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| Read the previous article Read the next article It says delays in processing annuity transfers mean payouts do not start on time and annuity rates could drop during any delay in sorting out paperwork. Australian central bank cuts interest rates Australia's central bank cut interest rates Tuesday for the first time in over six-and-a-half years, pushing them down 25 basis points to seven percent amid signs of cooling economic growth. Australian central bank cuts rates; lenders follow The top banks in Australia lowered variable mortgage rates Tuesday in response to the Australian central bank's decision to cut rates ECB expected to leave interest rates unchanged The European Central Bank and Bank of England will likely leave interest rates unchanged Thursday in the face of mounting inflation and slowing growth. OECD Advises Central Banks to Leave Rates Unchanged (Update2) Sept. 2 -- The world's leading central banks should keep interest rates at their current levels as they try to balance strong inflation with weak expansion, the Organization for Economic Cooperation and Development said. Australia lowers interest rates Australia's central bank cuts interest rates for the first time in seven years as its economy slows Australia Dollar Is at Year-Low as Rates Cut; N.Z. Dollar Drops Sept. 2 -- The Australian dollar fell to its lowest level in almost a year after the Reserve Bank of Australia cut interest rates for the first time since 2001. The New Zealand dollar also declined. Subbarao May Raise Rates as India's Next RBI Governor (Update1) Sept. 2 -- Duvvuri Subbarao, an advocate of higher interest rates as the top bureaucrat at India's Finance Ministry, now has the chance to turn his words into action. Indian cash rates rise as money supply tightens MUMBAI, Sept 2 Reuters - Indian overnight cash rates were higher in afternoon trade on Tuesday on tight cash conditions after an increase in the banks' cash reserve requirements took effect over the weekend. Rates on way down FAMILIES with mortgages will be more than $50 a month better off after interest rates fell for the first time in seven years yesterday. |