Tag Archives: interest

Lend Money, Earn Interest? Not Easy in Europe’s Loan Market

(Bloomberg) — For investors still waiting for the first interest payment on the leveraged loan they joined, there may be a glimmer of hope. The Loan Market Association, an industry body, is preparing to publish guidelines aimed at speeding up the settlement process and making the European leveraged loan market more efficient. “We are in the final stages of drawing ... Read More »

UK interest rates stay steady at record low of 0.25%

A Bank of England’s monetary policy committee voted 7-2 in favour of holding interest rates steady. Photograph: Alicia Canter for the Guardian The Bank of England left interest rates on hold at their record low of 0.25% amid sluggish pay growth and a squeeze on household spending, while hinting that a rise may come sooner than expected. The Bank’s monetary policy ... Read More »

HDFC Bank cuts savings account interest rate by 50 bps: As rates fall, it’s time you shift to liquid funds

HDFC Bank on Thursday announced slashing interest rate on savings accounts starting this Saturday, joining a spate of banks who underwent the similar exercise in recent weeks. According to the bank, customers who maintain a savings bank account balance of Rs 50 lakh and above will continue to earn interest rate at 4 percent per annum. Similarly, customers having a ... Read More »

Bank of England: pay figures will fuel raging interest rate debate

Bank of England may be amenable to higher rates of interest. Photograph: Hannah Mckay/Reuters There is more fuel for the raging debate around UK interest rates this week, with official figures on pay growth out on Wednesday. Investors and policymakers alike are looking for any signs that a tight labour market can translate into faster pay growth, a trend that ... Read More »

Yellen: Fed interest rate hike may be ‘appropriate’

US Federal Reserve chair, Janet Yellen, has said it may be “appropriate” for the central bank to raise interest rates at one of its upcoming meetings. The bank’s next meeting on monetary policy is on March 14 and 15. Speaking to Congress she said delaying rate hikes would be “unwise”, and could leave the Fed having to move too fast ... Read More »

Big business players taking keen interest in Assam: Sarbananda Sonowal

Assam Chief Minister Sarbananda Sonowal on Saturday said big business players are taking a keen interest in the state as the government is making all out efforts to create an investor-friendly environment. “Employment generation is the top priority of the government but industrialisation will not be encouraged at the cost of environment and all measures would be taken to maintain ... Read More »

US raises key interest rate by 0.25% on strengthening economy

The US Federal Reserve has raised its benchmark interest rate by 0.25%, only the second increase in a decade. The central bank voted unanimously to raise the key rate to a range of 0.5% to 0.75%, citing a stronger economic growth and rising employment. But the central bank said it expected the economy to need only “gradual” increases in the ... Read More »

UK interest rates left unchanged at 0.25%

The Bank of England has left its main interest rate at 0.25% but says another cut is still a possibility. The decision of the Monetary Policy Committee (MPC) to leave rates at their new, historically low, level was no surprise. Last month the Bank halved its bank rate from 0.5% as it tried to ensure the stability of the UK’s ... Read More »

No rush to raise interest rates, says Fed official

There is no rush to raise interest rates, a Federal Reserve board member has said a week before the US central bank announces its latest decision. Economic weakness “counsels prudence”, said Lael Brainard, a member of the Fed’s Open Market Committee, which decides interest rates. Her comments come after several Fed officials recently suggested a rate rise this month should ... Read More »

Allianz can weather long-lasting low interest rates

Europe’s biggest insurer Allianz has positioned its business to weather rock-bottom interest rates that could last a “very long time”, the head of the German group’s life insurance division told German media. While returns on life products offered a 4 percent guaranteed interest rate 15 years ago, ultra-low central bank rates have put pressure on the insurer to restructure its ... Read More »