Leading Indian banks raise rates
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Three state-run Indian banks raise lending rates as inflationary pressures in the economy grow.
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TORONTO (CP) - Canada&#39;s big banks are increasing mortgage rates following a decision by the Bank of Canada to raise its overnight rate by one-quarter of a percentage point to 2.25 per cent.
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Bank of England policymakers are set to increase on Thursday British interest rates to 5.75 percent, a six-year high, as Britain&#39;s economy grows faster than expected, analysts said.
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The Bank of England raised its key interest rate by a quarter-point to 5.75 percent on Thursday, the highest level for more than six years, in a bid to dampen inflation.
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India&#39;s central bank unexpectedly raised a key interest rate for the first time in four years, saying record oil prices and rising corporate demand for credit threaten to fuel inflation.
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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 Bank of Japan made an &quot;appropriate&quot; decision to raise interest rates Wednesday for the first time since last July, the top government spokesman said.
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Beijing, Oct. 28 (PTI): China today raised its interest rates for the first time in nine years to consolidate macro economic adjustment and ensure healthy growth of the economy, the apex bank said here.
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China&#39;s central bank raised interest rates for the second time in less than a month on Friday in an attempt to rein in soaring food prices, excessive bank lending and bubbles in the property and stock markets.
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Two of the UK's largest banks will this week boost the financial sector by increasing dividend payments, a report says.
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BEIJING, Aug. 19 (Xinhuanet) -- Bank of England policy-makers voted unanimously to raise the interest rates by a quarter point this month, as economic growth outstripped supply capacity, according to the minutes of the Monetary Policy Committee (MPC) ...
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The People&#39;s Bank of China, or China&#39;s central bank, announced Thursday to raise both lending and deposit interest rates 0.27 percentage point higher as from Oct. 29.
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MUMBAI: The Reserve Bank of India surprised the market on Tuesday by raising the overnight benchmark repo rate by 25 basis points to 4.75 per cent, citing concerns about a rise in inflation in Asia&#39;s fourth-largest economy.
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China's central bank on Thursday raised interest rates for the first time in nearly a decade in its boldest move yet to guide its heated economy to a path of slower growth.
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Sri Lanka's Central Bank has raised its key short-term interest rates in a bid to check galloping inflation fuelled by high oil prices.
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Citing signs of an expanding economy, the Bank of Japan raised its key benchmark overnight borrowing rate by a quarter of a percentage point.
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Seeking to cool Chinaâs rapid growth rate, the Peopleâs Bank of China announced Friday that it will raise interest rates to 6.84 percent, the highest level in eight years.