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Interest Rates

First Islamic bank in Germany to open in July
Germany is to get its first fully operational Islamic bank on July 1. Opened by the Turkish finance group Kuveyt Turk it will provide Sharia compliant banking services.

24.04.2015 11:04

‘Institutionalised theft’: Barclays’ PFI contracts based on rigged interest rates ‘bleeding NHS & schools dry,’ say activists
Political activists gatecrashed Barclay’s AGM in Central London on Thursday to highlight the role of private finance initiatives (PFI) in “killing off” Britain’s public services, racking up unsustainable debt, dodging tax and funneling profits offshore.

23.04.2015 08:38

Stronger ruble may let Russia cut key rate – Central Bank governor
The ruble’s growth may give Russia the possibility to cut interest rates – unless there are major shocks to the economy – Central Bank of Russia (CBR) Governor Elvira Nabiullina said in Washington.

17.04.2015 09:10

Keeping rates near zero poses risk of market bubble – US Fed official
With the US economy improving and the unemployment rate expected to fall to the 4 percent range, maintaining interest rates near zero risks destructive asset-price bubbles, according to a Federal Reserve official.

16.04.2015 07:28

Russian Central Bank cuts key interest rate to 14%
The regulator slashed the rate by 100 basis points to 14 percent from 15 percent, which comes as some relief for business which has been lobbying for lower borrowing costs.

13.03.2015 07:59

Singapore latest to join currency wars, hits 2010 low
The Singaporean dollar tumbled to a 4-year low against the US dollar after the Monetary Authority unexpectedly stymied currency appreciation. The move is just the latest in the trend of weaker currencies in 2015.

28.01.2015 15:36

Ruble loses 5 percent as oil rout worsens
The Russian ruble lost 5 percent on Tuesday on the second day of post-holiday trading on the Moscow Stock Exchange. Sliding oil prices, which dropped below $50 per barrel on Monday, continue to weigh on the currency.

06.01.2015 16:14

​US stock market hits milestone following surge in economic growth
The US stock market hit a historic milestone on Tuesday, following an announcement that the country’s economy grew five percent between the months of July and October ‒ its fastest pace in over a decade.

23.12.2014 20:33

‘Putin keeps ace up his sleeve to surprise market’
President Putin has not disclosed his future strategic plans during the annual Q&A since to surprise international markets one should always have an ace up the sleeve, French economist Jacque Sapir told RT.

18.12.2014 13:29

Russian Central Bank hikes key interest rate to 17% to halt ruble roil
The Central Bank of Russia has increased its key interest rate to 17 percent in order to curb the inflation risks and rapid devaluation of the national currency, which hit a historic low of 64 rubles against the US dollar in Monday evening trading.

15.12.2014 23:13

Russian central bank hikes key interest rate to 10.5% to combat inflation, plunging ruble
The Russian Central Bank has increased borrowing costs to 10.5 percent to avoid a further rout of the ruble. The currency has lost more than 40 percent this year, and annual inflation is slated to reach 10 percent.

11.12.2014 09:35

ECB close to printing money to battle spiraling deflation
The European Central Bank is on the verge of quantitative easing in order to combat low inflation, weak GDP growth, and unemployment which have driven the EU into a grinding recession. A decision by the bank is expected early next year.

05.12.2014 07:36