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India's central bank hikes key interest rate

India's central bank hiked its key interest rate by 25 basis points on Tuesday in a surprise move aimed at taming inflation, which remains above the bank's comfort level. After a meeting in the financial capital Mumbai, the Reserve Bank of India (RBI) said the benchmark repo rate, at which it lends to commercial banks, would rise to 8.0 percent. rob/pmc/ac

Indian central bank hikes key interest rate

India's new central bank governor hiked the key interest rate Tuesday for a second month running, disregarding calls for lower borrowing costs as he remains focused on battling high inflation. After a meeting in the financial capital Mumbai, the Reserve Bank of India (RBI) said the benchmark repo rate, at which it lends to commercial banks, would be hiked by 25 basis points to 7.75 percent. sal-rob/co/jw

BOK freezes key rate for 4th month as it awaits Fed meeting

By Kim Soo-yeon SEOUL, Sept. 12 (Yonhap) -- South Korea's central bank stood pat on the key interest rate for the fourth straight month on Thursday amid speculation that the U.S. Federal Reserve may taper its monetary stimulus starting this month. Bank of Korea (BOK) Gov. Kim Choong-soo and his six fellow policymakers froze the benchmark seven-day repo rate, dubbed the base rate, at 2.5 percent, as widely expected.

BOK freezes key rate for 4th month in Sept.

By Kim Soo-yeon SEOUL, Sept. 12 (Yonhap) -- South Korea's central bank stood pat on the key interest rate for the fourth straight month on Thursday amid speculation that the U.S. Federal Reserve may taper its monetary stimulus starting this month. Bank of Korea (BOK) Gov. Kim Choong-soo and his six fellow policymakers froze the benchmark seven-day repo rate, dubbed the base rate, at 2.5 percent, as widely expected.

Bank of England holds rate under new head Carney

The Bank of England on Thursday held its main interest rate steady and froze its stimulus amount at the first meeting headed by new governor, Canadian Mark Carney. "The BoE's Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5 percent," the bank said in a statement, adding that the stimulus would remain at £375 billion ($572 billion, 440 billion euros). rfj/bcp/hd

India's central bank cuts rate by 25 basis points

India's central bank cut its main interest rate by 25 basis points on Friday, in the third such move this year, but said there was "little space" for further reductions to help the slowing economy. After meeting in the financial capital Mumbai, the Reserve Bank of India (RBI) said that the benchmark repo rate, at which it lends to commercial banks, would fall to 7.25 percent, as expected by most economists. The cash reserve ratio -- the percentage of deposits banks must keep with the central bank -- was kept unchanged.

Czech central bank keeps rates at record-low 0.05%

The central bank of the recession-hit Czech Republic said on Thursday it had kept its lending rates at record-low levels, with the key two-week repo rate standing at 0.05 percent. "The two-week repo rate was maintained at 0.05 percent, the (overnight) discount rate at 0.05 percent and the (overnight) Lombard rate at 0.25 percent," the bank said in a statement after its policy meeting. Analysts polled by the CTK news agency had expected the decision given that the country's recession has been dragging on for more than a year.

URGENT ¥¥¥ India's central bank cuts interest rate

India's central bank cut its main interest rate by 25 basis points on Tuesday -- its second such reduction this year -- in an effort to jumpstart the slowing economy. After meeting in the financial capital Mumbai, the Reserve Bank of India (RBI) said that the benchmark repo rate, at which it lends to commercial banks, would fall to 7.50 percent, as predicted by most economists. sal/rob/adp/ac

CORRECTED-UPDATE 2-Swedish c.bank minutes raise chance of another rate cut

(Corrects name of af Jochnick in para 17) * Deputy govs Jansson and Wickman-Parak considered bigger cut * Analysts say minutes dovish, raise chance of another rate cut By Simon Johnson STOCKHOLM, Jan 8 (Reuters) - Sweden's central bank considered a bigger rate cut last month before deciding on a quarter point reduction, the minutes of its meeting showed, bolstering market expectations it will ease policy again by April at the latest.
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