year, Economists Say Oct 29, 2009
5 percentage points off the key rate since July to help the country overcome its worst recession in 18 years, which they expect will reduce the to below the banks 3 percent target next year. Squeezing risk premiums on forint investments by lowering the key rate below 6 percent may reverse the currencys gains, economists said ... Policy makers raised the key rate to 11. (Bloomberg -- Europe)
Euro hits fresh 14-month highs against dollar Oct 27, 2009
The Fed has kept its key rate in a range of zero to 0 ... The ECB has meanwhile frozen its key rate at a record low 1. (Yahoo! Asia News)
Central banks fret over asset bubbles Oct 26, 2009
Fischer may today leave Israel's key rate at 0 ... All 20 economists surveyed by Bloomberg expect the Norges Bank to raise its key rate this week, with 19 predicting it will go up to 1. (Sydney Morning Herald -- Business)
Can the World Agree on a Stimulus Exit Plan? Oct 22, 2009
On Oct. 6, Australia became the first G-20 nation to raise interest rates, hiking its key rate by a quarter of a percentage point to 3. 25. (Time.com)
Field experiment on a robust hierarchical metropolitan quantum cryptography network Oct 16, 2009
In the practical realization, QKD scheme's stability and key rate are not the only two important issues. Especially with the urgent and inflating demand of emergent quantum cryptographic service, networking and routing techniques should be taken into serious consideration, as well as the application mode of QCN. The hierarchical metropolitan QCN field in Wuhu cannot only serve public secure communication with QKD but also act as a test bed to research those problems in realizations and... (EurekAlert!)
NZ inflation points to rising rates Oct 15, 2009
In addition, the 25-basis-point hike in Australia's key rate last week and the prospect of higher rates has increased pressure on the RBNZ to start raising its rates earlier than planned to keep investments in the currency attractive and inflation in check. The RBNZ is expected to leave rates unchanged at its next review on October 29, according to a Reuters poll, although many forecasters believe it will move to a neutral stance by dropping the reference to lower rates. (Sydney Morning Herald -- Business)
Norwegian Stimulus Budget May Pave Way for Faster Interest-Rate Increases Oct 14, 2009
Willhelmsen and Mai expect Norges Bank to raise the key rate by 0. 25 percentage point at its Oct. 28 meeting. (Bloomberg -- Europe)
BOJ May End Credit Program as Companies Regain Access to Private Funding Oct 13, 2009
The bank will probably keep the key rate around 0. 1 percent at least through the end of 2010, 16 of 17 economists who gave forecasts through the period said. (Bloomberg -- Japan)
Dollar regains some ground amid policy speculation Oct 10, 2009
The ECB kept its key rate at 1 percent while the BoE left its key rate at 0. 5 percent, both historically low levels. (Xinhuanet, China)
ECB locks interest rate at record low of 1.0 percent Oct 9, 2009
The European Central Bank froze its key rate at 1 ... VENICE, Italy (AFP) - The European Central Bank froze its key rate at 1. (Yahoo! Asia News)
Fed in No Hurry to Raise Interest Rates Oct 9, 2009
Key Rate Will Likely Remain at Record Low for "Extended Period" Chairman Bernanke Tells Conference. Font size. (CBS News)
S Korea's producer prices retreat for 5th month in Sept. Oct 9, 2009
The data followed the central bank's earlier announcement to freeze the nation's key rate at a record low of 2 percent for the eighth consecutive month. Special Report. (Xinhuanet, China)
Global oil demand seen rising amid recovery Oct 9, 2009
Bank of Korea keeps key rate at record low. South Korea's central bank left its key interest rate at a record low Friday for an eighth straight month, largely dousing speculation a hike may come before the end of the year and sending stocks higher. (Fresno Bee -- Business)
ECB interest rates to stay anchored: analysts Oct 7, 2009
In Britain, the Bank of England was also expected to keep its key rate at a record low of 0. 50 percent on Thursday. (Yahoo! Asia News)
Global markets speculate on rate rising cycle Oct 6, 2009
The Reserve Bank of Australia, which meets today, could be the first to hike its key rate from its current level of 3 percent, having cut ahead of its peers on October 7 last year. The central banks of the US, the UK, the euro zone, Canada, China, Sweden, Switzerland, South Korea, Hong Kong and Taiwan followed its move. (Business Report, South Africa)
Bank of Korea Can Use Non-Rate Tools as Prices Rise, Finance Minister Says Oct 4, 2009
The central bank kept its key rate unchanged at 2 percent for a seventh month on Sept. 10. Policy makers next meet on Oct. 9. (Bloomberg -- Asia)
IMF Says European Central Banks Should Keep Interest Rates Low for Now Oct 3, 2009
Central banks in the U.K., euro area, Scandinavia and eastern Europe have cut interest rates to record lows and used other measures to encourage lending and fight the worst economic crisis since World War II. The Bank of England has lowered its key rate to 0. 5 percent and is buying government bonds to reflate its economy, while the ECB is lending banks as much cash as they want at its record-low benchmark rate of 1 percent. (Bloomberg -- Europe)
Chilean Peso Declines to a One-Month Low; Colombian Currency Strengthens Oct 3, 2009
75 percent and Colombias key rate is at 4 percent. Castro predicts Chilean policy makers will start increasing interest rates in the second quarter, raising rates to around 2. (Bloomberg -- Latin America)
Domestic demand shows signs of economic recovery Sep 25, 2009
Bank Negara has cut its key rate from 3. 5% in mid-November to 2% to spur growth. (The Star Online, Malaysia -- Business)
Taiwan Central Bank May Keep Interest Rate Unchanged on Signs of Recovery Sep 24, 2009
1 percent, while the Bank of Korea on Sept. 10 kept its key rate unchanged for a seventh month at an all-time low of 2 percent. Rate cuts by the of the Republic of China (Taiwan) coupled with the governments planned stimulus spending of NT$858. (Bloomberg -- Asia)
Oakridge community organizes fire department Sep 23, 2009
Another benefit of having a fire department nearby is that it causes insurance key rates, or the basis for which they charge for homeowners insurance, to decrease. Oakridge s key rate is currently 10, but the addition of the department could decrease that number to 9, thereby lowering homeowners insurance rates. (Columbus Colorado County Citizen, TX)
Norway May Keep Main Rate Unchanged Tomorrow, Signal Increase Next Month Sep 22, 2009
Governor Svein Gjedrem, who has cut the key rate by 4. 5 percentage points in the past 11 months, may become the first policy maker in the developed world to begin raising borrowing costs, economists said. (Bloomberg -- Europe)
S Korea maintains fiscal expansionary, monetary easing policies Sep 17, 2009
BOK Governor Lee Seong-tae last week hinted at a possible interest hike, saying a raise in the nation's key rate interest may come even amid the government pushing for monetary easing policies. Amid speculations rising on a dispute between the central bank and the finance ministry, the minister noted that the two bodies hold "the same" views on the current market situation, and that the government is firm on keeping its current policy with respect to the key interest rate. (Xinhuanet, China)
Japan central bank Thurs kept key interest rate unchanged(update) Sep 17, 2009
The central bank has kept its key rate unchanged at near zero since December, when it cut the rate from 0. 3 percent. (The Star Online, Malaysia)
Central Bank May Maintain Monetary Stimulus on Signs of Slower Recovery Sep 15, 2009
Japanese authorities will hold the key rate at 0. 1 percent at least through the end of 2010, according to 14 of 16 economists surveyed. (Bloomberg -- Japan)
Are Lower Rates on the Horizon? Sep 12, 2009
Some forecasters have said they expect the Fed to raise rates next year, but Goldman economists say they believe the Fed will keep its key rate near zero at least through 2010 and probably longer. Source: Bloomberg, Simon Kennedy (09/10/2009). (Realtor Magazine Online)
Bollard Leaves New Zealand Interest Rate Unchanged, Sees `Patchy' Recovery Sep 10, 2009
N.Z. Leaves Key Rate at 2 ... N.Z. Leaves Key Rate at 2. (Bloomberg -- Australia & New Zealand)
Timeline of the crisis Sep 10, 2009
16 December 2008: FED CUTS KEY RATE TO NEAR ZERO. The US central bank cuts its interest rate to 0 - 0. (BBC News)
Canada's Carney Says Flexible Inflation Targeting Can Help Check Bubbles Aug 23, 2009
To guard against excessive risk taking when markets are exuberant, central bankers could also avoid communication that would lead investors to believe they know exactly where the central banks key rate is headed. It is important that markets understand how a central bank formulates policy, but that does not equate to perfect foresight, Carney said. (Bloomberg -- Canada)
German Services, French Manufacturing Unexpectedly Expanded During August Aug 22, 2009
German Services, French Industry Unexpectedly Grow (Update4) - Bloomberg. Updated: New York, Aug 22 04:12 London, Aug 22 09:12 Tokyo, Aug 22 17:12. (Bloomberg -- Germany)
196 Gambian soldiers leave for DarfurEgypt shows support for Sudans BashirUN chief frowns at Sudanese indecency trialUN chief wants Chad, Sudan to foster regional stability UNICEF suspends emergency supplies to Somalia over insecurityUNICEF says Somali children at high risk over hostilitiesUN envoy welcomes release of hostages in SomaliaUNHCR chief urges nations to help Somali refugees Hillary Clinton received by Kabila in GomaMONUC rejects rape charges against peacekeepersDRC has 2 million internally-displaced personsDeath toll in DR Congo train crash now 60 Ivorian Prime Minister urges mutinous soldiers to remain calmGbagbo: "Whoever delays Ivorian elections is a criminal"Gbagbo reaffirms his desire for Ivorian peaceGbagbo signs Ivorian amnesty law ON THE WIRE Namibia central bank leaves key rate unchanged, sees economic recoveryWindhoek, Namibia (PANA) - Namibia?s central bank has left its benchmark ratesteady at 7 percent and said indicators in the domestic economy were showing signs of recovery, particularly the diamond and uranium dominated mining sector. 19/08/2009 Full Text... Aug 20, 2009
Namibia central bank leaves key rate unchanged, sees economic recovery. Namibia central bank leaves key rate unchanged, sees economic recovery. (Panapress.com)
Mizuno Says Bank of Japan May Set Preconditions for Raising Interest Rates Aug 20, 2009
A weak economy and deflation will prompt the Bank of Japan to keep the key rate on hold at least through 2010, according to 12 of 16 economists surveyed by Bloomberg. Consumer prices excluding fresh food tumbled a record 1. (Bloomberg -- Japan)
Japan's Opposition DPJ May Press Central Bank to Buy More Government Bonds Aug 19, 2009
LDP lawmaker suggested in 2000 that then-Governor may lose his job if he increased the key rate from near zero percent ... A weak economy and will prompt the central bank to keep the key rate on hold at least through 2010, according to 12 of the 16 economists surveyed. (Bloomberg -- Japan)
Bank of Japan May Extend Credit-Easing Steps Into Next Year, Minutes Show Aug 14, 2009
Economists surveyed by Bloomberg expect the key rate to stay unchanged at least through 2010. Safety Valve. (Bloomberg -- Japan)
Australia Is Prepared to Raise Rates From `Emergency' Level, Stevens Says Aug 14, 2009
He added that a more normal level for the key rate is a good deal north of what the cash rate is now and borrowing costs could go noticeably higher. To contact the reporter for this story: in Sydney at. (Bloomberg -- Australia & New Zealand)
Fed Will Keep Key Rates Low Aug 13, 2009
REALTOR Magazine Online: The real estate professional's business support tool. YOUR INTERACTIVE MAGAZINE REALTOR.ORG/realtormag. (Realtor Magazine Online)
Government Bond Yields Reach Lowest This Month as Key Rates to Stay Down Aug 13, 2009
Demand for Japanese debt increased after Fed policymakers yesterday said economic conditions mean its key rate will stay exceptionally low for an extended period. The is likely to keep its at 0. (Bloomberg -- Japan)
Mood’s brighter, but Fed may still extend stop-gaps Aug 12, 2009
If the Fed holds its key rate steady, commercial banks prime lending rate, used to peg rates on home equity loans, certain credit cards, and other consumer loans, would stay around 3. 25 percent, the lowest in decades. (Boston Globe)
Hungary's Central Bank Gains Rate-Cut Momentum After July Inflation Report Aug 12, 2009
Policy makers last month cut the key rate to 8 ... The bank plans to continue cutting the key rate as long as financial stability is maintained and inflation remains in check, he said. (Bloomberg -- Europe)
Bank of Korea keeps key rate low Aug 11, 2009
Bank of Korea keeps key rate at record low- International Business-News-The Economic Times ... Bank of Korea keeps key rate at record low11 Aug 2009, 1018 hrs IST, AGENCIES. (India Times)
Australian, New Zealand Dollars Rise From One-Week Low as Equities Climb Aug 10, 2009
The Reserve Bank will boost its key rate by 1. 80 percentage points over the next 12 months, according to a Credit Suisse based on swaps trading. (Bloomberg -- Australia & New Zealand)
BOJ Said to Predict Deflation Stretching Through 2011 Even Amid Recovery Aug 7, 2009
The Bank of Japan will hold the key rate at 0 ... With little room left to trim the key rate, the Bank of Japan will have no choice but to keep the current extraordinary policy measures, including the credit-easing programs, for a long time, said , an economics professor at Shinshu University in Matsumoto, central Japan ... The prospect that prices will stay below that scope will force the central bank to keep the key rate unchanged at least through 2010, according to 10 of 13 economists... (Bloomberg)
Pimco Attracted by Australian-Backed Debt as Rate Rise Unlikely This Year Aug 1, 2009
Futures markets are betting against Pimco, pricing in a 62 percent chance the Reserve Bank of Australia will raise its key rate by December after Governor said July 28 the nation may not be in one of the more serious downturns of the post-World War II era. I dont believe the RBA will be hiking rates this year, Foxall said. (Bloomberg -- Australia & New Zealand)
New Zealand Keeps Benchmark Interest Rate Unchanged at 2.5%, May Cut Again Jul 30, 2009
New Zealand Leaves Key Rate Unchanged a Second Month (Update3) - Bloomberg ... New Zealand Leaves Key Rate Unchanged a Second Month (Update3). (Bloomberg -- Australia & New Zealand)
New Zealand May Leave Key Rate Interest Unchanged Amid Signs of Recovery Jul 29, 2009
N.Z. May Leave Key Rate Steady on Signs of Recovery (Update1) - Bloomberg ... N.Z. May Leave Key Rate Steady on Signs of Recovery (Update1). (Bloomberg -- Australia & New Zealand)
Hungarian Interest Rate to Fall Further After Surprise Cut, Analysts Say Jul 28, 2009
They now foresee the key rate falling at least 0. 75 percentage point in the next six months, compared with 0. (Bloomberg -- Europe)
Dollar Trades Near 7-Week Low Versus Euro on Stock Gains, Deutsche Profit Jul 28, 2009
The U.S.s key rate is as low as zero. Deutsche Earnings. (Bloomberg -- Asia)
Brazil's Central Bank Cuts Rate to 8.75%, Slowing Pace on Economic Rebound Jul 23, 2009
Policy makers lowered the key rate by half-point to a 8. 75 percent yesterday, as expected by 49 of 50 analysts surveyed by Bloomberg. (Bloomberg -- Latin America)
Australia's Reserve Bank Says Key Rate Cuts Effective in Stoking Demand Jul 21, 2009
Traders forecast the key rate will be 76 basis points higher in a year, the index showed at 2:43 p.m. in Sydney. At the start of June, they forecast 3 basis points of reductions. (Bloomberg -- Australia & New Zealand)
Canada May Keep Rate at Record Low, Say Currency's Rise Threatens Recovery Jul 21, 2009
Canada May Keep Key Rate at 0 ... Canada May Keep Key Rate at 0. (Bloomberg -- Canada)
Canada Consumer Price Index Falls Annually for First Time Since 1994 Jul 18, 2009
All 12 economists surveyed by Bloomberg the Bank of Canada to leave its key rate unchanged at its next announcement July 21. The bank will update its inflation and growth forecasts on July 23. (Bloomberg -- Canada)
Canada's Currency Falls for First Time in Four Days on Aversion to Risk Jul 17, 2009
The key rate has been at a record low of 0 ... Bank Governor halved the key rate to a record low of 0. (Bloomberg -- Canada)
Canadian Currency Climbs to One-Month High as Stocks Rise, Crude Rebounds Jul 16, 2009
The key rate has been at a record low of 0. 25 percent since April. (Bloomberg -- Canada)
Japan's Notes Rise as Bank of Japan Cuts Growth Forecast, Extends Programs Jul 15, 2009
The Bank of Japan started purchasing commercial paper and corporate bonds this year, after lowering the key rate to 0. 1 percent in December. (Bloomberg -- Japan)
Bank of Canada's PRA Is Not Fully Taken Up for First Time in 43 Auctions Jul 14, 2009
The between the yield on one-month commercial paper and the Bank of Canadas key rate narrowed to 0. 10 percentage point today, in line with the average yield spread this decade of 0. (Bloomberg -- Canada)
Russian Central Bank Cuts Refinancing Rate by Half Percentage Point to 11% Jul 12, 2009
Russia Cuts Key Rate to 11% in Bid to Spur Lending (Update2) - Bloomberg ... Russia Cuts Key Rate to 11% in Bid to Spur Lending (Update2). (Bloomberg -- Europe)
Japan wholesale prices fall 6.6 percent in June Jul 10, 2009
Bank of England holds key rate at 0. 5 percent. (Fresno Bee -- Business)
