Hungarian central bank cuts key interest rate by half percentage point
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The Hungarian central bank cut its benchmark interest rate by 50 basis points from 11.5 percent to 11.0 percent, the bank said in a statement posted on its website.
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The Bank of England raised its key rate by a quarter point to 5.75 percent, while the European Central Bank left its benchmark interest rate at 4 percent.
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The European Central Bank has left interest rates in the eurozone unnchanged for the sixteenth consecutive month. Despite a slowdown in the 12-nation zone, the bankers today (Thursday) decided not to adjust the rate of 2%.
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Despite the likelihood that proposed changes to the make-up of the Monetary Council of the National Bank of Hungary (MNB) will usher in a council more keen to cut rates faster, the weakening of the forint may ...
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South Korea's central bank cuts interest rates by a quarter percentage point to 3.5% in a bid to drive growth in the economy.
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The US Federal Reserve surprises markets by cutting interest rates by 50 basis points to 4.75%.
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The European Central Bank is set to lift its key interest rate by a quarter of a percentage point when it meets this week &#151; the fifth such move since the bank started adjusting rates in December 2005 as Europe's economy picked up.
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The U.S. Federal Reserve on Tuesday  slashed U.S. interest rates by a hefty three-quarters of a  percentage point, the biggest rate cut in more than 23 years,  in an emergency bid to lend support to a U.S. economy some fear  is on the verge of recession.
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The Federal Reserve is expected to cut interest rates by a quarter point Wednesday.
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The Federal Reserve, confronted with a global stock sell-off fanned by increased fears of a recession, cut a key interest rate by three-quarters of a percentage point on Tuesday
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Bank of England policymakers voted 8-1 to cut interest by a quarter-point to 5.25 percent earlier this month, minutes of the meeting showed on Wednesday.
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The Curious Capitalist: The Fed cuts rates by a half-point, and the stock market cheers  -  not that that means anything
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Bank of England policymakers voted 8-1 to leave British interest rates at 5.50 percent earlier this month, minutes of the meeting showed on Wednesday.
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The Bank of England held its key interest rate at 5.50 percent, the highest level for six years, the central bank announced on Thursday.
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FRANKFURT, Germany- The European Central Bank raised its key interest rate a quarter point to 3.75 percent Thursday and set the stage for another hike, in a move aimed at keeping inflation contained amid strong ...Comment
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Hungary's central bank again lowered its benchmark interest rate by 50 basis points, from 10.5 to 10 percent, the bank said.
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The U.S. Federal Reserve on Tuesday slashed benchmark U.S. interest rates by a half-percentage point in a bold bid to buffer the economy from a housing slump and related financial market turbulence.