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| New Zealand cuts 0.5 percent from key rate New Zealand's central bank cut its official cash rate by half of a percentage point to 7.5 percent Thursday in response to a recession. Bollard Cuts N.Z.'s Key Rate to 7.5%; Currency Slumps (Update1) Sept. 11 -- New Zealand's central bank cut its benchmark interest rate by a half point to 7.5 percent, more than forecast by most economists, saying the economy is in a recession and inflation will slow. (AFX UK Focus) 2008-09-12 00:38 Peru central bank raises benchmark rate to 6.5 pct LIMA, Sept 11 Reuters - Peru's central bank raised its benchmark interest rate to 6.5 percent from 6.25 percent after a monthly monetary policy meeting on Thursday, the latest in a string of measures to curb inflationary pressures. Bank of America in $4.5 Billion Auction-Rate Settlement In a settlement made public Wednesday, Bank of America Securities LLC will buy back $4.5 billion in auction-rate securities from customers who purchased the flawed investment instruments. Bank of Korea holds key rate steady at 5.25% The Bank of Korea held its main policy rate unchanged Thursday at a seven-year high of 5.25%, as expected. Bollard Cuts New Zealand's Rate By Half Point to 7.5% (Update3) Sept. 11 -- New Zealand's central bank cut its benchmark interest rate by a half point to 7.5 percent, more than expected by most economists, saying the economy is in a recession and inflation will slow. New Zealand cuts 0.5 percent from key rate WELLINGTON, New Zealand New Zealand's central bank cut its official cash rate by one half percent to 7.5 percent from 8 percent Thursday, responding to a marked economic slowdown this year that has pushed the country into recession. Velarde Raises Peru Lending Rate to 6.5% to Slow Inflation Sept. 11 -- Peru's central bank President Julio Velarde raised the overnight lending rate for the seventh time in 12 months in a bid to slow the fastest inflation in a decade. Reserve Bank Of New Zealand Cuts Benchmark Rate By 0.5% Reserve Bank Of New Zealand Cuts Benchmark Rate By 0.5% Bank of America in $4.5 Billion Auction-Rate Settlement In a settlement made public Wednesday, Bank of America Securities LLC will buy back $4.5 billion in auction-rate securities from customers who purchased the flawed investment instruments. The deal settles another in a series of investigations into various financial services firms' marketing of what had been touted as a safe investment bet but proved virtually useless when the market for them ... || Total News Items Found: 10 || |