The Judo Bank is now forecasting the Reserve Bank will raise interest rates three times in 2024. This would see borrowers paying the highest rates in almost 16 years.
Judo Bank now predicts the Reserve Bank will raise interest rates three times in 2024 to levels not seen in 16 years - increasing the average mortgage repayment by $300 a month.The bank's chief economic adviser, Warren Hogan, forecast the key interest rate will rise to 5.1 percent by Christmas, from a 12-year high of 4.35 percent. Rate hikes in August, September and November this year would see the Reserve Bank of Australia's key interest rate reach levels last seen in December 2008 during the...
Stock markets in the Asia-Pacific region traded mostly higher at the start of the week, while Chinese stocks dipped in the negative territory as investors digested the People's Bank of China's (PBoC)
The People's Bank of China (PBoC) announced on Monday it will keep its one-year loan prime rate (LPR) unchanged at 3.45%. Additionally, the bank's five-year loan prime rate remained at 3.95%,
The results from JPMorgan, Wells Fargo, and Citigroup mark the start of earnings season for America's banks as investors watch for signs of how high interest rates are affecting lenders.
The ECB has become "the central bank to be followed," one central bank governor said.
According to HTF Market Intelligence, the Global Retail Core Banking Systems market to witness a CAGR of 14.80% during forecast period of 2024-2030.
A court in the Maldives has thrown out former President Abdulla Yameen’s 11-year prison sentence on money laundering and bribery and ordered a retrial
US central banker says ‘recent data have clearly not given us greater confidence’ that inflation coming fully under controlThe Federal Reserve chair, Jerome Powell, cautioned on Tuesday that persistently elevated inflation will probably delay any Fed interest rate cuts until later this year, opening the door to a period of higher-for-longer rates.“Recent data have clearly not given us greater confidence” that inflation is coming fully under control and “instead indicate that it’s likely to take...
Geopolitical risk is the biggest threat to a prospective June rate cut from the European Central Bank, according to ECB policymaker Robert Holzmann.
In late 2021, Microsoft placed an upgrade block on systems with a specific Intel driver, preventing them from upgrading to Windows 10. More than two years later, the company finally marked it fixed.
The bank on Queen Street was one of three in Leeds - along with branches in Horsforth and Ilkley - and 114 HSBC offices across the UK to close last year and shut its doors for the final time on August 22. A new planning application submitted to Leeds City Council by Jennings Investments Ltd. outlines extensive plans for the now vacant space to be transformed into a commercial unit on the ground floor, as well as eight apartments on the ground and upper floors. The Grade II listed building, which...