Economic growth
Economic growth in South Africa slowed to a 0.8% increase in the second quarter, sparking concerns about the consumer market. Despite this growth, economists warn that the environment for consumers remains subdued due to high interest rates, low economic growth, and rising inflation. The unemployment rate stands at 33%
Banks (Finance)
The Bank of England is expected to hold interest rates at 4% next week, with inflation remaining steady at 3.8% in the year to August. Economists and traders anticipate no change in borrowing costs on Thursday, with the monetary policy committee (MPC) taking a cautious approach to further monetary
Interest rates
As the Federal Reserve prepares to cut interest rates for the first time this year, the average rate on a 30-year U.S. mortgage has fallen to its lowest level in nearly a year, reflecting a pullback in Treasury yields. The long-term rate eased to 6.35% from 6.5%
Banks (Finance)
The choice of cash savings products reached a new record high in September, with 2,289 savings deals, including cash Isas, available to consumers, according to analysis by Moneyfacts. This marks the highest total since 2007, when the company's records began. Despite the increase, however, only around a
Banks (Finance)
Sri Lanka's automotive industry has taken a significant leap forward with the partnership between Sampath Bank PLC and Sathosa Motors PLC. The Memorandum of Understanding (MoU) signed at the Bank's Head Office marks a major milestone in providing tailored financial solutions to vehicle buyers. Under this
Banks (Finance)
President Trump's efforts to politicize the Federal Reserve Board and influence interest rates have sparked concerns about the future of monetary policy in the United States. Trump's intentions are clear: he wants to use the Fed to boost the housing market and other interest rate-sensitive parts
Economic growth
Amid global economic shifts and mounting domestic challenges, Thailand's banking industry is entering a period of declining interest rates, which is set to squeeze its core revenue streams. The sector's net interest margin is expected to decline, while slower economic growth heightens the risk of loan
Inflation (Economics)
The South African Reserve Bank (Sarb) is expected to keep the repo rate unchanged at 7% when the Monetary Policy Committee (MPC) meets on 18 September, following a series of interest rate cuts earlier this year. Economists and market watchers anticipate a steady rate, while acknowledging that there is still
Economic growth
Amid the ongoing Ukraine conflict, Russia's economy has been experiencing a significant slowdown. Despite achieving strong growth rates of 4.1% and 4.3% in 2023 and 2024, respectively, the economic growth forecast for 2025 has been sharply lowered from 2.5% to 1.5% due to high
Economic growth
The Development Bank of Southern Africa (DBSA) has reported a record profit of R5.3 billion for the year ended March 31, 2025, driven by a 8.6% increase in net interest income to R8.4 billion and a 12.3% rise in operating income to R8.8 billion. Despite
Economic growth
As the Consumer Price Index (CPI) dropped significantly to just 3% in August 2025, UBG Patron-in-Chief SM Tanveer has called for a reduction in interest rate to 6%. Tanveer emphasized that with inflation under control, maintaining the current policy rate of 11% is no longer justified, as it is choking
Economic growth
In the face of moderating economic growth and inflation approaching target levels, the Bank of Canada is expected to continue reducing interest rates. This shift has significant implications for Canadian businesses with manageable debt loads, as lower rates can serve as a potent catalyst for growth and profitability. Companies with
