European Central Bank leaves key interest rate unchanged
Linda Young – AHN News Writer London, United Kingdom (AHN) – European Central Bank (ECB) officials left the benchmark interest rate of 1 percent unchanged. The bank has not changed the rate since November. The ECB has provided European banks with hundreds of billions of dollars worth of loan-interest loans in an effort to keep [...]
Central Bank uncovers numerous interest rate errors by banks
Some bank customers are to be refunded after not being paid the correct amount of interest on their deposits. View full post on All Stories
RBC lowers mortgage rate
Royal Bank of Canada has lowered the rate on its five-year closed fixed rate mortgage by 10 basis points to 5.59%.The banks had increased their posted rates as much as 35 basis points in April, in … View full post on All Stories
Banks tip June rate rise
Three of the big four banks predict the RBA will raise interest rates in June – contrary to money-market signals. View full post on All Stories
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Crisis Forces Belarus to Ease Exchange Rules
Belarus’ central bank raised its benchmark-refinancing rate for the third time this year and abolished restrictions on commercial banks’ currency sales to households to help steady the … View full post on All Stories
Interest rate war erupts as banks bid to boost funds
SEVEN deposit takers in the Irish market are offering interest of 3.5pc or more on one-year deposits, as banks scramble to get cash on to their books, a survey shows. View full post on All Stories
Investment banks expect BOK to hike key rate in May
SEOUL, May 9 (Yonhap) — Most global investment banks forecast South Korea’s central bank to raise its key interest rate this month in a bid to rein in rising consumer prices, a report showed Monday. According to the report by the Korea Center for View full post on All Stories
Banks’ bad debt rate rises in Q1
SEOUL, May 1 (Yonhap) — South Korean banks’ bad debt rate climbed in the first quarter from three months earlier as more builders failed to repay loans, the financial regulator said Sunday. Non-performing loans at 18 local banks reached 25.9 trillion View full post on All Stories
30-year fixed-rate mortgage ticks down to 4.78%
WASHINGTON (MarketWatch) — The average rate on the 30-year fixed-rate mortgage ticked lower to 4.78% in the week ending April 28, down from 4.8% in the prior week, according to a survey released Thursday by Freddie Mac, a buyer of residential mortgages. Last year, the rate was at 5.06%. To obtain the latest rate, payment [...]
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