East Africa’s largest economy in Kenya reduced the benchmark interest rate to 8.5 percent
Xinhua Nairobi on December 2 (Reporter Liu Ying), according to local media report on the 2nd, East Africa’s largest economy, the Central Bank of Kenya on 1nd, cut the benchmark interest rate from 9% to 8.5% in order to increase market liquidity and promote economic growth. On the same day the central bank will rise the bank rate of cash from 6% to 5%. Kenya central bank said in a statement that these initiatives will enhance the banking system’s cash flowing and for the economic recovery process in power.
The governor of South African central bank: the prospects for domestic inflation was improved
Johannesburg on December 1, the governor of Central Bank of the South African, Muboweini said the other day, with the South African inflation rate down from a high level, South Africa has improved the prospects for inflation. According to the South African Bureau’s statistics released as the latest data of South Africa in October this year, the inflation rate fell for the second consecutive month, decline than expected.
Inter-American Development Bank toward the Mexico Housing industry provide 2.8 billion U.S. dollars loan
MEXICO, Dec 1 (Reporter Miriam), local media reported on December 1, that Inter-American Development Bank recently announced that Mexico got the mortgage loans of 2.8 billion U.S. dollars to help the government protect the real estate market with sufficient credit funds so that the Housing industry avoid from the global financial crisis.
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