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banks cut deposit rates as cpi declines
Bookmarked 679 weeks ago
http:wwwtuoitrenewsvncmlinktuoitrenewsbusinessbanks-cut-deposit-rates-as-cpi-declines-1100630wednesday saw many banks simultaneously slash deposit interest rates while the ho chi minh city statistics office announced a slight decrease in the city039s consumer price indexthe interest rate for deposits of a term between one and three months at vietcombank was lowered from the rate cap of 8 percent a year to 75 percent a yearthe country039s third-largest partly-private lender also dramatically cut the rate for deposits of a term of over 12 months dropping it from 105 percent to 95 percentacb meanwhile imposed a 02 percentage point cut on rates for one- to six-month terms while offering a 76 percent a year rate for 9-month term depositssome industry insiders however believe the unexpected interest rate cuts were a sign of banks embracing another order to slash rates by the state bank of vietnamthe banking system is likely to see another interest rate adjustment as the government has recently asked the central bank to continue lowering deposit interest rate in order to reduce lending rates the deposit interest rate was capped at 8 percent last year under the government039s bid to assist businesses with lower lending ratescpi declinesother insiders said the rate cuts came since banks have anticipated the development of the cpi in march which saw a slight decrease of 029 percent according to the statistics office the city039s cpi rose 115 percent in the first quarter of this yearsix out of 11 commodity baskets posted slight decreases the office saidthe deepest decrease -- 062 percent -- was recorded in the commodities and services basket followed by food and restaurant services 06 percent and culture-entertainment-tourism services 047 percentbeverages and cigarettes dropped by 035 percent while transport saw a 034 percent decline and garments and textiles-headwear-footwear 008 percentin the increase group housing-electricity-water-fuel prices and construction material prices respectively rose by 038 percent and 007 percenthowever local consumers said they have not seen any price cuts on the products on sale in citywide marketsquotprices of pork vegetables and other essentials remain almost unchangedquot said thanh xuan a market-goer from binh thanh districtmeanwhile economic expert ngo tri long said the lower cpi does not mean good news for the economyquotin fact it proves that the economy remains in crisis with poor consumption and manufacturers in troublequot he saidsee this:http:tylergrouphomeblogspotcomhttp:wwwgoodispoststhe-tyler-group-reviews-even-when-it-goes-wrong-barcelona-and-arsenal-still-feed-the-soul

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credence independent advisors: why interest rates wont rise anytime soon
Bookmarked 593 weeks ago
economists expect bank of englands quarterly health check of the uk economy to rubber stamp expectations that interest rates will remain low for longer

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long-term us mortgage rates have never been lower
Bookmarked 756 weeks ago
washington -- mortgage rates have skated near record lows for weeks but now it can finally be said: long-term rates in the united states have never been lower

mortgage applications surge on refinancing demand as rates drop
Bookmarked 750 weeks ago
applications for us home mortgages surged last week driven by increased refinancing demand as interest rates dropped an industry group said on wednesday

poverty rates rose in most us states cities: census
Bookmarked 753 weeks ago
the ranks of the poor rose in almost all us states and cities in 2010 despite the end of the longest and deepest economic downturn since the great depression the year before us census data released on thursday showed

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fed rates explained in a rube goldberg machine the new york times
Bookmarked 534 weeks ago
getting the economy to change in just the way you want is a very tricky balancing act even if you have the ability to create money from thin airgrab the embed code for this video at times video:http:nytims1jcbh5fproduced by: good look midnight commercial quoctrung bui amanda cox and alexandra garciaread the story here: http:nytims1ykstvqsubscribe to the times video newsletter for free and get a handpicked selection of the best videos from the new york times every week: http:bitlytimesvideonewsletter subscribe on youtube: http:bitlyu8ys7n watch more videos at: http:nytimescomvideo --------------------------------------------------------------- want more from the new york times twitter: https:twittercomnytvideo instagram: http:instagramcomnytvideo facebook: https:wwwfacebookcomnytvideo google: https:plusgooglecomnytimes whether it039s reporting on conflicts abroad and political divisions at home or covering the latest style trends and scientific developments new york times video journalists provide a revealing and unforgettable view of the world it039s all the news that039s fit to watch on youtubefed rates explained in a rube goldberg machine the new york times http:wwwyoutubecomuserthenewyorktimes

fed poised to increase downward pressure on longer-term rates
Bookmarked 758 weeks ago
mark felsenthal - the federal reserve facing rising global financial strains and recession fears is poised to increase downward pressure on longer-term interest rates next week in a bid to accelerate a sputtering us recovery

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