interest rates News

Australian Housing Market Soars to Record Highs Amid Rate Cuts and Economic Optimism

Australian property prices have hit record highs, with a 3.4% increase in the national median dwelling value. Perth and Adelaide lead regional growth, while Sydney remains the most...

Fed's Schmid Warns: Rising Inflation Expectations Could Challenge Economic Stability

Federal Reserve Bank of Kansas City President Jeff Schmid warns of the dangers of rising inflation expectations and the challenges of maintaining economic stability amidst calls fo...

Fed's Schmid Warns: Rising Inflation Expectations Could Challenge Economic Stability

Federal Reserve Bank of Kansas City President Jeff Schmid warns of the risks posed by rising inflation expectations, emphasizing the difficulty in containing inflation once it's em...

Kansas City Fed President Schmid Warns of Rising Inflation Expectations Amid Economic Strength

Kansas City Fed President Jeff Schmid warns of the dangers of rising inflation expectations, emphasizing the difficulty in containing inflation once it's embedded in expectations. ...

Fed's Kashkari Warns of Economic Downturn Risks Despite Temporary Tariff Relief

Minneapolis Federal Reserve President Neel Kashkari warns of potential economic downturn due to uncertainty, despite a 90-day tariff pause. Market instability and labor market conc...

Unanimous Decision by FOMC: Key Interest Rates Held Steady in January Meeting

The FOMC's January meeting minutes show a unanimous decision to keep the key interest rate unchanged, highlighting a cautious stance on monetary policy amid current economic condit...

Surge in US Mortgage Applications: A 20% Weekly Jump Sparks Market Optimism

The US mortgage applications surged by 20% in the week ending April 5, with significant increases in Market, Purchase, and Refinance Indexes, alongside a slight dip in 30-year fixe...

Surge in US Mortgage Applications: A 20% Weekly Jump Signals Market Shift

Mortgage applications in the U.S. jumped by 20% in the week ending April 5, with significant increases in the Market, Purchase, and Refinance Indexes, alongside a slight dip in int...

BoJ Signals Further Rate Hikes Amid Japan's Steady Economic Recovery, Governor Ueda Reveals

Bank of Japan Governor Kazuo Ueda indicates potential further rate hikes as Japan's economy shows signs of moderate recovery, with inflation gradually rising alongside wage increas...

Japan's Economy on the Rise: BoJ Signals Further Rate Hikes Amid Steady Recovery

Bank of Japan Governor Kazuo Ueda highlights a moderate economic recovery, with plans to raise interest rates if trends continue. Inflation is below 2% but rising alongside wages, ...

Japan's Economy on the Rise: BoJ Signals Further Rate Hikes Amid Recovery

Bank of Japan Governor Kazuo Ueda highlights a moderate economic recovery, signaling potential rate hikes if trends continue. Inflation is gradually rising, with wage increases sup...

Bank of Baroda Slashes FD Rates: New Scheme Offers Lower Returns for Investors

Bank of Baroda has replaced its BOB Utsav fixed deposit scheme with a new BOB Square Drive Deposit Scheme, offering lower interest rates. The 444-day scheme provides 7.15% for the ...

Economists Predict RBI to Slash Interest Rates by 25bps Amid Global Trade Uncertainties

Economists expect the RBI to cut interest rates by 25bps in its next meeting, citing controlled inflation and easing growth, despite global trade uncertainties. A shift to an accom...

Experts Predict RBI to Slash Interest Rates by 25 Basis Points Amid Global Economic Challenges

The RBI is expected to cut interest rates by 25 basis points to stimulate growth amid global economic challenges, including new US tariffs. Experts discuss the potential impacts on...

US Mortgage Applications Dip Slightly Amid Fluctuating Interest Rates and Housing Market Optimism

Mortgage applications in the US declined by 1.6% last week, with a slight drop in interest rates to 6.7%. Purchase activity is up, but refinancing has decreased, reflecting a mixed...

US Mortgage Applications Dip Slightly Amidst Fluctuating Interest Rates and Housing Market Optimism

Mortgage applications in the U.S. fell by 1.6% last week, with the 30-year fixed-rate mortgage interest rate slightly decreasing to 6.7%. The purchase index rose by 2%, while the r...

US Mortgage Applications Dip Slightly by 1.6% Amid Fluctuating Interest Rates

US mortgage applications saw a 1.6% decline last week, with a slight drop in 30-year fixed-rate mortgage interest rates to 6.7%. Purchase activity is up, but refinancing has decrea...

Interest Rates on Small Savings Schemes Remain Unchanged for Fifth Consecutive Quarter

The Finance Ministry keeps interest rates on small savings schemes unchanged for the fifth quarter in a row, with PPF and NSC rates remaining steady. Sukanya Samriddhi scheme offer...

Wall Street Dips as Steady PCE Inflation Sparks Rate Cut Doubts

Wall Street opened lower as the February PCE price index remained steady at 2.5%, with core inflation rising to 2.8%, casting doubt on near-term interest rate cuts. Key stocks incl...

ECB's Wunsch Warns: US Tariffs Could Disrupt Global Interest Rate Strategies

ECB's Pierre Wunsch discusses how US tariffs could complicate interest rate paths, highlighting risks to growth and inflation. Trump's new tariffs on non-US made cars add to existi...

Norges Bank Maintains Steady Hand: Key Rate Unchanged at 4.5%, Eyes Future Cuts in 2025

Norges Bank keeps its key policy rate unchanged at 4.5% to combat high inflation, with potential cuts eyed for late 2025. Governor Bache warns against premature rate reductions tha...

US Mortgage Applications Dip 2% Amid Fluctuating Interest Rates and Housing Market Shifts

Mortgage applications in the U.S. fell by 2% last week, with a slight decrease in interest rates. The Purchase Index rose by 1%, while refinancing dropped by 5%. Experts link the i...

Asia-Pacific Markets React Mixed as US Tariffs Loom and Japan Eyes Rate Hikes

Asia-Pacific markets showed mixed reactions after US President Donald Trump's tariff announcements and the Bank of Japan's signals on possible rate hikes due to rising inflation. K...

Bank of Japan Anticipates Surpassing 2% Inflation Target, Sparks Policy Adjustment Talks

Bank of Japan board members express growing confidence in hitting the 2% inflation target, with discussions on potential rate hikes and policy adjustments to manage inflation risks...

President Trump Urges Federal Reserve for Immediate Rate Cuts Amid Economic Discussions

President Donald Trump has called for the Federal Reserve to lower interest rates promptly, amidst discussions on economic policies and recent steady rates decisions. He also menti...

US Stocks Bounce Back: A Late Rally Overcomes Trade and Recession Worries

US stocks recovered from a weak session to close higher, overcoming trade policy uncertainty and recession fears. The Federal Reserve's steady interest rates and hints at future cu...

Federal Reserve's Goolsbee Predicts Lower Interest Rates Within 12 to 18 Months Amid Inflation Progress

Federal Reserve's Austan Goolsbee forecasts a potential decrease in U.S. interest rates within 12 to 18 months, contingent on inflation progress. He also discusses the impact of Tr...

Federal Reserve's Goolsbee Predicts Lower Interest Rates Within the Next Year and a Half

Federal Reserve Bank of Chicago President Austan Goolsbee discusses the potential for lower interest rates in the next 12 to 18 months, contingent on inflation progress, and emphas...

Federal Reserve's Goolsbee Predicts Lower Interest Rates Within a Year

Federal Reserve Bank of Chicago President Austan Goolsbee predicts lower U.S. interest rates in 12 to 18 months if inflation progresses. He emphasizes the importance of the Fed's s...

Federal Reserve's Austan Goolsbee Predicts Lower Interest Rates Within a Year to 18 Months

Austan Goolsbee, President of the Federal Reserve Bank of Chicago, predicts a reduction in U.S. interest rates within 12 to 18 months, contingent on inflation progress. He emphasiz...

Russia's Central Bank Holds Steady at 21%: A Long Road to 4% Inflation Target

The Central Bank of Russia maintains interest rates at 21%, aiming for a 4% inflation target by 2026. Despite decreased pressures, inflation remains high, with domestic demand grow...

Asia-Pacific Markets React to Central Bank Decisions: A Mixed Bag of Fortunes

Asia-Pacific stock markets showed mixed reactions following central banks' decisions to maintain current interest rates, with significant movements in key indices and currency valu...