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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
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
The U.K. Financial Services Authority is investigating claims that banks improperly sold interest-rate derivatives to small businesses, Adair Turner, the agency’s chairman, said. The FSA will assess the sales techniques and design of the ...
May 23, 2012 at 10:08 | Source: Bloomberg
The IMF has urged George Osborne to start preparing an emergency package of tax cuts and spending increases as it called for further interest rate cuts and more electronic money creation from the Bank of England to lift Britain out of its double ...
May 22, 2012 at 12:18 | Source: The Guardian
Paris - The Organization for Economic Co-operation and Development (OECD) published its latest report Tuesday, in which it notes of a "severe recession" due to the Eurozone crisis. It also urged Bank of Canada Governor Mark Carney to raise interest rates.
May 21, 2012 at 23:54 | Source: Digital Journal
Leading mortgage broking group, The Mortgage Gallery Rockingham assists clients in order to help them take advantage of the new interest rate adjustments in the banking sector. According to a recent report, the Reserve Bank of Australia is set to lower its ...
May 17, 2012 at 00:57 | Source: YAHOO!
The Nationalbank, which does not explain rate changes, used its standard formula for saying it had been intervening in the market to weaken the crown. "The interest rate reduction follows (the central bank's) purchase of foreign exchange in the ...
May 24, 2012 at 16:26 | Source: Reuters UK
HA NOI — The ceiling interest rate for deposits in dong with terms of one month up will be cut from 12 to 11 per cent per year from next Monday, under a State Bank of Viet Nam's decision issued yesterday. The ceiling lending interest rate will be ...
May 26, 2012 at 02:26 | Source: Viet Name News
There are a number of ways Congress could set interest rates on student loans that address the flaws in the current system. But there is no free lunch. Every option will force policymakers to make trade-offs. Below are two proposals that would ...
May 22, 2012 at 20:46 | Source: New America Foundation
Is your cash stuck in the interest-rate doldrums? There are some checking accounts that pay more than 2 percent, a recent review found, and that, at the moment, is considered a high yield. Bankrate.com looked at 57 high-yield accounts at banks ...
May 24, 2012 at 22:31 | Source: New York Times Blogs