Savers should be cheering higher interest rates. So why are they unhappy?
When central banks raise interest rates, mortgage borrowers can expect higher monthly repayments, while savers are supposed to be rewarded with bigger returns on their deposits. Or so the theory goes.
2023-07-06 15:46
Bank of England hikes rates for 13th time as inflation stays high
The Bank of England raised interest rates by half a percentage point Thursday, after data this week revealed surprisingly stubborn inflation.
2023-06-22 19:26
Turkey hikes interest rates to 15% as Erdogan reverses policy on fighting inflation
Turkey's central bank hiked interest rates to 15% from 8.5% Thursday in a dramatic reversal of its unorthodox policy of cutting the cost of borrowing to tame painfully high inflation.
2023-06-22 19:23
CBA to refinance home loans for borrowers not meeting industry standard
(Reuters) -Commonwealth Bank of Australia on Wednesday launched an alternate assessment rate allowing select borrowers to refinance their loans if
2023-06-21 14:57
European Central Bank hikes interest rates to highest level in 22 years
The European Central Bank raised interest rates by a quarter of a percentage point Thursday and signaled another hike to come next month, unmoved by evidence of a mild recession in the 20 countries that use the euro.
2023-06-15 23:20
New Zealand: Economy slips into recession after interest rate hikes
The country's central bank has aggressively raised interest rates since October 2021.
2023-06-15 11:48
Egypt's central bank leaves key interest rates on hold
Egypt's central bank kept its overnight interest rates unchanged on Thursday, saying that growth had slowed in the
2023-05-19 02:57
Argentina raises interest rate to 97% as it struggles to tackle inflation
The Central Bank of Argentina raised its key interest rate Monday by six percentage points to 97% in an effort to tackle soaring inflation that has reached 30-year highs.
2023-05-16 05:22
Bank of England hikes interest rates for 12th time in battle with inflation
The Bank of England raised interest rates by a quarter of a percentage point Thursday, hiking for the twelfth consecutive time as it battles inflation above 10%.
2023-05-11 19:26
US inflation below 5% for first time in two years
Prices rose 4.9% over the 12 months to April, the latest figures show.
2023-05-10 21:23