DailyMarkets.com - Kenya Cuts Interest Rate 350 Bps To 13% As Inflation Falls

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• Kenya Cuts Interest Rate 350 Bps To 13% As Inflation Falls
• Student Loan Bubble: The Hidden Reality
• Canada Holds Rate, Repeats It May Have To Raise Rates
• Is Now The Time To Buy Australian Dollar?
• Poland Keeps Key Interest Rate Steady At 4.75%

Kenya Cuts Interest Rate 350 Bps To 13% As Inflation Falls Posted: 05 Sep 2012 07:01 AM PDT     The Central Bank of Kenya slashed its main interest rate by 350 basis points to 13.0 percent as inflation had returned to the government’s target band and the global slowdown would have a dampening effect on domestic growth.     Economists had expected the bank to cut rates after annual inflation in August fell to 6.1 percent – the lowest since July 2011 – from 7.7 percent in July. The bank said inflation was now within the upper band of 7.5 percent set by the government … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Student Loan Bubble: The Hidden Reality Posted: 05 Sep 2012 07:00 AM PDT America is increasingly aware that the student loan bubble is a major problem for millions of students, families, and our nation as a whole. While far too many politicians from both sides of the aisle talk in platitudes about the need for education, few if any of these politicians are willing to pull back the cover and expose the ugly reality embedded in current data on the student loan bubble. Yes, America knows that total student debt now exceeds all other forms of consumer debt. We also … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Canada Holds Rate, Repeats It May Have To Raise Rates Posted: 05 Sep 2012 06:38 AM PDT     The Bank of Canada (BOC) held its target for its overnight interest rate unchanged at 1.0 percent, as widely expected, and repeated that it may have to it tighten policy if economic expansion continues in order to keep inflation close to target.     “In Canada, while global headwinds continue to restrain economic activity, underlying momentum remains at a pace roughly in line with the economy’s production potential,” the BoC said in statement, adding that it expects … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Is Now The Time To Buy Australian Dollar? Posted: 05 Sep 2012 06:00 AM PDT The Australian Dollar has fallen sharply off of its $1.0610 peak seen through August, but does the 400+ pip decline offer a buying opportunity? The DailyFX Argument for Australian Dollar Short Positions: - Overnight economic data shows the Australian economy failed to accelerate, pointing to downside risks for the Australian Dollar itself. - Our weekly trading forecast shows Australian Dollar is at clear risk as futures positioning remains extremely one-sided - Australian Dollar may have … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Poland Keeps Key Interest Rate Steady At 4.75% Posted: 05 Sep 2012 05:24 AM PDT     The National Bank of Poland (NBP) held its interest rates unchanged, as expected by most economists.     The Polish central bank said in a brief statement that it had kept interest rates unchanged and would explain its decision at a press conference.     The bank’s reference rate was kept at 4.75 percent, the lombard rate at 6.25 percent, the deposit rate at 3.25 percent and the rediscount rate at 5.00 percent.     Economists had expected the bank to … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

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