News about interest rate

Australia cuts interest rate to record low 2.75 pct

Australia's central bank cut interest rates to a record low of 2.75 percent Tuesday, citing weak domestic inflation coupled with a persistently high dollar as investment in the key mining sector hits its peak.
07 May 2013 16:57

ECB's not set to fire 'bazooka' yet

The European Central Bank is unlikely to fire the new anti-crisis "bazooka" it unveiled two months ago, and will keep its gunpowder dry on interest rates as well at its meeting on Thursday.
08 November 2012 13:52

South Korea unexpectedly cuts key interest rate

South Korea's central bank unexpectedly cut its key interest rate Thursday for the first time in more than three years, joining international moves to ease the impact of the eurozone debt crisis.
13 July 2012 10:01
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