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SUNDAY, NOVEMBER 8, 2009
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NEWS ABOUT: interest rate cut

interest rate cut stories: 73 news summaries

1 - 20 of 73 Stories | 1 2 3 4 Next >>

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 Fed Leaves Rate 
 at Record Low 

Says it wants to foster recovery

Nov 4, 09 1:43 PM CST
(AP) - The Federal Reserve today held a key interest rate at a record low and again pledged to keep it there for an "extended period" to foster the fragile economic recovery. The Fed says economic activity has "continued to pick up" and that the housing market also has grown... More »

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Ben Bernanke • Federal Reserve • interest rate • Fed funds rate • interest rate cut

(Newser) - The recession has crippled funding for legal aid even as it has bumped up the number of people requesting representation, McClatchy reports. Though the federal government ramped up spending this year—and plans an even bigger increase for 2010—state funding and private donations have cratered, forcing legal aid to... More »

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recession • unemployment • poverty • lawyer • civil lawsuits • interest rate cut • public defender • legal aid • federal funding

Europe Cuts Rates Less
Than Expected to 1.25%

Economists, markets had hoped for 50-point cut

Apr 2, 09 7:18 AM CDT
(Newser) - The European Central Bank cut interest rates today by 25 basis points, less than expected, to 1.25%. Economists had widely expected a cut double that size, reports the Financial Times, and financial markets soared on the news this morning. The ECB has been more hesitant to cut rates than... More »

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recession • European Central Bank • ECB • eurozone • interest rate cut • Jean-Claude Trichet

UK Drops Rates to 0.5%, Begins 'Printing Money'

Quantitative easing begins with $108B of new money

Mar 5, 09 6:18 AM CST
(Newser) - The Bank of England cut interest rates today by 50 basis points to an all-time low of 0.5% and began a far more drastic process: quantitative easing, or "printing money." The Times of London reports that the Bank received permission from the government this morning to spend... More »

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United Kingdom • central bank • Bank of England • Alistair Darling • interest rate cut • quantitative easing

UK Slashes Interest Rates
to All-Time Low of 1.5%

50-point cut less than business groups had hoped for

Jan 8, 09 7:10 AM CST
(Newser) - The venerable Bank of England cut interest rates today by 50 basis points, trimming them to 1.5%—their lowest since the bank's founding in the 17th century. Investors had expected the move, although business organizations had pressed for a 100-point cut. Yesterday, Britain's finance minister admitted that the recession... More »

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United Kingdom • Britain • Bank of England • Alistair Darling • interest rate cut

(Newser) - The Federal Reserve anticipates the recession will continue through 2009 despite its recent rate slash and other planned “nontraditional policies,” the Wall Street Journal reports. Minutes of the Fed's December 15-16 meeting, at which it cut rates to nearly zero, indicate a deep pessimism about the economy.... More »

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inflation • Federal Reserve • recession • deflation • interest rate • Federal Open Market Committee • interest rate cut • economic downturn

MARKET OPEN

 Stocks Begin 
 Holiday Week Mixed 

Fed cuts, auto loan offer boost

Dec 22, 08 9:17 AM CST
(Newser) - Stocks opened mixed today after China cut interest rates and Toyota predicted its first loss in 71 years, the Wall Street Journal reports. Toyota’s US shares dropped 3% after its bleak forecast, and General Motors (16%) and Ford (7%) both fell. The Dow ticked up after the bell but... More »

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China • Wall Street • Toyota • Dow Jones • markets • Standard and Poor • interest rate cut

Bank of Japan Follows Fed, Cuts Rates to Near Zero

It drops key interest
rate to 0.1%

Dec 19, 08 7:32 AM CST
(Newser) - The Bank of Japan cut interest rates from 0.3% to to 0.1%, within the historic zero- to quarter-percent range that the Fed chose earlier this week. Central bankers were responding to a deep recession as well as a soaring yen, which recently hit a 13-year high against the... More »

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Japan • Federal Reserve • recession • Bank of Japan • interest rate • interest rate cut

ANALYSIS

Fed Cut Won't Translate Into Much for Consumers ... Yet

Its plans to buy more debt may unfreeze market in '09, but consumer rates stuck for now

Dec 17, 08 9:53 AM CST
(Newser) - Consumers hoping for lower interest rates on credit cards, car loans, and mortgages after the Federal Reserve dropped a key interest rate to near 0% yesterday aren’t likely to get a break soon, reports MarketWatch. But loans could be easier to get once the Fed’s other actions—buying... More »

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student loans • credit card • mortgage rates • interest rate • interest rate cut • consumer credit • financial crisis

 Fed Cuts Rate to 0%-0.25% 

Target is record low as Reserve battles recession

Dec 16, 08 1:40 PM CST
(AP) - The Federal Reserve today cut its target for a key interest rate to the lowest level on record and pledged to use "all available tools" to combat a severe financial crisis and prolonged recession. The central bank says it reduced the federal funds rate, the interest that banks charge... More »

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Ben Bernanke • Federal Reserve • recession • interest rate • credit crisis • Fed funds rate • interest rate cut • financial crisis

Record Low Rates Leave Investors Cold

Cut is likely tomorrow, but Wall Street wants more varied approach

Dec 15, 08 9:14 AM CST
(Newser) - Tomorrow the Federal Reserve will probably cut its target interest rate to 0.5%, the lowest in decades. But, the Wall Street Journal reports, investors are unlikely to be cheered by a further slash, instead waiting to hear what further measures Fed chief Ben Bernanke is preparing now that interest... More »

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Ben Bernanke • Federal Reserve • interest rate • interest rate cut • financial crisis

UPDATED

Euro Central Banks Slash Interest Rates

Bank of England drops rate to 2%, ECB to 2.5%, Sweden to 2%

Dec 4, 08 7:21 AM CST
(Newser) - The Bank of England cut interest rates a full 1% today to 2%, the lowest level since 1939, and the European Central Bank followed with a cut of 75 basis points, to 2.5%, the largest cut in its 10-year history, MarketWatch reports. Those moves came on the heels of... More »

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global economy • European Central Bank • Bank of England • interest rate cut • financial crisis

Huge Rate Cut Aims to Restart Thai Economy

Central bank surprises analysts as country forms new government

Dec 3, 08 8:22 AM CST
(Newser) - The Bank of Thailand today cut interest rates by 100 basis points, more than any observers expected, as the besieged nation tries to restart its economy. As Bloomberg reports, the 6-month protest that ended with the ouster of PM Somchai Wongsawat sapped exports and aggravated the pain of the global... More »

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Thailand • interest rate cut • economy • Somchai Wongsawat • financial crisis

China Unveils Massive $586B Stimulus Bill

Beijing focuses on boosting infrastructure, social welfare

Nov 9, 08 10:56 AM CST
(AP) - China announced a $586 billion stimulus package today in its biggest move to stop the global financial crisis from hitting the world's fourth-largest economy. A statement on the government's website said China's Cabinet had approved a plan to invest the money in infrastructure and social welfare by the end of... More »

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China • government spending • Chinese economy • economic stimulus package • interest rate cut • financial crisis

'Race to Zero' Under Way
as Central Banks Cut Rates

With Fed at 1% and European, Asian banks trimming, no-interest loans not far off, perhaps

Nov 7, 08 12:25 PM CST
(Newser) - Interest rates around the world are falling, with no end in sight as central banks hack away at obstacles to lending and try to jump-start their economies, Bloomberg reports. With the US rate at 1%, the Bank of England yesterday cut its key figure to 3%, the lowest since 1955,... More »

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Ben Bernanke • Federal Reserve • European Central Bank • Bank of England • interest rate cut • financial crisis

MARKET Open

 Retail Fears Drive Stocks Down 

Same-store sales weak in October

Nov 6, 08 8:51 AM CST
(Newser) - Stocks took a modest slide at the open today, thanks to dismal data from retailers. The Dow fell 57 points, while the Nasdaq and S&P dropped 1.1% and 0.9% respectively, the Wall Street Journal reports. Most retailers, with the notable exception of Wal-Mart, posted bleak same-store... More »

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stock market • Cisco • European Central Bank • retail sales • Bank of England • same-store sales • interest rate cut • retailers

UPDATED

UK Hacks Rates by 1.5% as Markets Fall; EU Trims .5%

Grimmer-than-expected economic news pummels the global economy

Nov 6, 08 6:30 AM CST
(Newser) - The Bank of England—under massive pressure to stem the red ink drowning the continent's economy—slashed its key lending rate by an unprecedented 150 basis points today, reports Reuters. The move, which set the rate at 3%, dwarfed the 75-point cut market watchers had anticipated. Moments later the European... More »

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Barack Obama • European Central Bank • Bank of England • interest rate cut • financial crisis

 Think 1% Is Low? 
 He Could Go to Zero 

Analysts predict Japan-style cuts in interest rates

Oct 30, 08 9:45 AM CDT
(Newser) - Yesterday Ben Bernanke cut the federal funds rate to an ectomorphic 1%—but the Fed might not be done yet. More and more analysts are predicting that the central bank will have to cut rates all the way to zero if it wants to get the economy moving again. But... More »

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Ben Bernanke • Federal Reserve • interest rate • interest rate cut • monetary policy • financial crisis

 Fed Cuts Rate Half-Point to 1% 

1% is lowest mark since 2004 as Bernanke tries to combat slowdown

Oct 29, 08 1:29 PM CDT
(Newser) - The Federal Reserve surprised no one today, cutting interest rates by half a point, to 1%—as investors widely predicted he would, AP reports. “The pace of economic activity appears to have slowed markedly, owing importantly to a decline in consumer expenditures,” the Fed said in a statement,... More »

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Ben Bernanke • Federal Reserve • federal funds rate • interest rate cut • financial crisis

MARKET OPENING

 Market Dips as Eyes Turn to Fed 

But yesterday's gain hasn't evaporated yet

Oct 29, 08 8:55 AM CDT
(Newser) - Stocks took a modest dip at the open today, as investors waited for a rate cut decision from the Federal Reserve. The Dow fell 53 points, while the S&P and Nasdaq crept down 0.9% and 1.1% respectively. Investors are expecting a half-point rate cut, bringing the fed... More »

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stock market • Federal Reserve • Dow Jones • interest rate cut

1 - 20 of 73 Stories | 1 2 3 4 Next >>


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