rates

Companies Deposits cross Sh5trn as banks offer five-year high rates Monday September 11 2023 The Central Bank of Kenya in Nairobi. FILE PHOTO | NMG Deposits held in commercial banks by customers rose by Sh430.4 billion in six…

Its policymakers have raised their key interest rate to about 5.4%, its highest level in 22 years, to try to slow borrowing and spending and cool inflation pressures. They now are considering whether to raise the rate even higher — a…

High interest rates are continuing to hit demand in the property market as potential buyers pull back from purchases because of increased mortgage costs. The number of mortgage approvals fell last month to a five-month low of 49,400,…

Happy talk from Washington, consistently low unemployment, and a slowing pace of inflation have combined to support a positive market sentiment – but can it last? ‘Shark Tank’ star Kevin O’Leary believes it won’t, and he does not hesitate…

A piece from Reuters citing various sources, some unnamed. Last week the People's Bank of China left its key indicative mortgage rate, the 5 year LPR unchanged, against widespread expectations of a cut:Despite leaving the 5yr untouched,…

The UK economy is on course to shrink between July and September and could tip into recession, a closely-watched survey suggests. The S&P Global/CIPS UK Purchasing Managers’ Index (PMI) found that rising interest rates and weaker…

On July 16, Binance announced that it had integrated the layer-2 protocol Bitcoin Lightning Network into its platform, and users could use it to make deposits and withdrawals. And now, less than two months after this development, the…

Fed's Powell's Jackson Hole speech finally came and unlike last year when the speech was short and sweet and to the point, there was little bit of something for everyone :Regarding monetary policy and rate decisions:Prepared to raise rates…

© Reuters. FILE PHOTO: U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar edged up against a basket of…

© Reuters. U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/file photo By Joice Alves and Tom Westbrook LONDON/SINGAPORE (Reuters) - The dollar edged up on Thursday as investors…