HDFC hikes floating loan rates by 25 bps

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 [...]

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Posted February 10, 2011 by ][-NooM-][ under Benchmark Lending, More Loans

Kenya Central Bank Keeps Benchmark Rate Steady at 6%

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 [...]

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Posted February 10, 2011 by ][-NooM-][ under Benchmark Lending, More Bank

Japan’s Central Bank keeps Lending Rate, Lifts Growth Forecast

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 [...]

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Posted January 28, 2011 by ][-NooM-][ under Benchmark Lending, More Bank

China Raises Interest Rates Again to Cool Inflation

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 [...]

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Posted December 26, 2010 by ][-NooM-][ under Benchmark Lending

Turkey’s largest Banks to sell Debt Curbs once removed

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 [...]

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Posted December 17, 2010 by ][-NooM-][ under Benchmark Lending, More Bank

Russian Central Bank has raised Interest Rates in May to move the focus to inflation

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 [...]

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Posted December 12, 2010 by ][-NooM-][ under Benchmark Lending, More Loans

Dollar Hits New Euro 2 month High Potential of Risk they are ready for Relaxation

Very strength of the weak dollar continues to be the main partner of the euro. But in an indirect appreciation we have seen a standard strength of a currency that seems to be devoid of all derivatives of appreciation. – Dollar hits fresh two-month high against the euro as risk trends primed for relaxation. – [...]

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Posted December 2, 2010 by ][-NooM-][ under Benchmark Lending