Chairpersons
As the global economy teeters on the edge of uncertainty, U.S. Federal Reserve Chairman Jerome Powell signaled on Friday that the possibility of an early interest rate cut is on the table. Speaking at the central bank's annual symposium in Jackson Hole, Wyoming, Powell emphasized that the
Economic growth
Accelerating UK inflation has left a significant gap with Eurozone price growth, underscoring the challenging economic environment facing the Bank of England. The latest data from the Office for National Statistics shows that UK consumer prices rose by 3.8 per cent in the year to July, outpacing the Eurozone&
Economic growth
Inflation and interest rates will be the focal points this week as the Bank of Canada releases its second-last inflation data before the September interest-rate decision. The central bank is expected to hold interest rates unchanged, but investors will be keenly watching core inflation, which has been above 3 per
Economic growth
The UK's inflation rate has picked up in recent months, with official figures likely to show a further uptick in year-on-year consumer price growth to 3.7 per cent in July, compared with 3.6 per cent in June. This surge has raised concerns among central bankers, with
Banks (Finance)
HDFC Bank, India's largest private bank, offers car loans starting at 9.40 percent interest per annum. The exact interest rate depends on the borrower's CIBIL score and the total loan amount. Prospective car buyers can save on interest by improving their credit score before applying
Banks (Finance)
The country's largest bank, State Bank of India (SBI), has hiked home loan interest rates by 25 basis points (bps), taking the upper limit to 8.70%. This move comes ahead of the RBI's Monetary Policy meeting, where the repo rate remained unchanged at 5.55%
Stock prices
European equities traded higher on Wednesday, driven by hopes of a US interest rate cut and lower inflation. The FTSE 100 index edged up 0.1%, while the CAC 40 in Paris and the DAX 40 in Frankfurt rose 0.4% and 0.8%, respectively. The rally followed an inflation
Banks (Finance)
The Reserve Bank of Australia (RBA) has delivered its third interest rate cut of 2025, with a 0.25 percentage point reduction at its August board meeting, taking the cash rate to 3.6 per cent for the first time since April 2023. This decision had been widely anticipated by
Banks (Finance)
The Reserve Bank of Australia has lowered the cash rate to 3.6%, delivering relief to borrowers in the form of reduced interest payments. This move is anticipated to benefit homeowners with mortgages, with Canstar estimating that a $500,000 mortgage will see monthly interest payments decrease by a further
Banks (Finance)
Borrowers with variable home loans will see their repayments fall by a further $111 a month, once their lender passes on the reduction, after the Reserve Bank announced its third interest rate cut of the year. The cut, which was followed by 20 banks announcing they would reduce their rates
Financial markets
Australians are expending more but consuming less than in 2022, highlighting the intense pressure of living costs on households before the Reserve Bank of Australia's interest rate decision on Tuesday. Economists and financial markets uniformly expect the RBA board to drop the official cash rate from 3.85%
Interest rates
Mortgage interest rates have been a significant concern for homebuyers in recent years. Various lenders have offered competitive rates to attract customers, but understanding the details of these rates is crucial for making informed decisions. This analysis provides an in-depth look at the mortgage rates offered by various lenders, including
