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| South Korean won declines to 2-day low versus dollar as Bank of Korea holds rates at 5.25% RTTNews - The South Korean won fell to a 2-day low of 1105.90 against the US dollar on Thursday morning in Asia, following the Bank of Korea Governor Lee Seong Tae and his board have voted to hold the bank's seven-day repurchase rate at 5.25%. The board had left interest rates at the previous level of 5.00% for 11 straight meetings, since it raised them last August in an effort to soak up ... New Zealand Dollar Tumbles As RBNZ Slashes Rates To 7.5%, Signals More Cuts The New Zealand dollar pulled back sharply at the end of the US session to a nearly 2-year low as the Reserve Bank of New Zealand cut rates more than expected by 50bps to 7.50 percent. ANZ National Bank last hold out after rivals cut mortgage rates ANZ National Bank is now the last hold-out among the big banks who have all moved to cut their mortgage rates following yesterday's shock 0.5 per cut in the Official Cash Rate. N Zealand lowers interest rates to 7.5% WELLINGTON, Sept 11 – New Zealand’s central bank slashed interest rates by a more-than-expected half a percentage point on Thursday and said it expected to lower them further to help an economy widely seen in recession. Wellink Says Interest Rates `Adequate', ECB to Act as Necessary Sept. 12 -- European Central Bank Governing Council member Nout Wellink said he sees no need to change interest rates any time soon as the bank weighs the economic slowdown against inflation risks. Drop in Rates For Mortgages Gets Attention Of Borrowers For the first time in months, interest rates slipped below 6 percent this week, prompting Donna Gillis to immediately refinance the mortgage on her D.C. rowhouse. Indian Output Rises Before Higher Rates Impact Demand (Update1) Sept. 12 -- India's industrial production growth accelerated to a five-month high in July, before higher interest rates had a chance to damp consumer spending. Bank of Korea Keeps Rates at 5.25% RTTNews - Bank of Korea Governor Lee Seong Tae and his board have voted to hold the bank's seven-day repurchase rate at a seven-year high of 5.25 percent, the board said at its monetary policy meeting on Thursday in Seoul, in line with expectations amid slowing inflation and weak domestic demand. Bank of Korea Holds Rates at 5.25% RTTNews - Bank of Korea Governor Lee Seong Tae and his board have voted to hold the bank's seven-day repurchase rate at 5.25 percent, the board said at its monetary policy meeting on Thursday in Seoul, in line with expectations. Currencies: Dollar extends losses, but still on track for winning week The dollar falls against most major rivals Friday as investors began betting on a stronger likelihood that the Federal Reserve will cut interest rates later this year, but the currency remained on track for a winning week. || Total News Items Found: 10 || |