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Category : Banking

Banking

RBI Begins Rate Meeting With a Hike in Focus as Inflation, Costly Crude and a Weak Rupee Weigh on Policy

Rohan Kumar
by Rohan Kumar04
India’s central bank has opened a closely watched policy meeting with the possibility of an interest-rate increase firmly on the table, as rising inflation, expensive...
Banking

RBI Begins Policy Meeting With a Rate Hike in Focus: What It Could Mean for Borrowers and Savers

Rohan Kumar
by Rohan Kumar2 19
Millions of Indian households with loans, deposits or both will be watching Mumbai closely this week. The Reserve Bank of India’s Monetary Policy Committee began...
Banking

North Dakota’s State-Owned Bank Launches Roughrider Coin Stablecoin for More Than 90 Banks and Credit Unions

Rohan Kumar
by Rohan Kumar179
North Dakota has a digital dollar of its own. The state-owned Bank of North Dakota has put its Roughrider Coin stablecoin into live use, giving...
BankingLifestyle

Americans Feel Secure in Their Jobs, but Savings Cushions Are Thinning, New Survey Finds

Rohan Kumar
by Rohan Kumar2 121
American consumers say their jobs feel safe, but the cushion of savings behind them is wearing thin, according to a new survey that points to...
BankingLifestyle

US Mortgage Rates Climb Above 7% as Treasury Yields Surge, Squeezing Homebuyers

Rohan Kumar
by Rohan Kumar033
For millions of would-be homebuyers, the most important number in the American economy this autumn has crossed a psychological line. The average rate on a...
BankingLifestyle

Reserve Bank of Australia Lifts Cash Rate to 4.60%, Its Fourth Rise This Year

Rohan Kumar
by Rohan Kumar2 96
Australian borrowers are facing another rise in the cost of a home loan after the Reserve Bank of Australia lifted its cash rate to 4.60%,...
BankingLifestyle

Lagarde Says Measured ECB Rate Hikes Remain Appropriate as Euro Zone Inflation Tops 3%

Rohan Kumar
by Rohan Kumar132
The head of the European Central Bank has signalled that the euro zone’s fight against energy-driven inflation will continue at a steady pace, not a...
BankingLifestyle

RBA Lifts Cash Rate to 4.60%, a 15-Year High: What It Means for Mortgages and Savings

Rohan Kumar
by Rohan Kumar175
Australian borrowers face another rise in repayments after the Reserve Bank of Australia lifted its cash rate by 25 basis points to 4.60% on Tuesday....
Banking

Mortgage Rates Top 7% for the First Time Since January 2025, Adding Strain to Home Buyers

Rohan Kumar
by Rohan Kumar163
WASHINGTON — For would-be home buyers already stretched by high prices, another hurdle has arrived. Mortgage rates have moved above 7% for the first time...