Browsing: interest

The average savings account rate can give you a read on the overall interest-rate environment, but it’s not a rate you should settle for.

The cash rate has now reached levels last seen in October 2011 with banks expected to quickly pass on the pain to borrowers.

Equity rich homeowners are taking advantage as first home buyers get squeezed by higher borrowing costs.

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The Bank of England has held interest rates at their current rate of 3.75% for the sixth time in a row but said they were likely to rise if high energy prices persist.

Ameriprise Financial (AMP) moved into focus after recent research highlighted its strong earnings growth, high return on equity, and valuation metrics indicating the stock may be trading below its estimated worth.

Japan’s central bank has raised its main interest rate to a fresh 31-year high as it continues to move away from decades of ultra-low borrowing costs and as the country faces increasing economic pressures.

A global financial body has given the green light to the Reserve Bank to further hike interest rates as inflation bedevils Australia’s economy.

The Federal Reserve voted to raise interest rates by 25 basis points on Wednesday to a range of 3.75%-4% amid persistently high inflation. The decision was unanimous.