interest rate News

Federal Reserve's Next Move: Powell Hints at Possible Rate Cut in September Amid Economic Uncertainty

Federal Reserve Chair Jerome Powell discusses the possibility of a key interest rate cut in September, citing upcoming employment and inflation data as critical factors. The curren...

Bank of Canada Maintains Steady Interest Rates Amid US Tariff Uncertainties

The Bank of Canada has decided to maintain the interest rate at 2.75%, citing economic resilience despite challenges from US tariffs. The economy saw a GDP decline in Q2 after a st...

Turkey Slashes Key Interest Rate to 43% in Bold Move to Curb Inflation and Stabilize Economy

The Central Bank of Turkey reduces its key interest rate from 46% to 43% in an effort to combat inflation and stabilize the economy, reaffirming its commitment to achieving price s...

Bank of India Slashes Savings Account Interest Rates to 2.5%, Following Industry Trend

Bank of India has reduced its savings deposit rate to 2.5%, aligning with similar adjustments by other banks. Additionally, the interest rate on green deposits and a 999-day term d...

Russian Central Bank Forecasts Inflation Decline by May, Governor Nabiullina Highlights Cautious Optimism

Russian Central Bank Governor Elvira Nabiullina predicts a decrease in inflation by May, despite keeping the key interest rate steady at 21%. A cautious approach remains as a tempo...

Inflation in Russia Expected to Decline by May, Central Bank Governor Predicts

Russian Central Bank Governor Elvira Nabiullina forecasts a decrease in inflation by May, despite maintaining a cautious stance due to potential temporary upticks in July. The key ...

Turkey's Bold Move: Central Bank Elevates Key Rate to 46% Amid Inflation Battle

Turkey's central bank raises the key interest rate to 46% in a bold step to fight inflation, aiming for price stability and a sustained decline in inflation, with current rates at ...

Turkey's Bold Move: Central Bank Skyrockets Key Rate to 46% to Combat Inflation

Turkey's central bank has raised its key interest rate to 46% in a bold move to tackle inflation, aiming for a 5% target. The bank's tight monetary policy is designed to strengthen...

Turkey's Bold Move: Central Bank Skyrockets Key Rate to 46% to Combat Inflation

Turkey's central bank has escalated its key interest rate to 46% in a decisive move to curb inflation, emphasizing a tight monetary stance and the importance of fiscal policy coord...

Bank of Canada Holds Interest Rates Steady at 2.75% Amid Global Trade Tensions

The Bank of Canada has kept its interest rate at 2.75% due to uncertainties from global trade tensions, particularly US tariff policies, affecting economic growth and inflation exp...

Bank of Canada Holds Interest Rate Steady at 2.75% Amid Global Trade Tensions

The Bank of Canada has decided to maintain its policy rate at 2.75%, citing global trade tensions and US tariff policy as key concerns. These factors are affecting economic growth,...

Bank of Canada Holds Steady: Interest Rates Unchanged Amid Global Trade Tensions

The Bank of Canada has decided to keep its interest rate unchanged at 2.75%, citing global trade tensions and unpredictable US tariff policies as key factors influencing this decis...

Bank of Canada Holds Interest Rate Steady at 2.75% Amid Global Trade Tensions

The Bank of Canada has kept its interest rate at 2.75% due to uncertainties from US tariff policies and global trade tensions, affecting economic growth and inflation expectations.

Bank of Canada Holds Interest Rates Steady Amid Global Trade Tensions and Economic Uncertainty

The Bank of Canada decides to hold its policy rate at 2.75%, amid global trade tensions and economic uncertainties, focusing on balancing growth and inflation.

Wall Street in Turmoil: Dow Dives Over 450 Points Amid Fed's Rate Decision Uncertainty

Wall Street opened lower as investors analyzed the Federal Reserve's interest rate decision, with the Dow Jones plummeting over 450 points. The Nasdaq and S&P 500 also declined, am...

Dow Jones Plummets Over 450 Points Amid Federal Reserve's Rate Decision Uncertainty

Wall Street opened lower as investors analyzed the Federal Reserve's interest rate decision amidst concerns over volatile trade policies and rising inflation. The Dow Jones plummet...

Asian Markets React Mixed to Bank of Japan's Rate Decision and Economic Data

Asian stock markets reacted variably to the Bank of Japan's decision to keep interest rates steady and the release of Japan's economic data, including industrial production and tra...

Asian Markets React Mixed to BoJ's Unchanged Rate Decision and Economic Data

Asian markets had mixed reactions after the Bank of Japan kept its interest rate unchanged at 0.5%. Japan's industrial production fell in January, while its trade balance turned in...

Asian Markets Show Mixed Reactions Following Bank of Japan's Rate Decision and Economic Data

Following the Bank of Japan's decision to keep the interest rate unchanged and the release of Japan's economic data, Asian markets displayed mixed reactions with varying performanc...

Asian Markets React Variably to Bank of Japan's Rate Decision and Economic Data

Asian markets showed mixed reactions after the Bank of Japan kept its interest rate unchanged at 0.5%. Japan's industrial production fell in January, while its trade balance swung ...

Asia-Pacific Markets React to BoJ's Interest Rate Decision and Japan's Economic Data

Asia-Pacific markets showed mixed reactions after the Bank of Japan kept its interest rate unchanged. Japan's industrial production fell, while its trade balance improved. Regional...

Asian Markets React Mixed to BoJ's Unchanged Rate Decision and Economic Data

Asian stock markets showed mixed reactions after the Bank of Japan kept its interest rate unchanged. Japan's industrial production declined in January, while its trade balance shif...

Bank of Japan Holds Steady: Interest Rates Unchanged Amid Global Trade Uncertainties

The Bank of Japan has decided to keep its benchmark interest rate unchanged at 0.5% amidst global trade uncertainties and concerns over the impact of US protectionist policies. The...

Bank of Japan Holds Steady on Interest Rates Amid Global Trade Uncertainties

The Bank of Japan has decided to maintain its benchmark interest rate at 0.5% amidst global trade uncertainties, citing a moderate economic recovery with some emerging weaknesses a...

Wall Street Holds Steady: Investors Eye Key Economic Indicators and Federal Reserve's Next Move

Wall Street remains steady as investors await key economic indicators and the Federal Reserve's interest rate decision. Major indexes were flat, and the euro gained slightly agains...

Bank of Canada Slashes Interest Rates Amid Rising Trade Tensions

The Bank of Canada has cut its interest rate by 25 basis points to 2.75% in response to heightened trade tensions with the United States, which are expected to slow economic growth...

Turkey's Central Bank Slashes Key Rate to 42.5%: A Bold Move Amid Economic Challenges

Turkey's Central Bank has reduced its key interest rate to 42.5%, a strategic move aimed at addressing the country's economic challenges and stabilizing the currency. This decision...

EPFO Board Recommends Maintaining 8.25% Interest Rate for Current Financial Year

The EPFO board recommends maintaining an 8.25% interest rate for the current financial year, highlighting EPF as a preferred investment due to its higher, stable returns and tax-fr...

2024-25 EPFO Interest Rates Unveiled: Discover Your Potential Earnings on Provident Fund Deposits

The EPFO has set the interest rate for 2024-25 at 8.25%, awaiting Ministry of Finance approval. This rate reflects a recovery from the 8.1% low in 2022, impacting over seven crore ...

Russia's Central Bank Maintains Key Interest Rate at 21% Amid Economic Adjustments

The Central Bank of Russia has kept its key interest rate at 21% for the second time in a row, predicting inflation will drop to 7-8% by 2025. The economy grew by 4.1% in 2024, sup...

Russia Holds Steady: Central Bank Maintains Key Interest Rate at 21% Amid Inflation Forecasts

The Central Bank of Russia maintains its key interest rate at 21%, with inflation expected to decrease to 4% by 2026. The economy grew by 4.1% in 2024, driven by domestic demand.

ECB Maintains Neutral Rate Estimate Amid Uncertainty, Signals Limited Policy Guidance

The European Central Bank (ECB) has confirmed its neutral interest rate estimate remains between 1.75% and 2.25%, unchanged since late 2023. However, the ECB acknowledges the chall...