Interest Rates

Bad News For Homebuilders

Homebuilders are flying into headwinds.<p>Recent data show industry fundamentals have deteriorated this year.<p>If interest rates rise, as expected, …

Business

BOJ set to keep monetary spigot open, political risk looms

TOKYO (Reuters) - The Bank of Japan is expected to reassure markets on Thursday that it will lag well behind its U.S. counterpart in scaling back its …

Economy

The great unwinding: Fed begins slow demise of its post-crash stimulus

The sell-off of its $4.5tn portfolio, bought to keep interest rates down after the financial crash, is as unprecedented as the stimulus programme that came before<p>US Federal Reserve interest rate decision – live updates<p>The Federal Reserve has announced it will begin the great unwinding of the …

Economy

Fed Officials Lower Their Estimate of Long-Run Interest Rates

Over the longer run, officials now see rate target at 2.8%<p>WASHINGTON—Federal Reserve officials are continuing to pencil in one more rate rise this year, and now expect the economy to take a little longer to achieve their official inflation goal, according to the central bank’s latest official …

Economy

Federal Reserve announces balance sheet unwinding starting in October as interest rates left unchanged

The Federal Reserve has kept interest rates steady but approved a plan to begin unwinding its massive balance sheet, in a big step on the way towards …

Economy

Commentary: Does BoE's hawkish lurch nod to "sterling crisis"?

LONDON (Reuters) - As the Bank of England sends its strongest signal to date that the first interest rate hike in a decade is approaching, could Britain be heading towards its first sterling crisis in a quarter of a century?<p>At first glance, there appear to be few parallels between now and 1992, …

Economy

RBA

Banks offering cut-price home loan interest rates through unadvertised discounts stifles competition because it leaves many customers unaware if they …

Business (Australia)

What Do Higher Interest Rates Mean for You?

The Bank of Canada’s benchmark overnight rate increase in July – its first since 2010 – followed by another in September, has ushered in an …

Finance

Fed leaves interest rates unchanged, but December hike on cards

The Federal Reserve left its benchmark interest rate unchanged and said Wednesday that it would begin to withdraw some of the trillions of dollars …

Economy

How young homebuyers are walking into a debt TIMEBOMB

Figures buried in an official report show banks are lending more money to borrowers who can barely afford to get on the property ladder than at any …

Mortgages

College savings in 529 plans may be worth less than hoped

CHICAGO (Reuters) - Parents who are counting on savings in 529 plans to pay for college this year or next could be in for an unpleasant …

World Economy

Canadian Interest rates will likely pause until NAFTA 2.0 is settled

Trucks on the Ambassador Bridge between Windsor and Detroit, among Canada’s busiest border crossings. (Jeff Kowalsky/AFP/Getty)<p>Bank of Canada Deputy …

Economy

Canadians' Debt ‘Above Critical Threshold,’ Report Warns

A new report from one of the world's top financial institutions is reiterating its warning that Canada is one of the countries most likely to see a …

Canadian News

'Zombie firms' on the march as rate hikes near: report

File: Ultra-low rates have allowed certain companies to keep operating but they would quickly feel the pain of higher interest payments. Photo: via …

Economy

Bank of England to hike interest rates TWICE by May 2018

The Bank of England is on track to raise interest rates twice over the next year, according to research by HSBC.<p>The central bank's Monetary Policy …

Economy

BoE’s Carney: Brexit would push up inflation and interest rates

Brexit is likely to prove inflationary in Britain even though economic performance will be damaged, Mark Carney, Bank of England governor, said on …

Economics

Gold hits two-and-a-half-week low

London — Gold hit a two-and-a-half-week low on Monday as the dollar rose ahead of a two-day Federal Reserve meeting and as global equities surged.<p>The …

Business (South Africa)

US stocks wobble after Fed keeps rates flat but end higher on the day

US stock indexes overcame an afternoon wobble to close mostly higher on Wednesday after the Federal Reserve said it would start reducing its huge …

Economy

Pressure on gold producers as investors focus on interest rates

An index for Australian gold miners was down as much as 1.5 per cent on Monday as investors’ attention shifted from North Korea to the increased …

Economy

UK households squeezed again, BoE might make it worse - survey

LONDON (Reuters) - British households are feeling the tightest squeeze on their finances in three years and the Bank of England's signal that it is …

Economy

Muted inflation a trillion-dollar puzzle, says BIS

LONDON (Reuters) - The conundrum of stubbornly low inflation despite a pick-up in global growth and continued monetary stimulus is a "trillion …

Economy

Why bond ETFs are becoming so popular among investors

The outlook for bonds in 2017 started out blah at best and got worse.<p>Years of speculation about higher interest rates gave way to a rapid-fire pair of rate increases in July and September. Higher rates are bad for bonds, but there's no sign of any concern about this in the world of bond ETFs. In …

Finance

Pound surges to highest level since Brexit vote as rates rise looms large

Sterling climbs above $1.36 after BoE policymaker suggests rate rise could happen in November.<p>The pound has surged to its highest level against the …

Economy

Rand stumbles on global market jitters

The rand was wobbly on Friday morning, partly due to geopolitical concern after North Korea defied the international community by firing another …

Business (South Africa)

Dollar hits seven week high against the yen as Fed meeting on US interest rates eyed

The US dollar rose to a more than seven-week high against the yen on Monday, supported by a rise in US Treasury yields, as traders waited on an …

Economy

Carney surprises markets with suggestion Bank of England could raise interest rates this year

The Bank of England surprised markets by indicating that interest rates could go up sooner and more quickly than expected, as it said hikes may be needed to keep inflation under control.<p>Mark Carney and the Monetary Policy Committee (MPC) kept interest rates on hold at 0.25pc, but said investors do …

Economy

Higher Interest Rates May Force Higher Inflation Rates

Financial analysis of the three way relationship between interest rates, inflation and the U.S. national debt.<p>Higher interest rates causing higher …

Economy

Is the Bank of England running out of rhetorical firepower on interest rates?

Mark Carney was accused of being an “unreliable boyfriend” by Pat McFadden MP back in 2014.<p>At the time the criticism was levelled at the Bank of England’s shifting guidance. It had suggested that interest rates could rise in 2014. And then 2015. And then 2016.<p>And yet rates hikes came there none. In …

Economy

'Firmly challenged': Markets are ready to test the Bank of England's credibility

• <b>Bank of England Monetary Policy Committee set to leave rates and QE unchanged.</b>• <b><br>Rhetoric from the central bank is set to take a hawkish tilt and warn on rate rises.</b>• <b><br>Thursday will be a test of the Bank of England's credibility, with markets sceptical that the MPC has room to increase interest …

Economy

BoE votes 7-2 to keep rates on hold, but prepares market for a rise

The Bank of England has issued its strongest guidance in a decade that it is poised to raise interest rates, setting the stage for a nail-biting …

Economy