Borrowing rates

IMF calls on Bangladesh to remove ceilings on lending and borrowing rates to fuel credit flows

The International Monetary Fund (IMF) suggests that Bangladesh phase out ceilings on lending and borrowing rates in order to strengthen monetary transmission as a cornerstone of the economic recovery process. “Limits on lending and borrowing rates limit policy space and should be phased out to strengthen market-based pricing, improve credit allocation and money transmission,” said […]

Borrowing rates

The IMF for the gradual elimination of ceilings on borrowing rates

The US-based multinational lender, the International Monetary Fund, has suggested that the central bank gradually remove the caps on lending and borrowing rates, saying the practice limits policy space. He also suggested greater exchange rate flexibility as well as safeguarding foreign exchange reserves as this will help cushion external shocks. The cap on lending rates […]

Borrowing rates

Lower Mortgage Loans: Some loan rates are actually getting cheaper. But for how long ?

Welcome to Mortgage Rundown, a quick look at what’s happening in Canada’s mortgage rate landscape from a mortgage strategist Robert mclister. Where are these higher rates? Fixed mortgage rates were now supposed to be higher. The popular rhetoric was that a recovery-driven recovery would increase bond yields and mortgage costs by this fall. If you’re […]

Borrowing rates

BSP cuts lending rates to new all-time low of 2%

Metro Manila (CNN Philippines, November 19) – The Bangko Sentral ng Pilipinas on Thursday triggered another drop in interest rates to an all-time low of 2%, hoping that lower borrowing costs will support an economic rebound. The Monetary Board cut the policy rate by 25 basis points, now the lowest on record as the Philippine […]

Borrowing rates

The Big 4 banks “constantly, continuously and always” revise lending rates after the big drop in Kiwibank’s variable rates

Kiwibank last week cut its variable and floating mortgage rates by 100 basis points, including real estate loans, variable business loans, revolving business loans and corporate overdraft rates. The move cuts the floating rate on Kiwibank’s home loans to 3.40%, more than 100 basis points lower than the carded or advertised floating rates offered by […]

Borrowing rates

Nexo cuts lending rates to 5.9% APR after securing profitable institutional financing

LONDON–(COMMERCIAL THREAD) –Nexo, the leading crypto lending institution, is happy to announce that after securing profitable long-term financing, it has significantly lowered the rates of its signing Instant crypto lines of credit for the benefit of its customers, effectively offering one of the lowest APR (Annual Percentage Rate) in the blockchain space: APR on Nexo […]

Borrowing rates

Rise in bank lending rates

At least one local bank will raise prime rates on residential mortgages starting Friday in response to the U.S. Federal Reserve’s announcement on Wednesday that it would raise a key interest rate. According to the Associated Press, the US central bank has announced that it will increase its key rate from 0.5% to 0.75%. The […]