The People's Bank of China last Saturday announced to lower benchmark interest rate for the second time, as well as to raise the ceiling that determines the maximum rate that bank can offer to 1.3 times the benchmark.
China's earlier-than-expected interest rate cut will reduce funding costs for enterprises and tackle looming disinflationary risk amid the continued economic slowdown.
Cutting interest rates could be less effective at boosting the local economy than it did in the past, Reserve Bank of Australia governor Glenn Stevens said on Friday.
Economists from Brazil's financial market foresaw that the country will register a zero GDP growth rate in 2015, according to a survey released Monday.
The Commonwealth Bank of Australia ( CBA) is the first of Australia's big four banks to pass on the central bank's interest rate cut to home loan customers.
The seasonally adjusted unemployment rate of Hong Kong stood at 3.3 percent in the October to December period of 2014, same as that in September to November, according to the latest statistics released on Monday by the Census and Statistics Department of the Hong Kong Special Administrative Region government.
Analysts may be divided over possible rate cuts in China's future, but they agree the country's monetary policy going forward will be cautious, with only minor adjustments being made.
The expected low economic growth combined with the dim world economy prospect are main concerns for Turkey in 2015, experts said on Saturday.
The number of Americans initially applying for unemployment aid fell to a six-week low and remained below 300,000 last week, U.S. Labor Department said Thursday.
Chinese mainland's A-share market extended its rally for the fifth day since last week's rate cut, reigniting flames of hope that a bull market is imminent.
China's asymmetric interest rate cuts are set to add difficulties to its commercial banks, which are already facing less profit, increased bad loans and pressures on asset quality, analysts warned.
The interest rate cut is set to become another major boon for the sluggish property market and, following the easing of mortgage rules on Sept. 30, will fuel demand, analysts said.
Russia's annual inflation will near 9 percent by year end, Russian Economy Minister Alexei Ulyukayev said Monday.
South Korea's central bank on Thursday put interest rates on hold at a record low to wait and see how the two rate cuts made in the second half of this year would affect the economy amid lingering expectations for additional monetary easing.
Australia's birth rate has continued to fall, reaching its lowest point since 2006, according to figures released on Friday by the Australian Bureau of Statistics (ABS).
New Zealand's main gauges of inflation, the consumers price index (CPI) rose by 0.3 percent in the third consecutive quarter ending September, which brought the annual CPI increase to 1 percent, the government statistics agency announced Thursday.
U.S. fixed mortgage rates fell to a year low as 10-year bond yields declined, said the Primary Mortgage Market Survey released Thursday by Freddie Mac.
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