Tag: Interest
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Interest rates, inflation: Australian mortgage repayments break record RBA reveals
[ad_1] Households are spending a greater share of their income on mortgage repayments than ever before and borrowers can expect this figure to climb even higher, the Reserve Bank has warned. Speaking at a business conference in Sydney on Wednesday, RBA assistant governor Chris Kent, who heads the bank’s financial markets division, said on average,…
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How interest rates will drive Canada’s housing market in coming months
[ad_1] Breadcrumb Trail Links Real Estate News Mortgages Economy ‘The only thing that matters right now are interest rates’ Published Oct 08, 2023 • Last updated 10 hours ago • 3 minute read A ‘For Sale’ is sign is displayed in front of a house in the Riverdale area of Toronto. Photo by Evan Buhler/The Canadian…
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Growing wages may force Bank of Canada to raise interest rates again
[ad_1] Breadcrumb Trail Links News Economy Rising wages represent a complicating factor because central bankers believe they can be inflationary Published Oct 06, 2023 • Last updated 3 days ago • 5 minute read Bank of Canada governor Tiff Macklem. Wage growth has been of concern to the central maker’s policymakers as they attempt to rein…
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Oil on track for biggest weekly fall since March amid interest rate fears
[ad_1] The surge in bond yields that is sending government borrowing costs higher will only stop after a prolonged slump in stock markets, analysts at Barclays have warned. Bond markets have rebounded slightly from a rout that sent UK 30-year gilt yields to their highest level since 1998 this week. Stocks have struggled under the…
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BTC Gives up Gains as 10-Year Yield Spikes; Ether Futures ETFs Fizzle on Lukewarm Investor Interest
[ad_1] The crypto market, especially bitcoin, has seen a sizable rally recently, influenced by factors like the SEC’s ether futures ETFs approvals and other government decisions, QCP Capital wrote in a recent note, highlighting that bitcoin has gained 15% in the last two weeks. However, QCP has concerns regarding the rally’s sustainability, with shifts in…
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Starling Bank is boosting its current account interest rate to 3.25%
[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 Starling Bank will pay 3.25% interest on current account balances up to £5,000 from October 1. The move will mean that personal and joint account customers of…
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Uzbekistan shows interest in attracting foreign investments in agricultural sector
[ad_1] BAKU, Azerbaijan, September 26. Uzbekistan is interested in attracting $50 billion of foreign investment in the agricultural sector of the country, the Minister of Agriculture of Uzbekistan, Aziz Voitov said at the 2nd Turkic Agro Business Forum in Baku, Trend reports. The minister noted that the textile industry, gardening, animal husbandry, seed production and…
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Martin Lewis issues ‘urgent’ warning to savers over interest rates freeze
[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 Money-saving guru Martin Lewis has issued an urgent warning to savers to act now to protect their cash after the shock freeze in interest rates. The money-saving…
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Interest rates now at their peak, say economists
[ad_1] Thanks for joining us on a huge day as the Bank of England prepares to announce its next decision on interest rates. This morning, the latest data from the Office for National Statistics showed that public sector borrowing increased in August compared to the same time a year earlier. The Treasury borrowed £11.6bn last…
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Bank Of England Holds Key Interest Rate At 5.25% After 14 Hikes
[ad_1] The decision to not to hike borrowing costs for the first time since December 2021. London: The Bank of England on Thursday held interest rates at 5.25 percent following a shock slowdown to UK inflation and one day after the US Federal Reserve also pressed pause. The BoE decision to freeze borrowing costs at…
