Category: rates
-
Housing market outlook: Mortgage rates to stay around 6%
•
Mortgage rates may remain stuck in a narrow range around current levels and will not decline sharply any time soon. Before the Fed cut interest rates, mortgage interest rates had dropped dramatically near what some considered the “magic number” of 6% which would revive a sluggish housing market characterized by…
-
Interest paid on domestic loans up Sh89bn on higher rates, borrowing
•
Taxpayers paid an additional Sh89.4 billion in interest payments on the government’s domestic debt in the year to June 2024, reflecting higher interest rates on debt securities and increased domestic borrowing for budget purposes in the period. National Treasury disclosures show that interest payments rose to Sh622.5 billion from Sh533.1…
-
Rising interest rates fuel Sh27.1bn bond sell-off by foreigners
•
Foreign investors cut their holdings of treasury bonds by 84.6 percent to Sh4.9 billion in the quarter ending June 2024 from Sh32 billion in the same period last year in search of higher returns from shorter-term papers. At the same time, foreigners increased their holdings of treasury bills according to…
-
Rising interest rates fuel Sh27.1bn bond sell-off by foreigners
•
Foreign investors cut their holdings of treasury bonds by 84.6 percent to Sh4.9 billion in the quarter ending June 2024 from Sh32 billion in the same period last year in search of higher returns from shorter-term papers. At the same time, foreigners increased their holdings of treasury bills according to…
-
Bank of England may cut rates more aggressively as inflation eases, warns Andrew Bailey
•
Andrew Bailey, Governor of the Bank of England, has indicated that the bank may take a more aggressive stance on cutting interest rates if inflation continues to decline. However, he warned that escalating tensions in the Middle East could lead to a sharp rise in oil prices, which would complicate…
-
Softer US auto sales highlight the pain from higher rates
•
High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
-
Direct Energy Regulated Services Announces Natural Gas Rates for October 2024
•
Article content CALGARY, Alberta, Sept. 30, 2024 (GLOBE NEWSWIRE) — Direct Energy Regulatory Services has announced default natural gas prices for October 2024. These prices will apply to customers who have not selected a competitive supplier within the ATCO North and South gas service areas. . Rates have been verified…
-
China tells banks to start cutting rates on existing mortgages By Reuters
•
BEIJING (Reuters) – The People’s Bank of China (China’s central bank) told commercial banks on Sunday to begin cutting interest rates on all outstanding home loans, in a sweeping move to help ease the mortgage burden on households hurt by the economic slowdown. All commercial banks must, in batches, cut…
-
The calls are mounting for the ECB to cut rates in October and beyond
•
Lagarde Barclays issued a note predicting that the ECB will cut the ECB by 25 basis points on October 17. They are behind the curve in that as the market has turned dramatically in the last couple of weeks and now place a 94% chance of a cut. . This…
-
BOJ chief signals no rush to raise rates further By Reuters
•
Written by Laika Kihara OSAKA (Reuters) – Bank of Japan Governor Kazuo Ueda said on Tuesday the bank can take time to examine market and external economic developments when setting monetary policy, suggesting the central bank is in no rush to raise interest rates further. Ueda reiterated that the Bank…
-
Hedge funds snap up US tech stocks amid falling rates, says Goldman Sachs
•
LONDON (Reuters) – Hedge funds bought U.S. technology and media stocks at their fastest pace in four months last week, driven by an expected 50 basis point interest rate cut by the Federal Reserve, a Goldman Sachs note to clients seen by Reuters on Monday said. Lower interest rates are…
-
Solana Jumps 10% As Fed Eases Rates, Analysts Eye Even Higher Gains
•
This article is also available in Spanish. The fifth-largest cryptocurrency by market cap, Solana (SOL), has been back in the spotlight since it recently saw a massive price surge. The token surged by over 10% amid the Fed’s interest rate cuts, catching investors’ attention once again and sparking all the…
-
Savers stockpile Sh1.9 trillion in fixed deposit accounts on high rates
•
Savers piled a record Sh1.97 trillion into fixed deposit accounts in the year to June 2024, driven by prevailing high interest rates, new data has shown. Cash held in fixed accounts at commercial banks rose by a record Sh224 billion between June last year and June 2024 to Sh1.97 trillion…
-
Savers stockpile Sh1.9 trillion in fixed deposit accounts on high rates
•
Savers piled a record Sh1.97 trillion into fixed deposit accounts in the year to June 2024, driven by prevailing high interest rates, new data has shown. Cash held in fixed accounts at commercial banks rose by a record Sh224 billion between June last year and June 2024 to Sh1.97 trillion…
-
Pound reaches two-year high as Bank of England holds interest rates steady
•
The pound rose to its highest level since March 2022, breaking through the $1.33 level, after the Bank of England decided to keep interest rates steady at 5 percent and indicated a gradual approach to easing monetary policy. Sterling rose about 0.7 percent against the dollar, to $1.331, after the…
-
Pound reaches two-year high as Bank of England holds interest rates steady
•
The pound rose to its highest level since March 2022, breaking through the $1.33 level, after the Bank of England decided to keep interest rates steady at 5 percent and indicated a gradual approach to easing monetary policy. Sterling rose about 0.7 percent against the dollar, to $1.331, after the…
-
BOE Kept Rates at 5.00% and Emphasized Its ”Gradual” Approach to Easing
•
Bank of England members voted 8-1 to keep the bank’s official cash rate at 5.00% in September. Swati Dhingra, a member known for her dovishness, voted for another 25 basis point rate cut after a similar cut in August. The vote was much less “balanced” than the 5-4 rate cut…
-
Australia’s August Labor Market Data Shows Strength Despite High Interest Rates
•
Data from the Australian Bureau of Statistics reflects the resilience of the Australian labour market in a high interest rate environment. The economy added a net 47.5K jobs in August, above the expected gain of 28.0K and slightly below the downwardly revised gain of 48.9K in July. The gains came…
-
Fed Cut Interest Rates by 0.50%, Dot Plot Suggests More Cuts in Next Meetings
•
The Federal Open Market Committee cut interest rates by 50 basis points to 4.75% to 5.00% at its September meeting, marking a strong start to the monetary policy easing cycle. It was also the first cut in borrowing costs since the start of the pandemic in 2020, as major central…
-
Fed Cut Interest Rates by 0.50%, Dot Plot Suggests More Cuts in Next Meetings
•
The Federal Open Market Committee cut interest rates by 50 basis points to 4.75% to 5.00% at its September meeting, marking a strong start to the monetary policy easing cycle. It was also the first cut in borrowing costs since the start of the pandemic in 2020, as major central…