“The decisive factor in the new year will be to gradually initiate the exit from negative interest rates and unconventional monetary policy and avoid any proximity to state monetary financing,” Holzmann said in a statement. end of year on the website of his institution. The ECB has had a negativeRead More →
Find out which banks posted the highest rates on savings and money market accounts in the second quarter of 2013. Our articles, research studies, tools and reviews maintain strict editorial integrity; however, we may be compensated when you click or are approved for offers from our partners. After a longRead More →
There were two early Christmas surprises in this month’s economic news, as the Bank of England raised interest rates after a surprisingly rapid rise in inflation. While that’s not necessarily good news, there’s also reason to think things might not be too gloomy. This preview examines the economic data releasedRead More →
The new rates are applicable from December 9, said Ujjivan SFB Ujjivan Small Finance Bank announced that it had raised interest rates on term deposits (FDs) through various mandates. For ordinary citizens up to age 60, the bank will now offer an interest rate of 6.6% for deposits for termsRead More →
Express news service For most existing bank borrowers, the current ultra-low interest rate regime is like a free uneaten lunch. Indeed, even though the RBI has cut the policy rate by 250bp since February 2019, interest rates on outstanding loans have fallen by just around 100bp. Officials say transmission isRead More →
Although the transmission of deposit and credit rates has improved significantly in recent times, several factors continue to hamper efficient monetary transmission at these bank rates, the Reserve Bank of India (RBI) said. The RBI Bulletin for July 2021 noted that the central bank has made several attempts to improveRead More →
In a major effort to eliminate black money and stabilize the economy, the government issued two ordinances on July 11 and raised the bank rate to an all-time high of 10 percent. These measures followed the announcement on July 10 of price increases for a wide range of petroleum productsRead More →
Banks love to brag about the benefits and features of their accounts. But if you’re shopping for a new account, it’s worth a critical read: you might find that some of these perks look more and more like the bare minimum. When a bank touts its industry-leading security and hugeRead More →