On a meeting of the Governing Council of the ECB, held in Nicosia, Cyprus, was decided that: The interest rate on the main refinancing operations and the interest rates ... Read More
Federal Reserve Chair Janet Yellen signaled that the central bank’s patience with holding interest rates near zero has its limits as she began laying the groundwork for a possible ... Read More
The main considerations behind the decision The decision to reduce the interest rate for March 2015 by 0.15 percentage points, to 0.10 percent is consistent with the Bank of ... Read More
The Reserve Bank of India is getting tougher on extending unlimited credit to the country’s banks to try to ensure they push interest rate cuts through the financial system and to stop them ... Read More
1% reduction in the interest rate for credit cards As a result, either the outstanding balance is reduced or the payback period shortened In line with its commitment to ... Read More
Ruble Slides Lower Against the Dollar The Bank of Russia has defended its independence after Friday’s surprise cut in interest rates raised concerns about the influence of the Kremlin, ... Read More
The Bank of Russia set the minimum interest rates for 28-day and 365-day credit auctions held on 26 January 2015 to provide US dollar Bank of Russia loans secured by the pledge of claim on US dollar loans at 0.9178% and 1.3719% per ... Read More
Discontinuation of the minimum exchange rate The Swiss National Bank (SNB) has decided to discontinue the minimum exchange rate ofCHF 1.20 per euro with immediate effect and to cease ... Read More
Minimum exchange rate reaffirmed, and target range for threemonth Libor lowered into negative territory The Swiss National Bank (SNB) is imposing an interest rate of –0.25% on sight deposit account balances ... Read More
Federal Reserve officials will decide this week whether to make a critical change to their policy statement that would widen the door for interest rate hikes next year and ... Read More
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