interest rates News

US Mortgage Applications See a Slight Increase Amid Falling Interest Rates

Mortgage applications in the US increased by 0.1% as of October 17, with a decrease in the average interest rate for 30-year fixed-rate mortgages to 7.02%. The Purchase and Mortgag...

ECB's Villeroy Predicts 100 Basis Points Rate Cut by Summer 2025 Amid Inflation Concerns

ECB's Francois Villeroy predicts a 100 basis point rate cut by summer 2025, discusses potential inflationary effects from US policies, and the possibility of decoupling ECB and Fed...

UBS CEO Warns: Trump's Tariffs May Hinder Interest Rate Declines

UBS CEO Sergio Ermotti discusses the potential impact of tariffs, including those proposed by President Trump, on interest rates and inflation. He warns that tariffs could slow the...

China's Central Bank Holds Steady: Key Interest Rates Remain Unchanged Amid Economic Shifts

The People's Bank of China has kept its benchmark interest rates unchanged, with the 1-year and 5-year Loan Prime Rates remaining steady at 3.10% and 3.60%, respectively. This deci...

Bank of Baroda Introduces Liquid Fixed Deposits with Flexible Withdrawal Options

Bank of Baroda introduces liquid fixed deposits offering flexible withdrawal options and higher returns for senior citizens, with deposit tenures ranging from 12 to 60 months and a...

Global Gold Prices Dip Slightly Amid Anticipation of U.S. Inflation Report

Gold prices in Vietnam remain stable while global prices slightly decrease ahead of the U.S. inflation report. Experts suggest a higher CPI could lower gold prices, with potential ...

US Mortgage Applications Surge by 33.3%: A Sign of Economic Revival?

Mortgage applications in the U.S. have surged by 33.3%, with the average interest rate for 30-year fixed-rate mortgages rising to 7.09%. This significant increase, reported by the ...

Eurozone's Economic Revival: A 2025 Outlook by ECB's Philip Lane

ECB's Philip Lane forecasts a stronger Eurozone economic recovery by 2025, driven by investment momentum, robust employment, and rising wages, with inflation expected to stabilize,...

US Stock Market Reacts to Strong Job Numbers: A Deep Dive into the Impact

Following strong December job growth, US stock markets opened lower, with major indexes and key players like NVIDIA and Moderna experiencing significant drops. Attention now turns ...

ECB's Lane Stresses Importance of Mid-Range Interest Rates for Inflation Control

ECB Chief Economist Philip Lane discusses the importance of mid-range interest rates for controlling inflation, the risks of rapid rate changes, and the impact of future wage incre...

Rupee Set to Surpass 86 Against Dollar: RBI Governor's First Major Test

The Indian rupee is expected to surpass 86 against the dollar, posing a significant challenge for RBI Governor Sanjay Malhotra. The strengthening dollar complicates efforts to supp...

Wall Street Tumbles as Robust Employment Data Sparks Rate Hike Fears

Wall Street faced a downturn as strong December employment data exceeded expectations, raising fears of interest rate hikes. Earnings reports from Walgreens and Delta Airlines were...

European Markets Hold Steady as Investors Await Key US Economic Indicators

European stock markets opened flat as investors await key US economic reports on nonfarm payroll and consumer confidence, which could impact Federal Reserve interest rate decisions...

Fed's Schmid Suggests Interest Rates May Be Approaching Long-Term Stability

Federal Reserve Bank of Kansas City President Jeff Schmid believes the Fed's interest rates are nearing their long-term level, advocating for a neutral policy stance and gradual ad...

SBI's Har Ghar Lakhpati RD Scheme: Your Path to Becoming a Lakhpati with Monthly Investments

SBI's Har Ghar Lakhpati RD scheme offers a strategic way for individuals to build a Rs 1 lakh corpus through monthly investments. With varying interest rates for general residents ...

Global Gold Prices Take a Dive: What's Next for Investors?

Gold prices have seen a slight decline, with global rates remaining steady. Investors are closely watching U.S. economic data for insights into the Federal Reserve's interest rate ...

U.S. Dollar Experiences a Dip in the Black Market: A Detailed Analysis

The U.S. dollar faced a slight decrease in the black market, with unofficial rates dropping to VND25,800. Despite this, official rates remained stable, showcasing the complex dynam...

Discover the Latest Interest Rates on Post Office Savings Schemes for Jan-March 2025

The Finance Ministry has announced unchanged interest rates for small savings schemes, including PPF, SSY, and SCSS, for January-March 2025. These schemes are backed by the central...

Sharp Decline in US Mortgage Applications Signals Market Shift

The latest Mortgage Bankers Association's survey reveals a 12.6% drop in US mortgage applications, with rising interest rates and declining purchase and refinance indexes signaling...

Government Holds Steady: Small Savings Scheme Rates Unchanged for Fourth Quarter

The Indian government has decided to keep the interest rates on small savings schemes unchanged for the fourth consecutive quarter of January-March 2025, offering stability to inve...

China's Central Bank Governor Signals Potential Interest Rate Cuts Amid Economic Adjustments

PBoC Governor Pan Gongsheng suggests there is room for interest rate adjustments within the current monetary policy, while emphasizing a cautious approach to avoid yuan depreciatio...

Asian Markets Show Mixed Signals Post-Holiday Break: A Deep Dive

Asian stock markets showed mixed results after the Christmas holiday, with investors closely watching Japan for potential policy changes. Key economic data from Japan provided insi...

Bank of Japan Urges Comprehensive Data Analysis Before Policy Shifts

The Bank of Japan emphasizes the importance of data review before adjusting monetary policy, amidst global uncertainties and the need to monitor wage negotiations, suggesting no ru...

Turkey Slashes Interest Rates to 47.5%: A Bold Move to Stabilize Economy

The Central Bank of the Republic of Turkey has cut its key interest rates to 47.5%, the first reduction since February 2023, aiming to stabilize the economy by addressing inflation...

Gold Prices Surge Amid Global Rate Hike Expectations

Gold prices rise to VND84.1 million per tael, influenced by global rate hikes and short covering in the market. Spot gold up 0.2% to $2,626.44 per ounce.

Central Banks Around the World Adopt Cautious Approach Amid U.S. Trade Policy Uncertainties

Global central banks, including the Bank of Canada, ECB, and others, have adjusted or maintained their interest rates in response to uncertainties arising from U.S. trade policies ...

Fed's Goolsbee: Inflation to Shape Future Interest Rates

Fed's Goolsbee predicts inflation and unemployment will shape monetary policy, with a judicious loosening expected by 2025. He emphasizes maintaining labor market stability and adj...

BoE's Unchanged Rate Decision Sinks European Markets in Premarket Trading

European stock indexes traded lower in the premarket following the Bank of England's decision to maintain interest rates unchanged at 4.75%. Investors also assessed reports on Germ...

Indian Markets Plunge: BSE Sensex and Nifty50 in Deep Red

Indian equity benchmarks, BSE Sensex and Nifty50, plunge for the fifth consecutive day due to global market turbulence following the US Federal Reserve's hawkish stance on interest...

BoE and Fed Moves Trigger Sharp Decline in European Stock Markets

European stocks closed significantly lower following decisions by the Bank of England and the Federal Reserve. The BoE held rates, while the Fed cut its key rate by 25 basis points...

Unlocking Financial Freedom: Key Factors to Consider for a Loan Against Property

Discover the top 5 factors to consider before applying for a loan against property, including eligibility, interest rates, LTV ratios, and choosing the right lender. Learn how Baja...

BoE Holds Steady: Interest Rates Remain at 4.75% Amid Economic Uncertainty

The Bank of England (BoE) has announced that it will maintain its interest rates at 4.75%, unchanged after a reduction in November. This decision reflects the bank's strategy amids...