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Tag: interest rates
UK interest rates kept on hold again
2014-11-06 13:49:27| BBC News | Business | UK Edition
Bank of England keeps interest rates at 0.5%, where they have been held since March 2009.
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ECB keeps interest rates unchanged
2014-11-06 13:46:31| BBC News | Business | UK Edition
The European Central Bank keeps its benchmark interest rate unchanged at the record low of 0.05%.
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unchanged
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Russia raises interest rates to 9.5%
2014-10-31 12:32:56| BBC News | Business | UK Edition
Russia's central bank raises interest rates to 9.5% from 8%, a much bigger rise than expected, as it seeks to combat inflation.
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Sweden cuts interest rates to zero
2014-10-28 14:37:13| BBC News | Business | UK Edition
The Swedish central bank cuts its main interest rate to zero in an attempt to combat deflation.
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Swedbank Cuts Jobs as Low Interest Rates Hurt Profit Outlook
2014-10-21 15:56:34| Appliances - Topix.net
Swedbank AB, Sweden's biggest mortgage lender and the largest bank in the Baltics, will cut as much as 5.5 percent of its staff to try to adjust to the low rate environment created by unprecedented central bank easing. The bank will cut 600 to 800 jobs in the coming two years, mainly through attrition, and aims to lower costs "towards 16 billion kronor" in 2016 from 16.6 billion kronor in 2013, the Stockholm-based lender said in a statement today.
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