Australian central bank says higher interest rates returning to "normal"
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The Reserve Bank of Australia warned domestic inflation remained a concern even after it lifted interest rates this week and said global rates were &quot;normalising&quot; after being unusually low.
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China's central bank on Thursday raised interest rates for the first time in nearly a decade, signaling deepening unease with the breakneck pace of development and an intent to reign in a construction boom now sowing fears of runaway inflation.
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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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As much of the world grapples with a slowdown, Australia raises interest rates to an 11-year high.
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OTTAWA - Interest rates are up and are likely going higher but don&#39;t lock in that variable-rate mortgage, experts advised Tuesday after the Bank of Canada raised interest rates a further quarter-point.
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The Federal Reserve has said interest rates may rise again - despite deciding to halt them earlier this month.
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New Zealand's central bank unexpectedly raises interest rates to 8% sending the currency to a 22-year high.
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Australia&#39;s central bank on Tuesday  provided banks with more cash than expected to try to combat a  sharp rise in bank bill rates as the sector felt the impact of  the global credit squeeze.
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Federal Reserve officials raised a key short-term interest rate yesterday for the fifth time this year, and indicated they will gradually move rates higher next year to keep inflation under control as the economy expands.
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The Australian dollar rose after the Federal Reserve raised its target interest rate by a quarter percentage point and said inflation has slowed.
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Prices and interest rates are up, but that isn't necessarily a bad thing
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The Swiss National Bank on Thursday raised its key interest rate by a quarter of a percentage point for the second time this year as the country's economy continued to recover.
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The U.S. Federal Reserve on Wednesday raised interest rates for a sixth straight time, extending a policy of gradually lifting borrowing costs to levels high enough to ward off inflation pressures.
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U.S. interest rates are still stimulative but should return to "more normal levels" as expansion continues, Philadelphia Federal Reserve President Anthony Santomero said on Saturday.
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New Zealand central bank Governor Alan Bollard raised the benchmark interest rate to a four-year high and said the sixth increase in 2004 may be the last as the economy slows and the local currency surges.
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The Federal Reserve yesterday boosted its key interest rate for the sixth time since June, which will lead to higher charges on credit cards, home equity lines of credit, and other short-term loans, but not necessarily higher interest payments for savings and money market accounts.
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China's central bank on Thursday raised  interest rates for the first time in nearly a decade in a  surprise move that was the boldest so far aimed at guiding a  heated economy onto a path of slower growth.