Indian Central Bank Raises Key Rate to Curb Prices
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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 has held its key interest rate at 4.75 percent, opting against a further rise after last month's surprise quarter-point increase.
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The Swiss central bank has raised its key Libor interest rate by a quarter of a percentage point to a range between 1.25 percent and 2.25 percent to dampen the threat of inflation.
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The Bank of England held its key interest rate at 4.75 percent, opting against a further rise after last month's surprise quarter-point increase, the central bank announced.
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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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India's finance minister has called on banks to lower interest rates to keep Asia's third-largest economy expanding strongly amid fears aggressive monetary tightening could slow growth.
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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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Business News, Mumbai: The Reserve Bank of India announced its busy season credit policy today. While it kept Bank Rate untouched at six percent, inflation forecast was raised from 5 to 6.5 percent.
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The Reserve Bank of India announced the mid-term review of its monetary policy on Tuesday. Though the central Bank kept away from the much expected interest rate hike, the policy contained recommendations
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OTTAWA (CP) - The Bank of Canada raised its key policy interest rate by a quarter of a percentage point to 2.50 per cent Tuesday as it tries to encourage growth while controlling inflation.
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The U.S. Federal Reserve raised  interest rates on Tuesday by a quarter percentage point as  expected, the third straight rise in a bid to keep a lid on  inflation pressures despite some signs of economic softness.
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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.
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BASEL, Switzerland  - Central banks around the world should raise interest rates further to curb inflation pressures, the Bank for International Settlements said on Sunday.
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The Centre is said to be of the view that with the inflation rate already high, any hike in prices at this juncture could fuel it further.
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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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Australia&#39;s central bank said Monday that an expected increase in inflation next year could force it to raise interest rates. The government has pledged to keep interest rates low, but prices have been rising
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As expected, the central bank raised the federal funds rate on overnight loans by a quarter point, to 2.25 percent.