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Central bank maintains prime rate at 8 pct
13 hours ago ago from Bao Viet Nam
The State Bank of Vietnam decided December 25 to keep the prime interest rate for dong deposit accounts at 8 percent. Transaction conducted at an Asia Commercial Bank branch in Ho Chi Minh City. Other interest rates remain unchanged compared to last month. The refinance interest rate is set at 8 percent per annum and the discount rate at 6 percent. The overnight rate in inter-bank electronic ...
Related contentThe Garrett, Watts Report (Last issue, 2009)
1 hour, 44 minutes ago ago from Mortgage News Clips
To Our Clients, Colleagues and Friends, Last week we made fun of the Wells Fargo 2010 calendar for showing black and female stagecoach drivers, chiding them that they looked like they were trying to be politically cool. Naturally, we heard from several Wells Fargo-ites, and sure enough, a Delia Rawson carried the U.S. mail for Wells Fargo back in the 1880’s. And in an 1869 photograph, an unidentified African-American driver is seen guiding ...
Related contentDanish bank secures second billion kroner government loan
16 hours ago ago from Wicelandic Post
The troubled Danish financial institution Amagerbanken has finally succeeded in its application under the government’s second bank bailout to borrow DKK 1.1 billion. The formal approval for the loan comes some eight months after Amagerbanken’s application was first made, and will see the funds made available via the Bank Package II, reports The Copenhagen Post. The loan was issued with an 11.01 percent annual interest rate but ...
Related contentIndia Sets Stage for Rate Increase as Focus Shifts to Inflation
10 hours ago ago from Asx200's Blog - CFD.net.au
( CFD.net.au Contract for Difference, Share, Forex, ETFs, Commodities Traders ) - By Cherian Thomas Subbarao yesterday said “it may be appropriate to sequence the ‘exit’ in a calibrated way” from record monetary stimulus, and told banks to set aside more cash in government bonds to restrain credit. The Reserve Bank of India also told lenders to hold more funds By Cherian Thomas Subbarao yesterday ...
Related contentAustralian Inflation Cools to Slowest Pace in Decade (Update1)
10 hours ago ago from Asx200's Blog - CFD.net.au
( CFD.net.au Contract for Difference, Share, Forex, ETFs, Commodities Traders ) - Oct. 28 (Bloomberg) Australian inflation cooled to the slowest pace in 10 years, easing pressure on central bank Governor Glenn Stevens to increase the benchmark lending rate by a half point next week. The consumer price index rose in the third quarter by an annual 1.3 percent, the Oct. 28 ( Bloomberg ) Australian ...
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At Tiny Rates, Saving Money Costs Investors
22 hours ago ago from The New York Times
Millions of Americans are paying a high price for a safe place to put their money: extremely low interest rates on savings accounts and certificates of deposit. Michael Stravato for The New York Times Joe Parks, a retired accountant in Houston who sits on the volunteer advisory board of Better Investing, said that with low interest rates and fees, retirees and the elderly could take anywhere from a half to three-quarters of a ...
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