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While asking all members to fall in line and lower interest rates on bulk deposits, Indian Banks’ Association (IBA) On Monday said further reduction in term deposits rates for retail customers will depend on a fall in inflation.
The global financial meltdown, recessionary trends in the US, Europe and Japan will have a significant impact on the Indian economy.
The Jordanian Central Bank's 0.5 percentage point cut in key lending rates went into effect Tuesday, as indications mounted that the cash-strapped Arab kingdom was being hard hit by the global financial crisis. The Central Bank had last week lowered the discount rate to 6.25 percent and the repo rate to 6 percent. It also slashed the reserve requirement in private bank deposits by 1 ...
The Jordanian Central Bank's 0.5 percentage point cut in key lending rates went into effect Tuesday, as indications mounted that the cash-strapped Arab kingdom was being hard hit by the global financial crisis. The Central Bank had last week lowered the...
AMMAN, Jordan (AP) — The Jordanian Central Bank's 0.5 percentage point cut in key lending rates went into effect Tuesday, as indications mounted that the cash-strapped Arab kingdom was being hard hit by the global financial crisis.
(last updated on Dec 1 with end-Nov state budget and Q3 real wage) -------------------------------------------------------------------------------
LONDON -(Dow Jones)- The Bank of England received bids worth and allotted GBP13.51 billion in three-month funds in its auction for a possible GBP20 billion Tuesday.
BELGRADE, Dec 2 (Reuters) - The Serbian central bank intervened anew on Tuesday as the dinar hit an all-time low against the euro after breaking through the psychologically important 90 barrier.
MOSCOW, Dec 2 (Reuters) - Russia has pledged over $200 billion from budget funds and its oil wealth cash pile to help cushion the economy from a sharp slowdown and to kick-start its financial markets.
A man who police say used a handgun to interrupt the repossession of his car early today has been charged with aggravated assault and reckless endangerment.
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