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central [5] |||ark interest rate remained unchanged at 0.5 percent and the central bank?s gover

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World Business Briefing: Switzerland: Central Bank Raises Rate

Thu, 14 Jun 2007 23:39:11 EDT | New York Times

The Swiss National Bank raised its key interest rate by a quarter of a percentage point and raised its economic growth forecast for the year. Switzerland?s central bank said it decided at its quarterly policy-setting meeting to raise rates to 2.50 percent from the previous 2.25 percent. The increase, expected by analysts, was the ninth successive increase in recent years and puts the rate at its highest level since 2001. The move mirrors a decision last week by the European Central Bank, which raised its key interest rate from 3.75 percent to 4 percent. The Swiss central bank also raised its expectations for growth in gross domestic product this year to 2.5 percent from 2 percent.


Japan Central Bank Chief Hints That Rates Won?t Be Rising Soon

Fri, 15 Jun 2007 23:25:40 EDT | New York Times

The benchmark interest rate remained unchanged at 0.5 percent and the central bank?s governor hinted that a rate increase might come later than July.


Heavy rains flood central Texas; storms foil rooftop rescue attempts

Wed, 27 Jun 2007 20:24:00 -0400 | canoe CNEWS

MARBLE FALLS, Texas (AP) - Lashing storms dumped up to 45 centimetres of rain on parts of central Texas, flooding several towns and stranding dozens of people on rooftops, cars and in trees Wednesday.


World Business Briefing: Poland: Central Bank Raises Benchmark Interest Rate

Wed, 27 Jun 2007 22:54:23 EDT | New York Times

Poland?s central bank unexpectedly raised its benchmark interest rate, for a second time this year, on concern that wage growth will force companies to increase prices. The Monetary Policy Council, which is led by the central bank, lifted the seven-day reference rate a quarter-point, to 4.5 percent. ?It is possible that wage pressure will continue to grow, strengthening inflation pressure,? the council said after the meeting. It said inflation might temporarily slow in the third quarter, helped by the healthy financial standing of companies and growing competition among service providers and goods producers. The inflation rate, at 2.3 percent in May, is nearing the central bank?s mid-range target rate of 2.5 percent.


Police defuse suspected bomb in vehicle in central London

Fri, 29 Jun 2007 04:15:00 -0400 | canoe CNEWS

LONDON (AP) - Police defused a suspected bomb Friday in a vehicle parked near Picadilly Circus in central London.


Euro Central Bank holds key lending rate steady

Thu, 5 Jul 2007 08:42:00 -0400 | CANOE Money

FRANKFURT, Germany (AP) - The European Central Bank held its benchmark interest rate steady at four per cent Thursday as unemployment is dropping and inflation appears to be under control in the 13-country region that shares the euro.


European Central Bank Holds Rates Steady

Thu, 05 Jul 2007 12:24:54 GMT | New York Times

The European Central Bank held its benchmark interest rate as expected at 4.0 percent on Thursday, leaving markets awaiting guidance on the timing of the bank?s next move.


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