Interest rates
South Africans have seen a cumulative interest rate reduction of 125 basis points since August 2024, easing financial pressure slightly. However, leading debt experts warn that the decrease from 11.75% to 10.5% has barely made a dent in households' severe financial strain. Neil Roets, CEO of Debt
Banks (Finance)
RadCred, an AI-powered loan matching platform, has launched in response to the Federal Reserve's recent decision to cut its benchmark rate by 25 basis points to 4-4.25%. This move aims to provide borrowers with quick, personalized access to flexible personal loans, addressing the urgent need for cost-saving
Economic growth
The US Federal Reserve, led by Chairman Jerome Powell, has announced a 25 basis points rate cut after the Federal Open Market Committee (FOMC) meeting. This decision comes amidst growing economic uncertainty, with recent indicators suggesting that economic growth moderated in the first half of the year. The FOMC statement
Banks (Finance)
The Bank of England's Monetary Policy Committee (MPC) maintained interest rates at 4% for the second consecutive month, as policymakers expressed caution regarding the UK's inflation trajectory. Governor Andrew Bailey warned that while inflation was expected to return to the 2% target, the UK was "
Banks (Finance)
The Federal Reserve's interest rate cut is the first this year, but it might not have a significant impact on mortgage rates or car loans. The rate cut sets the federal funds rate, influencing banks to charge customers lower interest rates. However, this doesn't directly change
Economic growth
The US Federal Reserve has made a crucial decision, cutting interest rates by a quarter of a percentage point, bringing the benchmark rate to 4.00% to 4.25%. This move comes in response to a slow labour market and rising inflationary pressures. The central bank has emphasized that it
Economic growth
The Bank of Canada has announced a 25-basis-point cut to its benchmark overnight rate, citing slowing global economic growth and uncertainty sparked by US tariffs. The key overnight lending rate now stands at 2.5%, a level not seen since June 2022. The central bank attributes the global economic slowdown
Banks (Finance)
The Federal Reserve cut its benchmark interest rate for the first time in nine months, lowering the federal funds rate to about 4.1% from 4.3%. This move is expected to affect the cost of credit, including credit cards, auto loans, and mortgages. The Fed's dual mandate
Banks (Finance)
Canada's consumer price index (CPI) rose 1.9 per cent year-over-year in August, according to the latest data from Statistics Canada. This increase is attributed to higher prices for meat and clothing. The CPI had increased 1.7 per cent in July. The Bank of Canada notes that
Economic growth
Brazil's long-term interest rates remain stubbornly high, hovering above 7% in real terms, despite the dollar's weakening and strong demand for the real. These elevated rates are a reflection of the ongoing uncertainty surrounding the country's public finances, which are further complicated by a
Economic growth
The Indian government's recent reforms to the Goods and Services Tax (GST) regime aim to simplify the tax structure, reduce litigation, and enhance the ease of doing business. The reforms, which come into effect from September 22, 2025, reduce the number of tax slabs from four to three,
Banks (Finance)
Rate cuts are expected to impact the global economy, with the Bank of Canada and the Federal Reserve making interest rate decisions on the same day this week. The decision will be influenced by the recent data on inflation, which is expected to remain sticky at 3.1 per cent,
