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.
Federal Reserve Vice Chair Philip Jefferson suggested Tuesday that the central bank’s key rate may have to remain at its peak for a while to bring down persistently elevated inflation. In a speech, Jefferson said he expects inflation to continue to slow this year. But he omitted a reference to the likelihood of future rate […]
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...
WASHINGTON (AP) — Federal Reserve Vice Chair Philip Jefferson suggested Tuesday that the central bank’s key rate may have to remain at its peak for a while to bring down persistently elevated
Experian reports on what may be behind an increase in consumer personal debt including credit card, auto loan and mortgage payments.
A key member of the US central bank, Raphael Bostic, tells the BBC rates might only ease "at the end of 2024".
Britain’s FTSE 100 index reached a record high of 8,076 points early on Tuesday April 23 as hopes grew of cuts in the interest rate. This overtook the previous day’s 8,023 and outstripped February 20023’s record 8,0476 points. The City was counting on two interest rate reductions this year, with the first announced in August after […]
When analysing the outlook for equities, it can be useful to consider the assumptions financial markets appear to be pricing in. Historically we have found that opportunities and risks are most present when the market is pricing in bearish or bullish outcomes respectively that probabilistically are
HARLINGEN — For the first time in 10 years, commissioners are set to call for a new water rate plan boosting utility customers’ charges by about 50% during the next five years to help fund a sewer system overhaul that’s part of WaterWorks’ $258 million five-year master plan.
WPS does, too. That would make 8 straight years of rate hikes for We Energies.
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%,