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Inflation rate at 12.9%, Central Bank of Nigeria (CBN) retains interest rate at 12 percent. But economic activities are becoming unpredictable. The two-day meeting of Central Bank of Nigeria 's Monetary Policy Committee (MPC) ended with a ...
May 25, 2012 at 14:59 | Source: GroundReport
Hungary’s central bank will probably keep the European Union’s highest benchmark interest rate unchanged because of a delay in obtaining International Monetary Fund aid and a weak forint amid Europe’s debt crisis. The Magyar Nemzeti Bank ...
May 29, 2012 at 07:45 | Source: Bloomberg
ADDIS ABABA, Ethiopia, May 27 (UPI) -- The International Monetary Fund is set to push the Ethiopian government to raise bank interest rates in view of high inflation, officials said. IMF Resident Representative to Ethiopia Jan Michelson told the ...
May 27, 2012 at 14:50 | Source: United Press International
BOGOTA, May 28 (Reuters) - Colombia's central bank on Monday held its benchmark interest rate steady for a third straight month as slower inflation and economic woes in the euro zone eased concerns about inflationary pressures. The board's ...
May 28, 2012 at 18:45 | Source: Reuters UK
In a move which will benefit millions of employees, the government has hiked interest rate on contributions to General Provident Fund (GPF) and other similar funds to 8.8% for 2012-13. The interest rate on such funds was 8.6% during December ...
May 23, 2012 at 10:15 | Source: MoneyControl.com
Turkey’s central bank kept its so- called interest-rate corridor unchanged as it seeks to support the lira and slow inflation. The bank left the benchmark one-week repo rate at 5.75 percent, it said on its website today, matching forecasts by ...
May 29, 2012 at 11:20 | Source: Bloomberg
The Federal Housing Finance Agency reports the average interest rate on a conventional, 30-year fixed-rate mortgage of $417,000 or less grew 9 basis points to 4.21% in April. The interest rate reported by FHFA is determined 30 to 45 days before a loan closes.
May 29, 2012 at 14:19 | Source: Housing Wire
Some consumers would definitely benefit from a cut in interest rates. "If you are on a tracker rate your repayments would fall, unless that rate is collared – as a number will be," says David Hollingworth of mortgage brokers London & Country.
May 24, 2012 at 06:46 | Source: The Guardian
Something funky is going on with the renminbi. Swift, the global payments network – essentially an all-seeing eye over the global banking system – has released some intriguing new data about the international use of the Chinese currency.
May 29, 2012 at 12:31 | Source: Financial Times
It sounds scary: Interest rates on college loans could double if Congress doesn't act by summer. But here's the much more frightening reality: College tuition and fees have soared by more than 400 percent over the last quarter century, according ...
May 29, 2012 at 18:43 | Source: Chippewa Herald