Japan’s central bank on Friday raised interest rates for the first time in six years, lifting its overnight rate by a quarter point from zero and affirming the end of a long era of deflation and economic stagnation.
Joint-stock banks have been following each other to raise deposit interest rates sharply since mid June, a move which has been explained as indicating they are short of capital.
Commercial banks have reported satisfactory profit for the first half of 2009, forecasting that the fulfillment of their yearly business plans is within reach.
Federal Reserve Chairman Ben Bernanke on Monday urged decisive action to protect the economy and said the central bank had alternative tools it could employ to help as interest rates approach zero.
China has less scope than before to raise interest rates and banks’ required reserves, making it very tough for policy makers to steer the economy to a soft landing, Vice Finance Minister Li Yong said on Sunday.
While US$ interbank interest rates have been decreasing, the VND/US$ exchange rate keeps rising. . US$ interest rates decreasing slightly. According to the St…
Statistics show that some $20 billion dollars has been deposited by people and businesses at banks. The high volume shows that there are many bond potential buyers.. US$ bond…
Commercial banks have continuously adjusted VND and US$ deposit interest rates, thus creating a new interest rate ground. Now people dont know whether they ought to open VND or US$ deposits.
Chao Dai Viet Company director Vuong Quang Huynh (L) introduces his interest rates website at a press briefing on June 19..- Chao Dai Viet Company officially launched Friday a website …
Commercial banks are stepping up the race to raise interest rates on dong deposits, with the highest rate being offered now at more than 10 per cent per year.
