Financial markets
In a move aimed at revitalizing the faltering call-money market, the Monetary Policy Department (MPD) of the Bangladesh Bank (BB) has cut the standing deposit facility (SDF) rate by 50 basis points to 8.0 per cent. The policy change, effective from July 16, 2025, aims to discourage the growing
Financial markets
Bangladesh Bank has introduced a gradual shift from its contractionary monetary policy stance by reducing the Standing Deposit Facility (SDF) rate, also known as the policy rate or reverse repo rate, by 50 basis points, from 8.50 percent to 8.00 percent, effective July 16. This decision aims to
Banks (Finance)
The Canadian inflation rate has seen a slight increase, rising to 1.9% in June compared to the 1.7% seen in May. This upward trend is attributed, in part, to the removal of consumer carbon pricing in April. Economist Abbey Xu notes that energy prices were slower to decline
Banks (Finance)
The Bank of England is bracing itself for potential revisions to the labour market data, which may reveal a more significant deterioration in the employment landscape than initially thought. Last month, the Office for National Statistics (ONS) reported a drop of 109,000 payrolled employees in May, with analysts predicting
Banks (Finance)
With the latest inflation figures set to be released on Wednesday, Tesco Bank has sounded the alarm on the impact of inaction on savings. The bank's survey found that 39% of Britons do not understand how inflation affects their savings, with nearly half of those aged between 20
Economic growth
The Philippine real estate industry is showing signs of recovery in 2025, driven by a resilient office space market, a bright industrial sector, and positive economic indicators. The country's GDP growth in the first quarter of the year stood at 5.4 percent, while inflation cooled to 2.
Economic growth
Bank Negara Malaysia took a proactive step to support the country's economic growth by cutting the Overnight Policy Rate (OPR) by 25 basis points to 2.75 per cent. This decision aims to preserve a steady growth path despite external uncertainties that could impact Malaysia's economy.
Banks (Finance)
In a surprise move, the Reserve Bank of Australia (RBA) has held its official interest rates steady at 3.85 per cent following a two-day meeting. The decision was met with a split result, with three members voting to cut rates, despite financial markets and economists fully pricing in a
Banks (Finance)
HDFC Bank, India's largest private lender, has announced a reduction in its loan rates, bringing relief to borrowers. The Marginal Cost of Funds Based Lending Rate (MCLR) has been cut by 30 basis points, resulting in a decrease of 0.30 percent in loan interest rates. This reduction
Banks (Finance)
The Standard Bank of South Africa Limited has successfully listed its SBSZ01 Senior Unsecured Floating Rate Note on the Johannesburg Stock Exchange (JSE) with effect from 8 July 2025. The listing is part of the company's Domestic Medium-Term Note Program, offering investors a unique opportunity to participate in
Banks (Finance)
The Johannesburg Stock Exchange (JSE) has welcomed the listing of The Standard Bank of South Africa Limited's (SBSA) Senior Unsecured Floating Rate Notes, SBS98, SBS99, and SBS100, on its Interest Rate Market. These notes, issued under SBSA's Domestic Medium-Term Note (DMTN) program, were listed on 8
Banks (Finance)
Despite the RBI's multiple repo rate cuts in 2025, senior citizens can still earn attractive interest rates on fixed deposits. Small finance banks like Suryoday and Utkarsh are offering the highest FD rates, while tax relief on interest income has made FDs even more attractive for retirees. Many
