SDB Club Benchmark Real Estate

Kenya’s central bank left its benchmark interest rate unchanged for the second straight meeting, following six cuts since last year, after commercial lenders increased loans to consumers and businesses. The Monetary Policy Committee left the key lending rate at a record low of 6 percent, the Nairobi-based Central Bank of Kenya said in an e-mailed [...]

Russia’s central bank said it may increase interest rates in the first quarter, signaling a shift in its focus to inflation as the International Monetary Fund warned prices may remain “elevated on unchanged policies.” “Inflation is beginning to worry us,” Chairman Sergey Ignatiev told reporters yesterday in Moscow. The central bank will “primarily” use its [...]

Denmark’s central bank raised the rate it offers on certificates of deposit by 0.1 percentage point to defend the krone’s peg to the euro after interbank rates lagged behind those in the common currency area. Copenhagen-based Nationalbanken increased the rate to 0.7 percent, raising it for the second time this month, after the spread between [...]

Mumbai, Oct 5 (PTI)The country’s largest private lender ICICI Bank is all set to increase the home loan interest rate by 25 basis points to 8.5 per cent from tomorrow. An announcement to this effect is likely to be made shortly, banking sources said. Under the proposed scheme, home loan seekers will have to pay [...]

Jakarta. Business leaders and economists have backed Bank Indonesia’s plan to require lenders to declare their prime lending rates to encourage competition. Bank Indonesia Governor Darmin Nasution said on Friday the new regulation would require lenders to publish the rates given to their most creditworthy customers. The policy is expected to take effect by the [...]

Peru’s central bank may raise its benchmark lending rate today for a fifth straight month as the fastest economic expansion since 2008 threatens to accelerate inflation beyond the central bank’s target. The seven-member board will probably increase the bank’s reference rate by a half-point to 3 percent from 2.5 percent, according to all 14 economists [...]

From July 1, the banking sector moved into this new interest rate regime. Prabhakar Sinha explains how it can benefit borrowers Anew interest rate regime kicked off when the country moved to the Reserve Bank of India (RBI) mandated system of base rate, which is likely to be a more objective interest rate benchmark than [...]