India RBI ups repo rate 25 bps to check inflation
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MUMBAI: The Reserve Bank of India Tuesday raised its key repurchase agreement rate a quarter percentage point to 4.75 percent, its first such hike in more than four years, to check inflation that has hovered at multiyear highs in recent months.
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South Korea's central bank raises interest rates to a six-year high of 4.75% in an effort to tackle inflation.
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Inflation reached a 27-month high while figures for growth suggested that the broader economy was not yet overheating.
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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 outlook for India&#39;s economy was upgraded Monday by international credit rating agency Standard &amp; Poor&#39;s, despite rising inflation and insufficient monsoon rains that could slow growth.
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NEW DELHI India&#39;s central bank on Tuesday unexpectedly raised a key interest rate for the first time in four years, saying that soaring commodity prices and corporate demand for credit threatened to fuel inflation.
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Federal Reserve policymakers today raised interest rates by another notch for the fifth consecutive time this year amid signs of a strengthening economy.
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Federal Reserve policy-makers raised the benchmark US interest rate a quarter point to 2.25 per cent and restated a plan to carry out
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The Reserve Bank has raised the Official Cash Rate by a further 25 basis points, to 6.5 percent. It&#39;s the sixth rate rise this year, and matches market anticipations.
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India's wholesale price inflation surged to a new 3-1/2-year high of 7.96 percent in the week ended August 7 due to higher energy and manufactured product prices, prompting the government to slash duties on steel.
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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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The US Federal Reserve raises rates for the fifth time this year, taking them a quarter percentage point higher to 2.25%.
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India's rupee hits a five-year high after Standard & Poor's raises the country's foreign currency rating.
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The pound remained sharply higher after the Bank of England's decision to hike interest rates by 25 basis points to 4.75 percent surprised the market, which had been expecting rates to be left on hold.
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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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Some Wisconsin quarters issued last year are turning out to be worth considerably more than 25 cents.
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Rising energy prices pushed inflation up to 1.2% in October from 1.1% the previous month, official figures showed today. The Office for National Statistics (ONS) said the largest impact on the consumer price