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Australia's big banks have lowered rates, but not all passed on the full RBA cut.
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ECB to relaunch bid process for building new HQ - WTOP Radio
FRANKFURT, Germany (AP) - The European Central Bank will reopen the bidding process for companies that want a hand in building its new headquarters. But the bank may wind up not building at all if it can't stay within the original budget. The central ...
Export slowdown weighs on central banks in Japan, South Korea and ... - International Herald Tribune
FUKUOKA, Japan : The Bank of Japan said it would hold an emergency policy meeting Tuesday as its governor, Masaaki Shirakawa, warned that corporate borrowing costs were rising at the fastest pace in a decade. Shirakawa, in a speech in southern Japan ...
Manufacturing falls at record pace - Reuters UK
LONDON (Reuters) - Manufacturing shrank at a record pace in November after a collapse in new orders, purchasing managers' data from Markit/CIPS showed on Monday. The headline manufacturing PMI figure plunged to 34.4 from October's downwardly revised ...
European central banks under pressure to cut rates - International Herald Tribune
LONDON : The European Central Bank and the Bank of England are under mounting pressure to cut interest rates aggressively this week amid signs that the economic slump will be deeper and more prolonged than previously expected. While many observers ...
CBA, NAB & Westpac banks cut home-loan rates - ninemsn
SYDNEY, Dec 2 (Reuters) - Australian lenders Commonwealth Bank
Australian govt says banks must pass on rate cuts - FXStreet.com
CANBERRA, Dec 2 (Reuters) - Australia's banks should immediately pass on the latest cut in official interest rates, Treasurer Wayne Swan said on Tuesday, after the country's central bank cut rates by 100 basis points. The Reserve Bank of Australia ...
Two big banks pass on full rate cut - Brisbane Times
Australia's big banks have wasted no time in lowering interest rates after the Reserve Bank cut the official cash rate, but not all the banks passed on the full percentage point cut by the RBA. While Commonwealth Bank and National Australia Bank ...
CBA, NBA cut variable rates by 100 basis points - News.com.au
CBA and NAB are the first major banks to pass on all of the RBA's 1 per cent rate cut to its customers, slashing variable home loan rates to 6.74 per cent. Westpac also said it would pass on an 80 basis point cut, bringing its variable rate down to 6 ...
NAB, CBA pass on full rate cut - West Online
Two of the four big banks have already agreed to cut their rates by the full one percentage point in line with the Reserve Bank of Australia?s announcement a short time ago. The National Australia Bank and the Commonwealth Bank have cut their ...
Banks ease dong loan rates - Thanhnien
Vietnamese banks have cut lending rates slightly in the past week following central bank rate cuts but corporate borrowers are looking for a reduction of at least 2 percentage points more, they said Monday. On average, state-run banks were extending ...
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