ARTICLES RELATING TO INTEREST RATES

Interest rate cycles

2013-05-14 09:53

When you take a loan it is crucial to remember that interest rates don’t stay the same.

Barclays Libor court case on ice

2013-04-29 19:29

The first UK court case linked to a complaint against Absa's parent firm Barclays over the alleged rigging of Libor interest rates has been delayed until 2014.

Bank of England keeps rates at record low

2013-04-04 13:53

The Bank of England has left its main lending rate at a record-low level of 0.50% and refrained from pumping out more new cash to help stimulate the economy.

Rand tanks on rates announcement

2013-03-20 16:38

Reserve Bank governor Gill Marcus has made it clear that she would not be stepping in to stem a 9% depreciation in the rand this year.

Interest rates on hold at 5%

2013-03-20 12:18

The South African Reserve Bank has left its benchmark interest rate unchanged at 5.0%, citing inflation and currency concerns.

India's central bank cuts interest rate

2013-03-19 08:24

India's central bank has cut its main interest rate by 25 basis points - its second such reduction this year -- in an effort to jumpstart the slowing economy.

Rates on hold at 5%

2013-01-24 15:21

The South African Reserve Bank has left its benchmark repo rate unchanged at 5.0%, despite inflationary and other risks.

ECB holds rates at record low of 0.75%

2013-01-10 15:23

The European Central Bank has held interest rates at a record low of 0.75% as the eurozone economy started showing glimmers of hope.

No change in rates expected soon

2012-12-12 12:17

Economists see no upward pressure in inflation soon and therefore expect interest rates to stay at the current 5% for most of next year.

SA to enjoy lower rates for longer

2012-12-06 16:58

SA's economic growth is likely to remain subdued next year due to the effects of labour unrest, economists say, with most seeing no change in interest rates soon.

Interest rates on hold at 5%

2012-11-22 15:19

The SA Reserve Bank has kept the benchmark interest rate at 5% at its last policy meeting of the year, as inflation concerns offset those about weak growth.

Zimbabweans ignore high lending rates

2012-11-07 08:58

Zimbabweans have continued to borrow from banks despite paying punitive interest rates, an African Development Bank report shows.

Rates no weapon against unemployment

2012-11-01 16:32

Unemployment cannot be solved through monetary policy, but by correcting structural impediments in the economy, an SA Reserve Bank conference has heard.

Inflation blow to India rate cut hopes

2012-10-15 16:55

India's inflation has accelerated to a 10-month high, hitting 7.81% in September and lowering chances of an interest rate cut to jumpstart the ailing economy.

Interest rates unchanged

2012-09-20 15:21

The Reserve Bank is maintaining current interest rates, after a cut in July surprised consumers, analysts and markets.

Rate cut boosts ATM cash withdrawals

2012-08-07 13:58

ATM withdrawals have increased 4.1% year-on-year in July‚ to an average R435.54 per transaction‚ in part due to an interest rate cut, the Spark Cash Index shows.

Marcus puts lid on rate cut speculation

2012-07-27 11:25

Further monetary policy easing is not automatic‚ Reserve Bank governor Gill Marcus said on speculation of a renewed interest rate easing cycle.

Savers penalised for government’s sins

2012-07-22 12:03

Low interest rates are not the only way that debt-leaden governments across the globe can extricate themselves from their predicament.

Rate cut may hurt debt levels

2012-07-19 17:08

The SA Reserve Bank's interest rate cut may negatively affect debt levels, says First National Bank Home Loans strategist John Loos.

Reserve Bank cuts interest rates

2012-07-19 16:01

The SA Reserve Bank has cut the repo rate by 50 basis points to five percent, says Reserve Bank governor Gill Marcus.

Retail sales dim rate cut hopes

2012-07-18 14:30

Growth in SA's retail sales accelerated above expectations in May, denting any chance that the Reserve Bank will trim interest rates from current three-decade lows.

Japan fingered in rate-rigging scandal

2012-07-13 13:52

The EU probe into a "shocking" interest-rate rigging scandal in the world's biggest money market in London includes Japan, says the EU Competition Commissioner.

Marcus: SA has a lot going for it

2012-07-05 07:53

South Africa has great growth potential compared to most countries but people underestimate it, Reserve Bank governor Gill Marcus says.

SA factory gate prices steady

2012-06-28 12:29

South African producer inflation, which represents domestic output, was unchanged at 6.6% year-on-year in May compared to April, Statistics SA says.

 

The dark side of compound interest

2013-05-14 09:53

Two kinds of interest are common. If you don’t understand the difference you could fall into a deep, dark hole of indebtedness.

ECB holds rates at record low

2013-04-04 14:12

The European Central Bank has kept its interest rate at a record low of 0.75%, as it waits to see whether the economy stabilises or start of another downturn.

Analysts: No rate hikes soon

2013-03-20 19:48

The SA Reserve Bank's concern about growth and consumer growth in particular shows that interest rate hikes are just not possible, economists say.

Why interest rates are staying at 5%

2013-03-20 12:46

Reserve Bank Governor Gill Marcus has cited a few upside risks to inflation and the growth outlook that influenced the bank's decision on interest rates.

Rand flat, Sarb to keep rates on hold

2013-03-20 08:47

The rand is flat while bond yields ticked higher with market players expecting the Reserve Bank to keep interest rates at 40-year lows.

ECB warns of low interest rates

2013-02-18 18:38

The European Central Bank outlined the risks of keeping interest rates low for a long period, suggesting that it is unlikely to slash rates further.

Economic growth seen subdued in 2013

2013-01-17 14:36

SA's interest rates are likely to remain the same this year as the Reserve Bank looks to curb rising inflation amid subdued economic growth, a poll shows.

Still hope for an early rate cut

2013-01-03 14:20

The Reserve Bank has been the first emerging world policy maker to publicly pick up on fiscal cliff risks, which helped drive the July rate cut, says an analyst.

Expert: Marcus begins first real test

2012-11-23 07:59

Is Reserve Bank governor Gill Marcus a 60/40% or a 40/60% inflation vs growth targeter? The real test of this has now begun, says an expert.

October inflation quickens to 5.6%

2012-11-21 10:41

Headline consumer inflation has risen to 5.6% year-on-year in October, placing a lid on hopes for another interest rate cut.

Low interest rates jumpstart car sales

2012-11-02 11:12

New vehicle sales rose by 10.5% in October to 57 845 units, boosted by record low interest rates, the National Association of Automobile Manufacturers says.

Uganda cuts key lending rate

2012-11-01 16:03

Uganda’s central bank has cut its key lending rate for the sixth straight month to 12.5% from 13% previously.

SA should adjust policy stance - Marcus

2012-10-02 18:07

Reserve Bank governor Gill Marcus says the spillovers of the global economic slowdown on SA are profound and need to be addressed to improve confidence levels.

Petrol, food prices main inflation risks

2012-09-20 16:01

Reserve Bank governor Gill Marcus says inflation is the main reason for keeping interest rates at 5%, citing food and petrol prices as the major upside risks.

Governance expert new Barclays chair

2012-08-10 09:30

Barclays has picked corporate governance expert David Walker as its new chairperson in an effort to rebuild its reputation after a rate rigging scandal.

No evidence of rate-rigging in SA

2012-07-27 12:09

There is no evidence of local interest rate-rigging, says Reserve Bank chief Gill Marcus, suggesting SA banks will avoid the scandal plaguing their UK peers.

Another Barclays director quits

2012-07-25 15:21

The head of scandal-hit Barclays' remuneration committee, Alison Carnwath, has resigned from the board with immediate effect.

Rate cut surprises South Africans

2012-07-19 17:44

South Africans have been surprised and for the most part delighted by the Reserve Bank's decision to cut its interest rate for banks.

Marcus: Rate cut right thing to do

2012-07-19 16:21

South Africa's Reserve Bank unexpectedly cut its repo rate to a record low, citing a weak outlook for SA.

Bonds up, small chance of rate cut

2012-07-19 09:47

Bonds rallied and yields fell, still supported by strong offshore demand while some local market players were pricing in a slight possibility of an interest rate cut.

Repo rate seen steady at 5.5%

2012-07-16 08:58

The Reserve Bank is likely to keep interest rates at 30-year lows as economic growth remains below potentia,l while inflation is expected to stay on target.

Factory output blows past forecasts

2012-07-12 13:55

SA's factory output grew above expectations in May compared with last year, backing the case for interest rates to stay unchanged at next week’s policy meeting.

Rand weakness biggest inflation risk

2012-07-04 10:29

The Reserve Bank expects inflation to stay in its 3-6% target band to the end of 2014, with the main upside risk coming from falls in the rand.

ECB holds rates as outlook darkens

2012-06-06 14:33

The European Central Bank held its main interest rate at 1%, resisting international pressure to provide more support for the eurozone’s ailing economy.

 
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