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News For: Wachovia Current CD Interest RatesGieve fuels hopes of cut in interest rates before year-end Bank of England Deputy Governor Sir John Gieve yesterday dwelled upon the significant damage which could be done to UK economic activity by tight credit conditions and tumbling house prices - fuelling hopes of a cut in benchmark interest rates before the year-end. Turkish interest rates can be cut -PM ANKARA, Sept 22 Reuters - Turkish Prime Minister Tayyip Erdogan said on Monday that his view on interest rates differed from that of the central bank and that rates can be cut. ICICI Bank raises interest rates on NRI deposits ICICI Bank, the biggest private sector bank in the country, today announced half a percentage point increase in the interest rates on its NRE and FCNR deposits of non resident Indians effective September 17. Tanzania: High Interest Rates Setback to Education Development High interest rates charged by banks in the country are obstructing private schools to apply for development loans. It is claimed that such schools are for commercial gains rather than social services. Interest rates likely to stay high in FY '09: Economists Interest rates are likely to stay at the present high levels in the months ahead and may start easing by the last quarter of this fiscal after inflation comes down normal levels and liquidity conditions improve. Federal Bank raises interest rates KOCHI: The Federal Bank has hiked interest rates for NRE term deposits and FCNR deposits by 0.50 per cent. The revised rate of interest for NRE term deposit for one to two years is 3.71 per cent. It will be 3.81 per cent for two ... Rates rise at weekly Treasury auction Interest rates on short-term Treasury bills rose in Monday's auction to the highest levels in two weeks. The Treasury Department auctioned $27 billion in three-month bills at a discount rate of 1.420 percent, up from 1.050 percent last week. Payday loans: Should interest rates be capped? About a third of state governments have followed the federal lead in capping interest rates on short-term loans often used by borrowers who live check to check. California isn't one of those states. A bill here died in committee last session, and sponsor Assemblyman Dave Jones, D-Sacramento, hasn't decided yet whether he will try again next year. In 2006, Congress capped rates on payday loans, ... Asia Round Up - BoJ Board Of Governors Unanimous In Holding Key Interest Rate RTTNews - Monday, economic news releases from Japan took the center stage among other Asian economies. Minutes released by the Bank of Japan showed the board members unanimously voted to leave interest rates at 0.50%, at the conclusion of its two-day monetary policy meeting in August. Rates rise on short-term Treasury bills WASHINGTON ��� Interest rates on short-term Treasury bills rose in Monday's auction to the highest levels in two weeks. |



