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Australian central bank cuts rates; lenders follow - International Herald Tribune
SYDNEY : The top banks in Australia lowered variable mortgage rates Tuesday in response to the Australian central bank's decision to cut rates for the first time in seven years, in what analysts said was a surprisingly quick move. As widely expected ...

Banks earn $225k a day by keeping card rates high - News.com.au
Banks have not cut credit card interest rates They earn $225k every day the cut isn't passed on Some card rates as high as 20 per cent THE big banks are earning nearly $225,000 a day by refusing to deliver the Reserve Bank's interest rate cut to ...

Reserve Bank cuts interest rates by 25 basis points - News.com.au
THE first interest rate cut in almost seven years is welcome, but doesn't go far enough, industry and national leaders said today. Today's RBA rate cut was immediately followed by a pledge from the big four banks that the full discount would be ...

Calendar of major business events Thursday - CNBC
WASHINGTON — Labor Department releases worker productivity for second quarter, 8:30 a.m. WASHINGTON — Labor Department releases weekly jobless claims, 8:30 a.m. NEW YORK — The Institute for Supply Management releases its non-manufacturing index ...

BoE resists cut calls and holds rates at 5% - This is Money
The MPC had a major headache in making its decision as it struggles to bring inflation under control. There has been pressure to cut interest rates to kick-start the economy but, with inflation well above the 2% target at 4.4% and set to rise further ...

Big banks make hay from rate cut delay - The Australian
THE big banks are earning nearly $225,000 a day by refusing to deliver the Reserve Bank's interest rate cut to thousands of credit card customers. The major banks have not reduced credit card rates, despite the rush to slash home loan and mortgage ...

Housing gloom deepens as prices plunge 12.7% - Times Online
House prices fell by 12.7 per cent in the year to August, it emerged today, declining at the fastest rate since 1983. Today's figure is above the 10.5 per cent annual fall recorded by Nationwide last month. Halifax said today that house prices in the ...

See today's average credit card rates across the country. - MSNBC
WASHINGTON - Federal regulators on Wednesday accused two former Wall Street brokers of defrauding their customers by making more than $1 billion in unauthorized purchases of securities tied to subprime mortgages. The Securities and Exchange ...

London loses gains as banks weigh - Financial Times
London equities fell back in afternoon trade after the Bank of England left interest rates on hold, meeting market expectations but rekindling worry about of some of the immediate problems faced by high street lenders. The Bank’s decision to keep ...

OECD Advises Central Banks to Leave Rates Unchanged (Update2) - Bloomberg
Sept. 2 (Bloomberg) -- The world's leading central banks should keep interest rates at their current levels as they try to balance strong inflation with weak expansion, the Organization for Economic Cooperation and Development said. The U.S. Federal ...



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