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Further deposit rate cuts only after inflation falls, says IBA
Published December 2, 2008, 8:47 am, Business Standard India
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.
Private investment needs activation, because fiscal expansion may create a crisis, says
Published December 2, 2008, 8:39 am, Business Standard India
The global financial meltdown, recessionary trends in the US, Europe and Japan will have a significant impact on the Indian economy.
Jordanian Central Bank rate cuts go into effect
Published December 2, 2008, 8:23 am, Lexington Herald-Leader
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 ...
Jordanian Central Bank rate cuts go into effect
Published December 2, 2008, 8:19 am, San Francisco Chronicle
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...
Jordanian Central Bank rate cuts go into effect
Published December 2, 2008, 8:18 am, The Post-Standard
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.
(AFX UK Focus) 2008-12-02 15:41 INDICATORS - Czech Republic - December 2
Published December 2, 2008, 8:05 am, Interactive Investor
(last updated on Dec 1 with end-Nov state budget and Q3 real wage) -------------------------------------------------------------------------------
BOE Allots GBP13.51 Billion In Three-Month Repo; Average Rate 1.74%
Published December 2, 2008, 8:01 am, Nasdaq
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.
UPDATE 1-Serbian cbank steps in as dinar sinks below 90 to euro
Published December 2, 2008, 7:15 am, The Forex Market
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.
FACTBOX-How Russian authorities are dealing with crisis
Published December 2, 2008, 7:04 am, Reuters via Yahoo! Philippines News
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.
CRIME REPORT: Car repossession leads to gunfire
Published December 2, 2008, 6:58 am, Memphis Commercial Appeal
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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