ANKARA - Turkish Finance Minister Mehmet Simsek defended Wednesday the central bank's policies despite criticism voiced by the prime minister over the timid easing of a key interest rate
Cabrl in October unexpectedly cut both key interest rates
by 50 basis points to guard against the risk of a default amid a government shutdown in the US, its largest export market.
SEOUL - The Bank of Korea cut Thursday the key interest rate
for the first time in seven months, as the yen's weakness threatens to hurt the economy, Yonhap news agency reported Thursday.
This, many argued, will offer Turkish Central Bank Governor Erdem BaE-E*y's team an opportunity to consider a further cut in key interest rates
Last week, the European Central Bank cut its key interest rate
by a quarter of a percentage point to a record low in an effort to boost its sagging economy.
The bank last changed its key interest rate
in February 2010, when it cut the rate by 75 basis points to 4.
The Federal Reserve has cut its key interest rate
half a point to one per cent in an anticipated move, as it aims to avoid a possible US recession.
However, the governing council of the ECB decided at its meeting at Dublin Castle to leave its key interest rate
unchanged for now.
Federal Reserve overnight cut its key interest rate
WASHINGTON - The Federal Reserve left a key interest rate
unchanged at a 41-year low Tuesday, giving consumers and businesses more time to take advantage of rock-bottom borrowing costs to help the economy snap out of its listless state.
The Federal Reserve Bank's aggressive lowering of a key interest rate
to its lowest point in four decades impacted the Bank's Net Interest Margin," Gilles said.
Today, the Federal Open Market Committee announced that it would whittle its key interest rate
by 50 basis points down to 1.