Private sector lender IDFC First Bank raised interest rates on term deposits and savings accounts. According to the bank’s official website, the new rates are effective from 10/10/2022. Following the adjustment, the bank raised the interest rate on term deposits maturing between 501 and 750 days by up to 35 basis points. IDFC First Bank will now offer a maximum interest rate of 6.25% on savings accounts.
A sharp about-face by President Xi Jinping suggests China is in crisis mode as rising interest rates pose a serious threat to its economy. In the years leading up to the pandemic, Chinese President Xi Jinping warned that the global economy was facing challenges and that a Black Swan event posed a serious risk to […]
Amid rising interest rates in the country following recent RBI repo rate hikes and rising property prices, home sales in seven major cities have seen a moderation of 15% in the June 2022 quarter to 84,930 units, compared to 99,550 units in the March 2022 quarter, according to a report by real estate consultancy Anarock. […]
The US central bank has announced that it will raise interest rates next year, which could curb the surge in Colorado’s real estate market. Home prices have hit record highs across the state throughout the pandemic due to lower interest rates and a lack of homes for sale. The Federal Reserve recently signaled its intention […]