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LATEST INTEREST RATE NEWS:

ECB interest rate cut likely at December meeting, Trichet calls on private banks to do more
BERLIN - The chances of another interest rate cut by the European Central Bank increased Friday after some of the bank's governors said borrowing costs may have to fall further to offset a worsening economic outlook and dropping inflation.

ECB directors fuel expectations of new interest rate cut
Top European Central Bank (ECB) directors on Thursday fueled expectations of another interest rate cut soon to counter a recession in the 15-nation eurozone.

Interest rate cuts are Xmas cheer for retailers
22 November 2008 Retailers are finding the lead-up to Christmas tough, but it may not be as dire as some expected. Retailers Association chief John Albertson is encouraged by the latest round of interest rate cuts by the main banks.

Swiss National Bank cuts interest rate to 1 pct
The Swiss National Bank has cut its key interest rate in half to 1 percent, its second reduction this month.

BOJ Holds Interest Rate At 0.3%
BOJ Holds Interest Rate At 0.3%

ECB Mersch: Large Interest Rate Cuts Could be Counterproductive
ECB Mersch says large interest rate cuts could be counterproductive, and says that price falls are possible for a few months, but does not see deflation and that the price declines are not a deflation signal.

Colombia Bank Keeps Interest Rate at 10% on Inflation (Update2)
Nov. 21 (Bloomberg) -- Colombia's central bank kept its benchmark rate unchanged today for a fourth month as concern about inflation outweighs pressure from some board members to reduce borrowing costs amid a global credit crunch.