The Bank of Japan (BOJ) on Tuesday decided by unanimous vote to keep its benchmark lending rate unchanged at between 0.0 and 0.1 percent as the central bank continues to tackle the nation’s lingering deflation. The central bank also raised its economic growth forecast for fiscal 2010 to 3.3 percent, following a two-day policy board [...]
Tags: Benchmark Lending, benchmark lending rate, BOJ, Central Bank, cheap credit, economic growth, growth forecast, lending rate, U.S. dollars, unchanged
Posted January 28, 2011 by ][-NooM-][ under Benchmark Lending, More Bank
Some Chinese banks have sharply raised lending rates to rein in credit growth following a steep increase in new loans this month, the China Securities Journal reported Wednesday, citing unnamed industry sources. The lending rates on one state-run bank’s loans to borrowers in industries that are highly polluting or which have overcapacity are 45% higher [...]
Tags: Banks Raise, benchmark lending rate, Central Bank, China Banks, commercial bank, credit growth, Curb Loans, interest rates, Lending rates, PBOC, Property loans
Posted January 28, 2011 by ][-NooM-][ under Benchmark Lending
The yuan strengthened beyond 6.6 per dollar for the first time in 17 years, bringing gains for 2010 to 3.6 percent, on speculation China will allow the currency to advance in an effort to tame inflation. The benchmark money-market rate reached a three-year high after the central bank drained cash from the banking system to [...]
Tags: account surplus, Action Economics, banking system, Benchmark Lending, benchmark money, Boost Lending, Central Bank, curbing inflation, deposit rates, funds, market rate, US Dollar, Yuan Advances Beyond
Posted January 3, 2011 by ][-NooM-][ under Benchmark Lending
The People’s Bank of China said it would raise the one-year benchmark lending rate by 25 basis points to 5.81 percent, and the benchmark deposit rate by the same amount to 2.75 percent. The Chinese economy has been awash in liquidity due to government stimulus money and generous lending by state banks. Chinese officials are [...]
Tags: benchmark deposit, Benchmark Lending, China raises, Cool Inflation, deposit rate, generous lending, interest rates, lending rate, manufacturing centers, Rising property, stimulus money
Posted December 26, 2010 by ][-NooM-][ under Benchmark Lending
Indian markets are expected to open flat and trade in the range of 5880-5990. On the global counters US stocks posted small gains for the week, despite all the major indexes either closing at or touching 52-week highs at some point, as investors weighed continued economic strength against European sovereign debt worries. The crucial support [...]
Tags: benchmark prime lending rate, BPLR, debt worries, Federal Bank, Hero Honda, Indian Markets, investors, major indexes, Open Flat, Union Bank, Union Bank raises, US stocks
Posted December 20, 2010 by ][-NooM-][ under Benchmark Lending, More Financial
Turkey’s largest banks are lining up to sell their securities denominated in pounds before after regulators removed the ban to protect the investor demand for government debt. Turkiye Is Bankasi AS and Turkiye Garanti Bankasi, the two largest listed lender in Turkey, the plan to give the local bond market as the central bank reduces [...]
Tags: bank lending, Benchmark Lending, Central Bank, Debt Curbs, deficit currents, interest rates, investment grade, largest banks, lending rate, Mortgages Lag, retail bank, US Dollar
Posted December 17, 2010 by ][-NooM-][ under Benchmark Lending, More Bank
In line with market trends, IDBI Bank today announced an increase in deposit rates and lending to a maximum of 100 basis points. Although the interest rates on deposits of different maturities will be increased from 25 to 100 basis points, the lending bank could also become expensive, with the lender has increased the interest [...]
Tags: benchmark prime lending rate, BPLR, deposit rates, ICICI Bank, IDBI Bank, interest rates, Lending rates, loan rates, Reserve Bank
Posted December 17, 2010 by ][-NooM-][ under Benchmark Lending
