ECB rate cut hopes push Euribor to 2-yr lows
Reuters
(Adds shorter-term rates, background) FRANKFURT, May 30 (Reuters) - Key euro zone bank-to-bank lending rates fell to two-year lows on Wednesday, pushed down by a growing belief the ECB will have to cut interest rates to help shore up a banking system ...
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ECB Says Baltic States' Euro Adoption Challenged by Inflation
BusinessWeek
"Maintaining low inflation rates at all times in Latvia will be challenging in the medium term, given monetary policy's limited room for maneuver under the fixed exchange-rate regime," the Frankfurt-based central bank said today in its 2012 Convergence ...
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Brazil readies 7th straight interest rate cut
Reuters
* Central bank set to cut benchmark rate to 8.50 pct * External risks, sluggish economy pave way for cut * More interest rate cuts possible as inflation eases By Alonso Soto BRASILIA, May 30 (Reuters) - Brazil's central bank will likely slash its ...
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Lower Brazil Interest Rates Could Hurt Government-Run Banks
Wall Street Journal
By Matthew Cowley Of DOW JONES NEWSWIRES SAO PAULO (Dow Jones)--Brazil's government is determined to bring down borrowing rates, but analysts say that could end up as a problem on balance sheets of government-run banks. Interest rates charged by banks ...
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Vietnam Central Bank Quotes Dollar At VND20,828; Unchanged From Tuesday
Wall Street Journal
HANOI (Dow Jones)--The State Bank of Vietnam Wednesday set the exchange rate for the US dollar at VND20,828, unchanged from Tuesday. The rate offered by major commercial banks led by Vietcombank and the gold shop rate are both slightly up.
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MONEY MARKETS-US sells bills at low rates, Spanish bank CDS falls
Reuters
US sells 3-, 6-month bills at historically low rates * Spanish bank default insurance costs ease * Investors worry Spanish bank rescue to push up borrowing costs By Chris Reese and Ana Nicolaci da Costa NEW YORK/LONDON, May 29 (Reuters) - The US ...
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Hungary Yields Rise to Week High Before Auction on Rates Outlook
BusinessWeek
By Andras Gergely on May 30, 2012 Hungarian bond yields rose to the highest in a week on speculation the central bank will refrain from cutting the European Union's highest benchmark rate because of a delay in the government's talks on a bailout.
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RBC Hires New Head of US Dollar Rates Trading From UBS
Wall Street Journal (blog)
By Matt Phillips RBC Capital Markets, the investment-banking unit of Royal Bank of Canada, named Pieter Van Vredenburch as the head of US dollar rates trading. An internal memo announcing the appointment is set to be circulated internally by the ...
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