Interest rates

ICICI Bank revises fixed deposit (FD) interest rates: check the latest rates here

After HDFC Bank, SBI and Canara Bank, ICICI Bank has now followed suit and revised interest rates on its term deposits. The new FD interest rates will take effect from January 20, 2022. According to the bank’s website, ICICI Bank now offers an interest rate of 2.50% on deposits with a maturity of 7 to […]

Interest rates

Don’t Panic About Interest Rates

The panic of the day is the interest rate news. The headlines (correctly) indicate that rates have risen sharply in recent days. They (correctly) state that the stock fell, noting that this fact is due to this increase (which is possibly but not necessarily true). And they state (wrongly, I believe) that higher rates will […]

Interest rates

Mortgage bills are set to rise if the Bank of England raises interest rates after UK inflation soars to 5.4%

Homeowners will be hit by rising mortgage bills if the Bank of England heeds calls from economists to raise interest rates to tackle soaring prices of daily consumer goods. The UK’s national bank is facing pressure to raise interest rates at a faster pace than expected to help counter soaring inflation. UK inflation jumped to […]

Interest rates

Rising interest rates are beset with dangers

As all the focus in Westminster is on the latest revelations, the story that affects people’s lives the most is the recovery from the pandemic. Last week we learned that the UK economy had returned to its pre-pandemic size. As the Chancellor said, it depends on the courage and determination of the British people. But […]

Interest rates

VIX soars as interest rates and oil prices rise

Getty Images Getty Images Key points to remember: Stocks fall on rising interest rates and oil prices plus a rare Goldman Sachs failure GS Monday merger drops to Tuesday after extended bank holiday weekend Investors are forced to reassess valuations when interest rates rise Rising interest rates and oil prices, with some failures from big […]

Interest rates

UK faces wage squeeze – and higher interest rates look likely | Economy

A quick look at the latest labor market numbers suggests the economy was in good shape heading into the end of 2021. In the three months to November, employment increased by 60,000 and the unemployment rate fell 0.4 percentage points in the quarter to 4.1%. The layoff rate has fallen to a record low, revealing […]

Interest rates

Buy a new car? Find out the latest interest rates on loans offered by the best banks

Buy a new car? Find out the latest interest rates on loans offered by the best banks Buying a new car is definitely one of the greatest joys in the world. And buying a car would probably be the second most expensive purchase a person will make in their lifetime right after buying a house. […]

Interest rates

Don’t Raise Interest Rates, Chinese Xi Tells West

But the most eye-catching part of Mr. Xi’s speech was his discussion of inflation risks. Even after acknowledging the supply chain crisis, high commodity prices and tight energy markets, he called on Western central banks to remain cautious. “If major economies slow down or reverse course in their monetary policies, there will be serious fallout […]

Interest rates

Canara Bank revises interest rates on fixed deposits of less than Rs. 2 Cr

Canara Bank Interest rates on fixed deposits for non-senior citizens Canara Bank is offering an interest rate of 2.90% on deposits of less than Rs. 2 crore maturing in 7 days to 45 days for the general public from 17 January 2022. Deposits maturing in 46 days to 90 days and 91 days to 179 […]

Interest rates

Global debt in a race against rising interest rates – Noelle Micallef

Global corporate bond issuance reached a record pace in the first week of the year. As of Jan. 7, global companies have raised more than $100 billion in bonds as financiers scramble to lock in low borrowing costs ahead of an expected rise in benchmark interest rates. While the rush at the start of January […]