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Bank of Japan Cuts Key Interest Rate and Lowers Growth Forecast to Zero

Oct. 31, 2008
The Japanese central bank cut its benchmark interest rate for the first time in seven years, joining other central banks.
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LONDON, Nov. 7 (UPI) -- British banks began falling in line Friday to pass on a portion of the Bank of England's interest rate cut to their customers.

ECB rate cut falls short, France says

PARIS, Nov. 7 (UPI) -- French Finance Minister Christine Lagarde said the European Central Bank's lending rate cut this week wasn't good enough.

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ABU DHABI, United Arab Emirates, Nov. 4 (UPI) -- Britain's business secretary, Peter Mandelson, warned the country's banks Tuesday to pass interest rate cuts along to their customers.

Banks in Britain fail to lower rates

LONDON, Oct. 31 (UPI) -- Half of Britain's banks failed to lower interest rates on adjustable rate mortgages after the Bank of England cut its rate Oct. 8, a research group said.

Japan interest rate cut

TOKYO, Oct. 31 (UPI) -- The Bank of Japan Friday cut its key interest rate to 0.3 percent from 0.5 percent, the first such cut in seven years, to boost Japan's sluggish economy.
Nikkei down 5 percent despite rate cut

Nikkei down 5 percent despite rate cut

TOKYO, Oct. 31 (UPI) -- Japan's Nikkei index closed sharply lower Friday despite the central bank's interest rate cut, while other Asian-Pacific markets closed mixed.

China central bank cuts lending rate

BEIJING, Oct. 29 (UPI) -- China's central bank trimmed lending and deposit rates 0.27 percentage points Wednesday in an effort to put vitality into the country's slowing economy.
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French Open tennis in Paris
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Russian Maria Sharapova signs autographs after winning her French Open womens first round match against Romanian Alexandra Cadantu at Roland Garros in Paris on May 29, 2012. Sharapova defeated Cadantu 6-0, 6-0 to advance to the next round. UPI/David Silpa