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Greece's short-term debt rates drop after bond issue

Athens - Greece's short-term borrowing costs tumbled on Tuesday, days after the crisis-hit country returned to medium-term international bond markets for the first time for four years. Athens paid 2.75 percent interest on 1.625 billion euros ($2.
In the Media by AFP

Ukraine currency recovers after 46% interest rate hike

Kiev - Ukraine's currency steadied on Tuesday from heavy falls after the crisis-hit country's central bank unexpectedly raised its key interest rate by nearly 50 percent to boost consumer confidence and stop spiralling inflation.
In the Media by Dmitry Zaks (AFP) - 1 comment

ECB's Draghi: the strong euro could require policy action

Washington - European Central Bank chief Mario Draghi said Saturday that the bank may need to take action to stem the rising euro."The strengthening of the exchange rate would require monetary stimulus" as long as interest rates are already extremely low, he said.
In the Media by AFP

Steady stimulus taper 'likely': Fed minutes

Washington - Federal Reserve policy makers expect to continue the steady cutback to its stimulus program, the minutes to their March 18-19 meeting showed Wednesday.
In the Media by AFP

Bank of England set to hold record-low interest rates

London - The Bank of England is forecast Thursday to freeze interest rates at a record-low 0.50 percent, amid caution over the strength of Britain's economic recovery, analysts said.
In the Media by Roland Jackson (AFP)

Tight budget less crucial with interest rates low: IMF

Washington - Austerity budgets and public spending cuts are less critical to economic health as interest rates in the major advanced economies remain historically low, the International Monetary Fund said Thursday.
In the Media by AFP

ECB holds key rate steady at 0.25% 

Frankfurt - The European Central Bank held its key interest rates steady as widely expected on Thursday. The ECB left its central "refi" or refinancing rate unchanged at 0.25 percent at its monthly policy meeting, it said in a statement.
In the Media by AFP

Brazil hikes key rate to 11 percent

Braz - Brazil raised its key interest rate by 25 basis points to 11 percent, as Latin America's largest economy scrambled to contain inflation.
In the Media by AFP

India keeps rates on hold ahead of election

Mumbai - India's central bank kept key interest rates steady on Tuesday in a widely anticipated move less than a week before the start of national elections.
In the Media by Aditya Phatak (AFP)

Hungary cuts base rate to new record low

Budapest - Hungary's central bank cut its main interest rate to a record low 2.60 percent on Tuesday, in an effort to boost the economy before elections on April 6.
In the Media by AFP
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