Bank rates

The Federal Reserve continues to push interest rates higher, sending the stock market into turmoil. After all, who should take the risk of stocks if you can safely earn interest on an FDIC-insured bank account or on Treasury bills, which are short-term IOUs directly from the government? In recent years,Read More →

Wheat WHEAT farmers said that despite projections of higher production this year, they are still struggling with several issues such as high interest charges and late payments by the Grain Marketing Board (GMB). In May, the Reserve Bank of Zimbabwe drastically revised its interest policy, which pushed interest rates toRead More →

SRINAGAR: In its latest report, the World Bank rated progress in the implementation of the Rs 1,500 crore Jehlum Tawi Flood Recovery Project funded by it in Jammu and Kashmir as “moderately satisfactory”. The documents reveal that the multilateral financial institution has rated the current progress of project implementation asRead More →

World Bank rates progress of Rs 1500 Cr JTFR project as unsatisfactory Srinagar, July 26: In its latest report, the World Bank has rated progress in the implementation of the Jehlum Tawi Flood Recovery Project funded by it in Jammu and Kashmir of Rs 1,500 crore as moderately satisfactory. “CurrentRead More →

In its latest report, the World Bank rated the implementation progress of the Rs 1,500 crore “Jehlum Tawi” flood recovery project financed by it in Jammu and Kashmir as “moderately satisfactory”. The documents reveal that the multilateral financial institution has rated the current progress of project implementation as “moderately satisfactory”.Read More →

LONDON — Bank of England policymaker Michael Saunders, who has backed a bigger interest rate hike than most of his colleagues, said the bank rate could hit 2% or more over the course of next year to dampen inflation expectations after the recent price spike. The BoE has hiked ratesRead More →

The regular Muleshoe Town Council meeting was held at 5:30 p.m. on Monday, July 11 at Town Hall. Members present were Mayor Colt Ellis and Members Gary Parker, Lupe Mendoza and Crystal Alercon. Pro-Tem Mayor Earl Behrends was absent. The Council opened the meeting to receive public comment on theRead More →

State Government. demands ‘largely met’ to improve disaster and climate resilience, report says State Government. demands ‘largely met’ to improve disaster and climate resilience, report says The World Bank has rated the first phase of the Kerala Reconstruction Development Program (RKDP) – Kerala’s first resilient program – as “satisfactory”. TheRead More →

The National Chairman of National Apex of Nigerian Farmers Cooperative Societies (NIFACOS), Chief Uzoma Nwaogwugwu, described the low funding of recognized cooperative societies and high bank interest rates as major challenges facing Nigerian farmers, who at their turn threaten the country’s economy. Nwaogwugwu therefore called on the federal government toRead More →

Ten banks and five non-banking financial institutions (NBFIs) have been certified on the basis of certain criteria, in the “Sustainability Rating 2021” of the Bangladesh Bank. This is the second time Bangladesh Bank has issued this rating. Four banks that were rated last year were removed from this year’s rating,Read More →

With the change in the Reserve Bank of India (RBI) repo rate, the interest rates of other banks also change. Right after the announcement of the repo rate increase by RBI last week, many government, public and private banks raised their interest rates. In such a situation, it becomes difficultRead More →

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The Rivers State government has launched the state COVID-19 Action Recovery and Economic Stimulus (RIV-CARES) program.State Governor Chief Nyesom Wike conducted the launch at the NBA Secretariat in Port Harcourt yesterday.Speaking through his Deputy, Dr Ipalibo Harry Banigo, the Governor said the program aims to mitigate the impact of theRead More →

There are expectations in the money market that interbank rates will move in mixed directions amid a marginal inflow of maturing bills. In the new week, dealers said the Open Market Operation (OMO) worth N30 billion will mature through the secondary market and Nigerian Treasury Bills (NTB) worth of 25.94Read More →

CENTRAL bank governors play the crucial role of guiding economies. They are the main advisers to governments on monetary and even budgetary policy. That is why democracies around the world give them the opportunity to work without undue political pressure. It has been shown that, like the media and theRead More →

Egypt raised several interest rates again today. The Central Bank of Egypt raised its overnight deposit rate, overnight lending rate and principal transaction rate by 2% each to 11.25%, 12.25% and 11, 75%, respectively, according to a statement. What is that? A bank’s deposit rate refers to the interest rateRead More →

Hannelore Foerster/Getty Images News By Teunis Brosens, Chief Economist, Digital Finance and Regulation; Maureen Schuller, Head of Financial Sector Strategy; Suvi Platerink Kosonen, Senior Sector Strategist, Finance The era of ultra-low bank lending rates is over. Rate hike and tightening loan approval criteria add to the economic headwinds in theRead More →

India’s central bank raised its key rate in a surprise move on Wednesday amid fears of ‘shock’ inflation figures for April, a person familiar with the matter said, adding that the ultimate goal was to reverse its regime ultra-lax rates in the pandemic era. The Reserve Bank of India (RBI)Read More →

Douglas Rissing/Getty Images/iStockphoto Federal Reserve Chairman Jerome Powell reiterated that aggressive rate hikes will need to be implemented and that a half-percentage-point interest rate hike could likely take place at the next meeting. from the Fed in May. Read: 9 bills you should never put on automatic paymentLearn: 6 badRead More →

NPA pursues a 25-year port master planThe World Bank has named Nigeria’s port concession model the best in Africa. A team of experts from the World Bank, Nigeria Office on a working visit to the Nigerian Ports Authority (NPA) Headquarters in Lagos, assured that the group will continue to partnerRead More →

…says 71 million NINs have been issued for The World Bank has described overall progress in the implementation of the Nigeria Digital Identification for Development (ID4D) project as unsatisfactory. That’s even when he revealed that the country had only increased the number of National Identification Numbers (NINs) issued by 34Read 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 reading critically: you might find that some of these perks are looking more and more like the bare minimum. When a bank touts its state-of-the-art security and hugeRead More →