The IMF has told depositors in Cyprus to take a haircut. While the IMF says it is a "one-off" sort of thing, it is also the first "one-off," which has to make depositers remember whether it is the last. Depositors are offered the following deal--if you take a low rate of interest, your deposits will be guaranteed. We do this to avoid bank runs, such as the one depicted...
(2 months and 4 days ago)
New readings on euro-zone unemployment and the bloc's inflation rate increase the likelihood of a rate cut by the ECB on Thursday.
(19 days ago)
IT is widely expected the RBA will keep the cash rate steady on Tuesday and there may be only one more rate cut this year.
(1 month and 17 days ago)
The town’s tax rate is 27.5 cents per $100 of valuation. A four-cent rate cut would save the owner of a $200,000 home $80 a year.
(1 month and 23 days ago)
MILAN (Reuters) - The International Monetary Fund (IMF) is planning to cut its U.S. growth forecast for this year due to higher taxes and spending cuts, Italian news agency ANSA said, citing a draft of the IMF's next World Economic Outlook report.
(1 month and 25 days ago)
BANK of Queensland chief executive Stuart Grimshaw has forecast the Reserve Bank to cut the cash rate once more this year.
(1 month ago)
The head of the IMF said the European Central Bank should consider a further cut in its key interest rate, a day after its president played down the possibility of taking further steps to revive the euro-zone economy.
(2 months and 13 days ago)
Talk of a rate cut usually sends a currency lower, so no wonder analysts are puzzled as the euro holds firm in the face of growing speculation that the ECB will cut interest rates.
(19 days ago)
THE financial markets' confident prediction of a rate cut at tomorrow's Reserve Bank board meeting is unlikely to be fulfilled.
(14 days ago)
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