European Central Bank hikes rates to highest level since 2000
The European Central Bank raised interest rates by a quarter of a percentage point Thursday, judging that inflation remains too high even as data points to a deepening economic downturn in the 20 countries that use the euro.
2023-07-27 20:18
The Fed hikes interest rates by a quarter point and hints at another increase this year
The Federal Reserve raised its benchmark lending rate by a quarter point Wednesday, lifting interest rates to their highest level in 22 years.
2023-07-27 02:29
Savers should be cheering higher interest rates. So why are they unhappy?
When central banks raise interest rates, mortgage borrowers can expect higher monthly repayments, while savers are supposed to be rewarded with bigger returns on their deposits. Or so the theory goes.
2023-07-06 15:47
Bank of England hikes rates for 13th time as inflation stays high
The Bank of England raised interest rates by half a percentage point Thursday, after data this week revealed surprisingly stubborn inflation.
2023-06-22 19:26
Turkey hikes interest rates to 15% as Erdogan reverses policy on fighting inflation
Turkey's central bank hiked interest rates to 15% from 8.5% Thursday in a dramatic reversal of its unorthodox policy of cutting the cost of borrowing to tame painfully high inflation.
2023-06-22 19:21
CBA to refinance home loans for borrowers not meeting industry standard
(Reuters) -Commonwealth Bank of Australia on Wednesday launched an alternate assessment rate allowing select borrowers to refinance their loans if
2023-06-21 14:45
European Central Bank hikes interest rates to highest level in 22 years
The European Central Bank raised interest rates by a quarter of a percentage point Thursday and signaled another hike to come next month, unmoved by evidence of a mild recession in the 20 countries that use the euro.
2023-06-15 23:24
New Zealand: Economy slips into recession after interest rate hikes
The country's central bank has aggressively raised interest rates since October 2021.
2023-06-15 11:49
Saudi Arabia PIF: What you need to know
It's behind some huge sporting investments - but quite a few people aren't very happy about it.
2023-06-09 00:24
Tunisian black women: ‘My skin colour says I don’t belong’
Black women in the North African country are looked down on and made to feel that they do not belong.
2023-06-07 11:53