Last Updated: Thursday, December 05, 2013, 18:08
The Bank of England left monetary policy unchanged on Thursday, sticking to its commitment to keep interest rates at a record low 0.5 percent until Britain`s recovery is more firmly established.
Last Updated: Wednesday, December 04, 2013, 18:32
The European Union imposed a record 1.7 billion euros (USD 2.3 billion) in fines on six institutions on Wednesday for rigging key interest rates that affect vast sums of money around the world.
Last Updated: Monday, November 25, 2013, 15:32
European Central Bank Governing Council member Christian Noyer said on Monday that interest rates have to remain low for an extended period and might go even lower if needed as officials try to ensure the euro zone does not fall into deflation.
Last Updated: Thursday, November 21, 2013, 22:31
Reserve Bank Governor Raghuram Rajan went by the majority opinion of panel members and increased a key interest rate by 0.25 percent in the second-quarter monetary policy review last month in view of high inflation.
Last Updated: Friday, November 15, 2013, 18:10
The RBI on Friday attributed high interest regime to inflation and said banks in such a scenario would not be able to pass on lower rates even if the policy rate is brought down.
Last Updated: Tuesday, November 12, 2013, 00:05
"Low or subdued growth is supported primarily by some improvement on export front. However, we are seeing rising concerns over the cost of credit by the manufacturers as compared to previous surveys," Ficci President Naina Lal Kidwai said.
Last Updated: Friday, November 08, 2013, 14:47
Taking cue from other lenders, state-run Canara Bank on Friday hiked interest rates on fixed deposits by up to 0.50 percent.
Last Updated: Thursday, November 07, 2013, 19:32
Fears of possible deflation and the strength of the euro persuaded the European Central Bank to cut its key interest rates to all-time lows on Thursday.
Last Updated: Thursday, November 07, 2013, 19:30
The European Central Bank cut interest rates to a new record low on Thursday, responding to a slump in inflation that has sparked fears the euro zone`s economic recovery could stall.
Last Updated: Wednesday, November 06, 2013, 20:00
Europe`s major stock markets rose Wednesday on the eve of the latest decision from the European Central Bank, buoyed by hopes of a eurozone interest rate cut.
Last Updated: Tuesday, November 05, 2013, 21:42
EU antitrust regulators are set to fine six global banks including Deutsche Bank, JPMorgan and HSBC for suspected rigging of benchmark euro zone interest rates, a person familiar with the matter said on Tuesday.
Last Updated: Tuesday, October 29, 2013, 19:07
Among the banking pack, ICICI Bank surged 6 percent, SBI rose by 3.65 percent, HDFC Bank (2.82 percent), PNB (4.61 percent), Axis Bank (5.12 percent), Yes Bank Ltd (6.91 percent).
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