Central Bank Balance Sheets and Policy Rates
adminThe main challenge facing monetary policy makers is the sudden and rapid rise in inflation. Starting in 2021, inflation has risen substantially in many advanced economies. For example, in the…
Suryoday Bank raises FD rates by 49 to 160 bps
Suryoday Small Finance Bank (SSFB) has increased interest rates on fixed deposits (FDs) of less than ₹2 crore with a term of one to five years by 49 to 160…
Lenders offer lucrative FD rates amid growing competition and new tax rules
Amid increasing competition for deposit growth, financial institutions are luring customers by offering attractive rates on select fixed deposit terms. This comes as time deposits regain popularity as a preferred…
Commonwealth Bank raises interest rates to match NAB, ANZ, Westpac
Commonwealth Bank has raised interest rates following four other big banks after the Reserve Bank's latest hike. CBA raised its variable home loan rates by 0.25 percent, in a move…
The European Central Bank raises interest rates again, but only by a quarter of a point
The European Central Bank had a clear message when it raised interest rates by a quarter of a percentage point on Thursday: it's not over yet.Even as the central bank,…
What High Mortgage Rates Did to The Housing Market
High mortgage rates chewed up and spit out homebuyers, loan officers, and the mortgage industry. With a bump of a few percentage points, buyers exited the market quickly, and the…
Interest Rates, Mortgage Rates: NAB, ANZ, Westpac increase interest rates by 0.25 percentage points
Three of the four major banks have increased their mortgage rates following the Reserve Bank's latest hit to interest rates.Westpac and ANZ announced on Thursday that they would increase variable…
NAB profit surges to $4.1 billion as interest rates soar to 3.85%
Skyrocketing interest rates have helped National Australia Bank post a whopping $4.1 billion in profit, a jump of 17 per cent compared to the same period last year.NAB was the…
The FOMC raises rates by 25 basis points
The Federal Open Market Committee announced today would increase the target range for the federal funds rate by 25 basis points to 5% to 5.25%. The decision marked the tenth…
The Fed Raised Rates: What Happened to the Gold Price?
After an impressive jump to nearly $2,030 an ounce at 1:20 p.m. EST, the price of gold pulled back on Wednesday (May 3) following the decision by the US Federal…