The European Central Bank kept interest rates at a six-year high today to fight inflation even as the euro-region economy cools.
ECB policy makers meeting in Frankfurt left the benchmark lending rate at 4 percent, as predicted by all 59 economists in a Bloomberg News survey. The bank will wait until at least February to lower [...]
Chile’s central bank will probably raise the benchmark lending rate for the sixth time in the past 12 months as policy makers seek to slow the fastest inflation since 1994.
Central bank President Jose de Gregorio will increase the overnight rate by a quarter percentage point to 6.50 percent, according to 12 of 24 forecasts in [...]
The number of mortgages approved for people buying a home fell to a record low for the second consecutive month, figures from the Bank of England reveal.
Around 58,000 loans were approved in April according to the bank and in no way reflected the predictions of some economists who had expected an increase on the 64,000 [...]
That’s the approach we in the General Assembly have taken to the home mortgage crisis, believing that big-government intervention can make a bad situation worse.
In the late 1970s, because of something known as “redlining,” in which some banks discriminated against certain neighborhoods, Congress passed legislation that led to the easing of restrictions of lending for [...]
India’s inflation accelerated at the fastest pace in more than 3 1/2 years, maintaining pressure on the government to do more to tame prices which threatens economic growth. Bonds fell.
Wholesale prices jumped 8.1 percent in the week ended May 17 from a year earlier, Finance Minister Palaniappan Chidambaram told reporters in New Delhi today. Economists [...]
Iceland’s central bank unexpectedly left its benchmark interest unchanged, six days after it obtained emergency funding from its Nordic counterparts to bolster the currency and quell inflation.
Sedlabanki kept the weekly lending rate at a record 15.5 percent, according to a statement on the Reykjavik-based bank’s Web site today. Three of 10 economists surveyed by Bloomberg [...]
Colombia’s peso bonds rose the most in three weeks after central bankers signaled they’re concerned about an economic slowdown, fueling speculation they may hold off from raising interest rates in coming months.
The central bank left the benchmark overnight rate at a six-year high of 9.75 percent today and said in a statement after the meeting [...]
The risk of Australian companies defaulting on their debt will stop a record plunge this year as the nation’s rising interest rates and slowing U.S. economy stoke concern that company profits will fall, UBS AG said.
Australia’s benchmark credit-default swap index, which comprises 25 companies including Qantas Airways Ltd. and Macquarie Group Ltd., has decreased as [...]
The Bank of Israel on Monday left its benchmark lending rate unchanged at a record low following two months of cuts after the inflation rate rose to the highest in almost two years.
The rate charged to commercial lenders will remain at 3.25 percent, the bank said.
All 18 economists surveyed by Bloomberg had forecast the rate [...]
The hoped-for rebound in home sales failed to blossom this spring, with the housing market caught in a downward spiral as falling prices continue to sap consumer sentiment and keep would-be buyers on the sidelines.
The all-important sales season that unofficially kicks off after the Super Bowl again failed to lift the residential market out of [...]
