Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.80

+0.9%

Nov 19 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: long-gone who wrote (66375)	3/21/2001 6:18:22 PM
From: lorne	Read Replies (3) of 116764

5 banks cut interest rates to 0.02% Yomiuri Shimbun Five major commercial banks--the Bank of Tokyo-Mitsubishi (BTM), Sumitomo Bank, Sakura Bank, Sanwa Bank and Tokai Bank--announced Wednesday they would cut their interest rates on ordinary saving accounts from the current 0.1 percent to a record low of 0.02 percent per annum. The interest rates will be effective Thursday for BTM, Sumitomo and Sakura, and on Monday for Sanwa and Tokai. The move follows the Bank of Japan's decision on Monday to adopt a quantitative monetary-easing policy to push short-term interest rates to virtually zero. With the lowering of the interest rates, the after-tax real interest rates will be only 0.016 percent per annum. BTM will also lower the "super time deposit" rates for one month, three months, six months and one year, by 0.04 percent to 0.06 percent. The five banks also said Wednesday they would cut their short-term prime interest rates by 0.125 percentage point to 1.375 percent per annum. Major commercial banks including the five banks reportedly will also consider lowering housing loan interest rates. yomiuri.co.jp

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next