interest rates

Bernanke: Lower interest rates 'feasible'

Mon, 01 Dec 2008 13:11:02 -0600

Federal Reserve Chairman Ben Bernanke said Monday that further interest-rate cuts are "certainly feasible," but he warned there are limits to how much such action would revive an economy likely to stay weak well into next year.

Bernanke: Lower interest rates 'feasible'

admin — Mon, 01 Dec 2008 13:01:02 -0600

Fed chief Ben Bernanke said that further interest-rate cuts are "certainly feasible," but he warned there are limits to how much such action would revive the economy.

European central banks under pressure to cut rates

Mon, 01 Dec 2008 11:28:17 -0600

The European Central Bank and the Bank of England are under mounting pressure to cut interest rates aggressively this week amid signs that the economic slump will be deeper and more prolonged than previously expected.

Russian ruble weakens despite interest rate hike

Fri, 28 Nov 2008 07:27:25 -0600

The Russian Central Bank allowed the ruble to weaken about 1 percent against the dollar and the euro while also hiking interest rates by a full percentage point on Friday.

China and Europe Plan New Steps to Help Economy

Wed, 26 Nov 2008 10:10:34 -0600

The European Commission proposed a sweeping stimulus package totaling $256 billion, while officials in China cut interest rates there by more than a percentage point.

China Cuts Interest Rates

Wed, 26 Nov 2008 06:01:19 -0600

China’s central bank cut interest rates by more than a full percentage point, the largest Chinese rate reduction since the Asian financial crisis a decade ago.

UK government pressures banks to pass on rate cuts

Fri, 07 Nov 2008 08:18:05 -0600

The British government summoned banking chiefs Friday to pressure them to pass on recent hefty cuts in benchmark interest rates to hard-pressed homeowners and businesses.

Euro, pound edge higher against dollar

Fri, 07 Nov 2008 04:32:11 -0600

The euro and the pound both edged higher against the dollar in trading Friday, a day after the Bank of England and European Central Bank cut interest rates for the second time in less than a month.

Meltdown 101: Why the world's interest rates vary

Thu, 06 Nov 2008 17:43:44 -0600

European central banks cut their interest rates dramatically Thursday, but most of them are still higher than the Federal Reserve's 1 percent target rate.

Bank of England, ECB slash interest rates

Thu, 06 Nov 2008 09:34:53 -0600

The European Central Bank cut its key rate by half a percentage point to 3.25 percent on Thursday, joining the Bank of England, Swiss and Czech central banks as they confront the looming recession.