The Reserve Bank of India (RBI) has kept interest rates on hold ignoring government pressure to reduce borrowing costs, but said it was shifting its focus towards boosting a flagging economy, raising the odds of a rate cut as early as January.
Royal Bank of Scotland (RBS) is facing the increasing likelihood of having to settle separately with UK and US authorities investigating its involvement in the global interest rate-setting scandal, the Sunday Telegraph said.
India's central bank has left interest rates unchanged but cut the cash reserve ratio for banks, disappointing market hopes that it would follow up the government's unexpected bold reform measures by reducing borrowing costs.
Iran will not raise bank interest rates, the central bank governor said on Saturday, judging damping down double-digit inflation a higher priority than stabilising the volatile rial currency.
"The bank interest rate will not
Dubai's sovereign bonds rallied this week, benefiting from good liquidity in the market as well as a rise of investor confidence in the high-flying emirate's ability to repay debts and sustain growth.
Traders cited a general improv
The Reserve Bank of India (RBI) releases its mid-quarter monetary policy review today, and weakening domestic and global economic conditions have added to the likelihood it will take action to boost growth, despite lingering inflation worries.
Egypt's central bank kept its benchmark overnight deposit and lending rates steady on Thursday, warning that although economic growth was feeble, there was a risk that inflation might accelerate.
The bank's Monetary Policy Committee (MPC)
The Reserve Bank of India (RBI) is likely to cut its repo rate for the first time in three years in an attempt to lift sagging economic growth, even as high oil and food prices remain a challenge to managing inflation, a poll showed.
Saudi Arabia's market interest rates are climbing as the economy booms, but the rise is as much due to international pressures as strain on banks' lending resources, and any hike of official rates probably remains distant, say analysts.
Brent crude rose above $110 on Thursday, extending gains on hopes of demand growth revival after the US Federal Reserve said it aimed to keep interest rates low for much longer than previously planned to help speed economic recovery. &n