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11/30/2008 News For: CD Interest Rate Comparison In Southern CaliforniaEurozone ready for rapid-fire triple rate cut: analysts The eurozone is set for an unprecedented third interest rate cut in less than two months when European Central Bank governors meet this week in Brussels, with the key question being, by how much? The high street banks on interest rate cut High street stores are hoping for a big cut in interest rates next week after figures showed that retail sales plunged this month with further falls forecast for the run-up to Christmas. A survey released yesterday by the CBI showed that 62% of firms reported lower sales in the first half of November compared with a year ago. Another strong fall in year-on-year sales volumes is expected ... Duguay Says Further Canada Interest-Rate Cut Likely ‘Required’ Nov. 27 -- Bank of Canada Deputy Governor Pierre Duguay said policy makers will likely need to cut the bank’s benchmark interest rate again to boost economic growth. UPDATE 2-Mexico keeps interest rate steady, eyes slowdown MEXICO CITY, Nov 28 Reuters - Mexico's central bank held its key interest rate steady on Friday as the highest inflation rate in seven years overshadowed fears the global credit debacle will throw the Mexican economy into recession. UPDATE 1-Mexico keeps interest rate steady for third month MEXICO CITY, Nov 28 Reuters - Mexico's central bank held its key interest rate steady on Friday as seven-year high inflation overshadowed fears the global credit debacle will throw the Mexican economy into recession. Mexico keeps interest rate steady at monthly review MEXICO CITY, Nov 28 Reuters - Mexico's central bank kept its reference interest rate steady at 8.25 percent on Friday because of stubborn inflation and warned that risks to economic growth have increased. Russia raises interest rate again to stem capital flight The Russian central bank on Friday hiked its key refinancing interest rate to 13 percent from 12 percent in a bid to curb capital outflows due to the economic crisis, it said in a statement. Eurozone ready for rapid-fire triple rate cut: analysts European Central Bank President Jean-Claude Trichet addresses the press. The eurozone is set for an unprecedented third interest rate cut in less than two months when European Central Bank governors meet this week in Brussels, with the key question being, by how much? Russian ruble weakens despite interest rate hike The Russian Central Bank allowed the ruble to weaken about 1 percent against the dollar and the euro while also hiking interest rates by a full percentage point on Friday. Interest rate cut sees borough property sale rise A HOUSE builder with properties in Ellesmere Port says the Bank of England’s decision to cut the interest base rate has prompted a dramatic surge in sales. |