Interbank rates still high after rate cut

Oct. 9, 2008

NEW YORK (AP) -- The Federal Reserve's interest rate cut failed to pull down bank-to-bank lending rates Thursday, and the amount of commercial paper in the market fell for the fourth straight week....

Bank of Japan moves to free up lending

TOKYO, Dec. 2 (UPI) -- The Bank of Japan said Tuesday it would initiate a series of steps to pump $32 billion into the economy.

Bernanke says rate cuts are 'feasible'

AUSTIN, Texas, Dec. 1 (UPI) -- U.S. Federal Reserve Chairman Ben Bernanke said Monday that further reductions in the current lending rate are possible.

Britain considers monitoring bank lending

LONDON, Nov. 28 (UPI) -- The British Treasury said it was considering emergency steps to ensure banks are making loans to consumers and small businesses.

King says BOE may cut rates again

LONDON, Nov. 25 (UPI) -- Bank of England Gov. Mervyn King said Tuesday the central bank may need to cut rates to stimulate the country's sluggish lending.

U.S. mortgage rates fall for second week

WASHINGTON, Nov. 13 (UPI) -- Interest rates for 30-year, fixed-rate U.S. mortgages declined slightly in the last week, the Federal Home Loan Mortgage Corp. said Thursday.

BOE sees sharp contraction ahead

LONDON, Nov. 12 (UPI) -- The British economy could shrink 2 percent in the second quarter of 2009, the Bank of England said Thursday.

British banks to lower interest rates

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.

Lloyds to pass rate cut on to customers

LONDON, Nov. 6 (UPI) -- A major British bank said it would pass on the full lending rate cut announced by the Bank of England Thursday to its customers.

Two key banks cut lending rates in Europe

LONDON, Nov. 6 (UPI) -- Two central banks in Europe cut their lending rates Thursday -- the Bank of England by 1.5 points and the European Central Bank by 0.5 point.

Japan may not cut interest rate further

TOKYO, Nov. 5 (UPI) -- Japan's central bank, which cut its key interest rate to 0.3 percent from 0.5 percent, appeared unlikely Wednesday to cut more as indicated by its governor.

Britain banks warned to pass on rate cut

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.

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.