SDB Club Benchmark Real Estate

HDFC hiked interest rates on floating rate home loans by 25 basis points in a move that will make loans costlier for both existing and new borrowers. In addition, a clutch of banks, including Bank of India, Oriental Bank of Commerce, Indian Overseas Bank and Dena Bank all hiked lending rates. On Monday, Punjab National [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]