Month: March 2022

As central banks sought to help economies through a succession of crises by making it costly to hoard liquidity rather than use it, investors quickly found themselves paying many countries – and even some companies – to take their money. Savers have complained that the end of the practice of charging borrowers interest is depriving […]

At a March 21 council meeting, Mayor Cathy Heron said the city will need to continue to monitor the impacts resulting from the rate increase. According to the city, a hike in the borrowing rates the province sets for municipalities could mean St. Albert will need more taxpayer money to continue its capital projects. In […]

The government has issued around $360 billion in debt since the pandemic hit in March 2020, taking advantage of very cheap borrowing costs of around 1% and extending the average duration of its borrowing to more than seven years, compared to five years. The projected $1.2 trillion in public debt will have to be refinanced […]

Homeowners who sign up for new capital release plans can now make voluntary, penalty-free partial repayments to help lower borrowing costs. This feature is already part of some end-of-life loan plans. However, under new guidelines introduced today, it will become a mandatory part of all products offered in this sector. Indeed, […]

SIphotography/iStock via Getty Images Citing Fed Chairman Powell’s recent inflationary warning, Goldman Sachs predicts that the US central bank will raise key rates by half a percent at its May and June meetings. the the last time the US Fed hiked half a percent was in May 2000, and the recession began ten months later. […]

The federal government’s massive debt due to pandemic emergency spending could double over the next few decades as borrowing costs rise and spending costs soar. Key points: Stephen Anthony warns debt bill could double to $1.7 trillion by 2032-33 to fund major spending But the treasurer maintains that the debt is manageable Mr Anthony says […]

PETALING JAYA: While it may be normal for a government to raise the debt ceiling, the danger lies in possible downgrades by international rating agencies. Economists also say the higher ratio of debt to gross domestic product (GDP) will make economic growth more difficult and more vulnerable to economic crises. Dr. Yeah Kim Leng, Professor […]

WASHINGTON — Average long-term U.S. mortgage rates rose this week, with the key 30-year loan above 4% for the first time since May 2019. The increase came amid expectations that with inflation at its highest level in four decades, the Federal Reserve would raise its benchmark short-term interest rate at its policy meeting this week. […]

There was open debate ahead of Wednesday’s Fed meeting over whether the central bank should start raising rates from near zero with a traditional quarter-percentage-point increase. or a larger move of half a percentage point. The economic and financial uncertainty posed by Moscow’s invasion of Ukraine three weeks ago seemed to put an end to […]

The Bank of England is almost certain to raise borrowing costs on Thursday, nearly all economists polled by Reuters said, marking the third consecutive meeting where it has raised the bank rate as it continues its exit from the pandemic support. Like most central banks, the BoE slashed interest rates to a record low as […]

Mumbai: The Reserve Bank of India’s status quo on interest rates is becoming increasingly irrelevant, with term premia – the difference between the policy repo rate and the yield on long-term benchmark bonds – reaching a peak in 12 years. The premium is nearly 3%, the highest since 2010. This is driving up borrowing costs […]