Bank of England policy maker Spencer Dale joined Andrew Sentance and Martin Weale in voting for an interest-rate increase this month as a growing number of officials said the case for tightening policy had “grown in strength.”

“For three members, the case for removing some monetary stimulus at this meeting was compelling,” according to minutes of the Feb. 10

Bank of England Governor Mervyn King said the current bout of inflation is temporary and price growth will slow next year, as he defended the bank’s decision to keep up stimulus during a “choppy” recovery.

India's central bank has raised interest rates again in an attempt to curb inflation.The seventh rise in a year took the rate at which the central bank loans to commercial banks from 6.25% to 6.5%, the highest since early 2008.

OTTAWA –The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.

The global economic recovery is proceeding at a somewhat faster pace than the Bank had anticipated, although risks remain elevated. Private domestic demand

Korean interest rate swaps climbed to near one-year highs and bond futures fell after the central bank surprised markets by increasing rates by a quarter point to curb inflation.

The Bank of Korea lifted the 7-day repurchase agreement rate by 25 basis points to 2.75 percent, after holding rates steady in December. A Reuters survey of economists had forecast rates w

Spanish banks have more than 30 billion euros ($39 billion) in debt coming due in the next four months. That’s spurring investor doubt on their future profitability as higher financing costs eat into margins.