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Interest rate
SORA: How Singapore’s Benchmark Interest Rate Transition Affects You
In line with global interest rate reforms on interest rates, the two benchmark Singapore dollar (SGD) rates that many borrowers are familiar with - the Singapore dollar swap offer rate (SOR) and the Singapore Interbank Offered Rate (SIBOR)…
New Zealand Interest Rate Rise Increases Inflation Pressure on Central Banks | New Zealand
New Zealand's central bank raised interest rates for the second time in as many months to 0.75%, with many forecasters expecting borrowing costs to hit at least 2% by now next year and maybe more.In a warning signal for central banks around…
Opinion: How an interest rate hike in a tiny African country could derail Powell’s policy…
The Federal Reserve is entering the first phase of its very soft, very conditional and very cautious road to removing stimulus. Fed Chairman Jerome Powell, who has just been appointed for a second term as head of the US central bank,…
‘Everyone is on the alert’: Mortgage lenders fear interest rate hikes in UK | Mortgages
Tthe era of ultra-cheap mortgages is apparently coming to an end as lenders withdraw their cheapest offers for a base rate hike from the Bank of England. But for thousands of borrowers, it never started. More than a decade after the…
How Homeowners Can Keep Their Mortgage Interest Rates Low in a Rising Environment
Mortgage rates rose this week, crossing the 3% mark. But there are still steps homeowners can take to keep their rates low when refinancing. (iStock) Mortgage rates have jumped above the 3% mark this week, with the average rate…
Australian stocks rally, Wall Street collapses on rising interest rates and “inflation…
Australian stocks have recovered from their initial losses, although investors still bet cautiously that central banks may be forced to raise interest rates earlier than expected to contain a surge in inflation.The ASX 200 index was up 0.1%…
RBA warns homebuyers with higher rates on cards as economy recovers
On an average Victorian mortgage of $ 634,000, a 2.5% cash rate would increase repayments by $ 849 per month or $ 10,188 per year. At 3.5%, monthly repayments would be $ 1,241 higher, while over a year, they would cost almost $ 15,000…
FPCCI rejects SBP’s 9pc interest rate for SMEs
Pakistan Federation of Chambers of Commerce and Industry (FPCCI) President Mian Nasser Hyatt Maggo expressed dismay at the interest rate of up to 9% under the Asaan SME Finance Program (SAAF ) of the State Bank of Pakistan. However, he…
Kotak announces new home loan interest rate of 6.55%
MUMBAI, India, November 08, 2021 (GLOBE NEWSWIRE) - Kotak Mahindra Bank Ltd. (KMBL) today announced a new mortgage interest rate of 6.55% pa, valid from November 9 to December 10, 2021 (both days inclusive), as it continues to set the…
ANZ cuts variable mortgage rates as RBA interest rate hike looms
ANZ Bank has become the latest Australian lender to cut its variable base mortgage rate, which experts say predicts interest rates will hike sooner than expected.Today, ANZ has joined 25 other lenders in reducing its variable base rate…