Posts Tagged ‘rate’

European Central Bank keeps low benchmark interest rate

Linda Young – AHN News Writer London, United Kingdom (AHN) – The European Central Bank chose to leave its key interest rate unchanged at 1 percent over concerns about the lingering sovereign debt crisis. ECB officials held their monthly meeting a day early because of the Easter holiday and chose not to roll back the [...]

European Central Bank leaves key interest rate unchanged

Linda Young – AHN News Writer London, United Kingdom (AHN) – European Central Bank (ECB) officials left the benchmark interest rate of 1 percent unchanged. The bank has not changed the rate since November. The ECB has provided European banks with hundreds of billions of dollars worth of loan-interest loans in an effort to keep [...]

Euro-zone private-sector loan growth slows in July

FRANKFURT (MarketWatch) — Lending to the private sector in the 17-nation euro zone grew at an annual rate of 2.4% in July, slowing from a 2.5% annual rate in June, the European Central Bank reported Friday. M3, a broad measure of money supply, grew at an annual rate of 2% in July, up from 1.9% [...]

Peer to Peer Loans

Personal Loan programs from the Lending Club offers an online financial community that brings together borrowers and lenders. Their mission is to create an alternative to banks that offers borrowers a great rate introducing borrowers to lenders via the internet. Peer-to-peer lending is not new, but the Lending club is one of the main innovators [...]

Thousands to get refunds after mortgage rate error

THOUSANDS of homeowners are to get compensation from banks after the wrong mortgage interest rates were applied to their loans. Banks have also been caught short-changing savers on interest rates after a probe by regulators. View full post on All Stories

China struggling to cool inflation

Linda Young – AHN News Writer Beijing, China (AHN) – Tightening measures by Beijing have helped to ease China’s inflation rate but not to contain it and officials warn that inflation now is spreading beyond food prices. China’s central bank has increased interest rates by a quarter-point every two months. That resulted in slowing down [...]

Thai government considers helping homebuyers with affordable loans

The Government Housing Bank in Thailand is considering offering 0% interest rate loans for the first two years, to allow people in middle and low income brackets to purchase property costing less than US$100,200. View full post on All Stories

Banks’ bad debt rate rises in Q1

SEOUL, May 1 (Yonhap) — South Korean banks’ bad debt rate climbed in the first quarter from three months earlier as more builders failed to repay loans, the financial regulator said Sunday. Non-performing loans at 18 local banks reached 25.9 trillion View full post on All Stories

Looking for a personal loan? A checklist!

By virtue of it being an unsecured loan, personal loans have a very high rate of interest attached to them. View full post on All Stories

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