Tag: Interest
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Bank of Canada council split on whether interest rates need to rise further
[ad_1] OTTAWA — Further interest rate hikes from the Bank of Canada are very much still on the table as its governing council remains split on whether rates may need to rise further. The central bank on Wednesday released its summary of deliberations detailing the discussions governing council members had in the lead-up to its…
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Interest Payments Are An Increasingly Large Part Of The US Budget Deficit
[ad_1] Source: Chartr We talked about this 2 weeks ago, but the nation missed a fantastic opportunity to refinance all of the outstanding US debt at much lower levels. Every corporate debt issuer and homeowner in America refinanced at lower rates — except for Uncle Sam. If you were in Congress from 2015-2021,…
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Eurozone unemployment rises as interest rates start to bite
[ad_1] Listen to article Unemployment in the eurozone has unexpectedly risen to 6.5 percent as the effects of higher interest rates are beginning to drag down the economy. According to figures published by the bloc’s statistics arm Eurostat on Friday (3 November), unemployment rose by 69,000 in September, compared to the previous month, to 11…
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What does the Bank of England’s latest interest rate pause mean for households?
[ad_1] For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails The decision to leave interest rates on pause may help to boost housing market confidence, but experts have warned that households could face another tough year ahead…
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Fed holds interest rates for second time in a row
[ad_1] Stay informed with free updates Simply sign up to the World myFT Digest — delivered directly to your inbox. Good morning. The US Federal Reserve held interest rates at a 22-year high for the second time in a row yesterday but kept open the possibility of further monetary tightening amid mounting evidence that the…
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Bank of Canada interest rate cuts unlikely until summer: CIBC
[ad_1] Article content Canadians anxious for lower interest rates, especially those looking to renegotiate their mortgages in the near future, will likely have to wait until the middle of next year for the Bank of Canada to start to cut, CIBC economist Benjamin Tal believes. “I think they will take their time before they cut…
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The Fed held interest rates steady while keeping an eye on inflation : NPR
[ad_1] The Fed kept interest rates steady on Wednesday for a second consecutive meeting but will continue to monitor the economy. Fed Chair Jerome Powell (pictured) had previously left the door open for another rate hike if required. Andrew Caballero-Reynolds/AFP via Getty Images hide caption toggle caption Andrew Caballero-Reynolds/AFP via Getty Images The Fed kept…
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At least 16 dead in Maine shooting as police hunt for ‘person of interest’ and residents shelter
[ad_1] A man opened fire at a bar and a bowling alley in Lewiston, Maine, on Wednesday, killing at least 16 people, wounding dozens of others and throwing the state’s second-largest city into chaos as hundreds of police searched for a person of interest and residents were ordered to shelter in place. A police intelligence…
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The Bank of Canada interest rate decision and what economists say
[ad_1] Breadcrumb Trail Links NewsEconomy Bank holds at 5%, its second consecutive pause Published Oct 25, 2023 • Last updated 6 hours ago • 5 minute read Tiff Macklem is the governor of the Bank of Canada. Photo by Azin Ghaffari/Postmedia Article content The Bank of Canada held its benchmark interest rate at five per cent…
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TDB to deposit 500 kg of gold in RBI for an annual interest of ₹6 crore
[ad_1] The Travancore Devaswom Board (TDB) will deposit 500 kg of gold in its possession in the Reserve Bank of India (RBI) for a five-year term. TDB president K. Ananthagopan said the Board will earn an annual interest of ₹6 crore. Devotees frequenting TDB-owned temples in the State offer much of the gold as ornaments.…