Interest Rates


  • Bank of England keeps rates steady Wednesday, 22 Oct 2014 | 4:57 AM ET

    LONDON— Bank of England policymakers remain split on raising interest rates, voting 7-2 at their last meeting to maintain a record low rate of 0.5 percent amid increasing pessimism about the global economy. Martin Weale and Ian McCafferty remained the only two voting for a hike and argued that the labor market is tightening. The decision comes days after the...

  • *BoE minutes eyed for UK interest rate clues. LONDON, Oct 22- The euro hit a one-week low against the dollar on Wednesday following a Reuters report that the European Central Bank was considering buying corporate bonds, highlighting the diverging policy outlooks for the euro zone and the United States. Fresh ECB easing could restore the interest rate gap between...

  • TOKYO, Oct 22- The euro flirted with one-week lows on Wednesday following a Reuters report that the European Central Bank is considering buying corporate bonds, while recovery in risk appetite underpinned the dollar against the yen. The prospect of fresh ECB easing could restore the interest rate gap between Europe and the United States, helping to underpin...

  • ECB bond buying rumor is 'a trojan horse'?     Tuesday, 21 Oct 2014 | 10:44 PM ET

    Ray Attrill, Co-Head of FX Strategy at National Australia Bank, explains why he's not convinced that the European Central Bank is mulling corporate bond purchases.

  • Has the junk bond bubble deflated? Tuesday, 21 Oct 2014 | 10:13 PM ET

    After this month's market gyrations sent high-yield bond prices sharply lower, some analysts believe the air has come out of the market.

  • BoE votes 7-2 to keep interest rates on hold     Tuesday, 21 Oct 2014 | 7:00 PM ET

    Members of the Bank of England's monetary policy committee (MPC) voted 7-2 for keeping rates unchanged at 0.5 percent, according to official minutes, CNBC's Helia Ebrahimi reports.

  • BEIJING, Oct 22- China's central bank is likely hold its line against an interest rate cut even as growth slows to a quarter-century trough, as the politics of reform influence the conduct of monetary policy, government sources involved in internal policy discussions say. The People's Bank of China faces growing pressure to cut interest rates to support growth,...

  • How Ben Bernanke's refi rejection could help you Tuesday, 21 Oct 2014 | 11:21 AM ET
    Former Chairman of the Federal Reserve Ben Bernanke.

    The former Fed chair being turned down for a home refinancing loan should serve as a call-to-action, HomeServices CEO Ronald Peltier tells CNBC.

  • Santelli: Rates continue to creep up     Tuesday, 21 Oct 2014 | 9:37 AM ET

    CNBC's Rick Santelli discusses the latest action in the bond market, and the U.S. dollar.

  • BRUSSELS, Oct 21- Alerts and a story on a source saying the European Commission was planning to fine three banks for rigging Swiss franc LIBOR interest rates is withdrawn after the Commission said only one of the banks was being fined in that case, while the other two were fined in a cartel case involving spreads on Swiss franc interest rate derivatives.

  • BRUSSELS, Oct 21- European Union antitrust regulators are set to fine JPMorgan, UBS and Credit Suisse collectively over $115 million for rigging Swiss franc LIBOR benchmark interest rates, a person familiar with the matter told Reuters. Royal Bank of Scotland alerted the European Commission to the wrongdoing and so would not be penalized for its own role in the...

  • Rates rise at weekly US Treasury auction Monday, 20 Oct 2014 | 5:31 PM ET

    WASHINGTON— Interest rates on short-term Treasury bills rose in Monday's auction with rates on six-month bills reaching their highest level since July. The Treasury Department auctioned $24 billion in three-month bills at a discount rate of 0.020 percent, up from 0.010 percent last week. For a $10,000 bill, the three-month price was $9,999.49, while a...

  • Santelli Exchange: QE consequences     Monday, 20 Oct 2014 | 10:44 AM ET

    CNBC's Rick Santelli speaks to Peter Schiff, Euro Pacific Capital, about volatility in equities and the Fed's plan to end QE. Schiff explains why believes the Fed is ready to launch another round of QE.

  • Santelli: US dollar mixed     Monday, 20 Oct 2014 | 9:42 AM ET

    CNBC's Rick Santelli discusses the latest action in the bond market, and the U.S. dollar.

  • Correction possible, but QE end needed: Fed Fisher Monday, 20 Oct 2014 | 9:11 AM ET
    Richard Fisher, president and chief executive officer of the Federal Reserve Bank of Dallas.

    Dallas Fed President Fisher said stock market volatility has not changed his outlook for ending the central bank's bond-buying program "one iota."

  • SEOUL, Oct 20- For a country trying to avoid the menace of deflation, South Korea is receiving timely help from unusual quarters- the country's landlord and their tenants. Nomura estimates that there was some $400 billion tied up in jeonse deposits in 2012, equal to one-third of South Korea's annual economic output. "The sharp drop in interest rates is the most...

  • Here's what's been happening in markets this month Saturday, 18 Oct 2014 | 9:02 AM ET

    What a difference a month makes. On Sept. 18, the U.S. stock market reached a record high after a mostly uneventful summer. Long-term interest rates headed higher, a sign that investors expected steady U.S. growth.

  • Market turmoil: A gift for mortgage refinancers? Saturday, 18 Oct 2014 | 9:01 AM ET

    A sudden plunge in mortgage rates this week raised an urgent question for millions of Americans:. Rates on long-term mortgages tend to track the 10- year Treasury yield, which fell below 2 percent for the first time since May 2013. Accordingly, the average rate for a 30- year fixed mortgage, mortgage giant Freddie Mac reported, dipped below 4 percent to 3.97 percent—...

  • CNBC's Tyler Mathisen looks back at the week's top business and financial stories. Stocks were all over the place and oil briefly dropped below $80/barrel. And Netflix takes a big hit.

  • Oct 17- Cliffs Natural Resources Inc said it would write down the value of its coal and iron ore assets by $6 billion due to weak prices, putting it in breach of debt covenants and sending its shares down as much as 6.8 percent. We believe this will result in higher interest rate on revolver borrowings going forward, " FBR Capital Markets analysts wrote in a note.