Latest News for: Rate rises

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Will savings account interest rate rise to 4% after RBI's push? Focus on MPC

The Economic Times 07 Dec 2023
These rates ... Will the central bank push lead to an overall rise in interest rate on saving bank account? .
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Yen leaps to three-month high as traders bet on BoJ rate rise

Financial Times 07 Dec 2023
Central bank governor Kazuo Ueda fuels speculation of end to negative rates with comments to parliament ....
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Five million mortgage borrowers face their monthly repayments rising by £240, the Bank of England...

The Daily Mail 07 Dec 2023
The report highlighted that while households had so far proved 'resilient' in coping with rising rates, many on fixed term deals had not yet felt the full force of higher borrowing costs. However it suggested the impact of higher interest rates on the most badly affected now looks slightly less severe than previously thought.
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Five million mortgage borrowers face their monthly repayments rising by �240, the Bank of England warns

This is Money 07 Dec 2023
The report highlighted that while households had so far proved 'resilient' in coping with rising rates, many on fixed term deals had not yet felt the full force of higher borrowing costs. However it suggested the impact of higher interest rates on the most badly affected now looks slightly less severe than previously thought.
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Growth of new business and output accelerate in November

The Peninsula 07 Dec 2023
Moreover, the rates of expansion in output and new business accelerated since October ... “The rise in the headline PMI is welcome news towards the end of 2023, reflecting faster rates of expansion in both new business and output ... “November’s rise in outstanding business, the first in over a year, suggests that companies are increasingly busy.
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Will a fiscal mess thwart Japan’s nascent economic growth?

Economist 07 Dec 2023
With nominal growth of 3%, Goldman’s analysts think that interest rates could rise as high as 2.1% without threatening the public finances.\nEven if the public finances are not imperilled, the bill from greater interest payments will mount, putting policymakers under pressure ... In time, though, rising interest payments may force their hand.
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TV Licence fee will increase by £10 next year to £169 in blow to BBC ...

The Daily Mail 07 Dec 2023
The TV Licence fee is set to increase by £10 next year to £169 in a blow to the BBC as Rishi Sunak puts a stop on the broadcaster's bosses' demands for a £15 rise ... The Government also hinted that the method to calculate the inflation-linked fee would be adjusted to match more recent and lower inflation rates, the Sun reported.
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DAX Index: Will it Break 17,000 Amidst ECB and Fed Influences?

FX Empire 07 Dec 2023
Following a 0.78% rise on Tuesday, the DAX ended the Monday session at 16,656 ... Rising bets on interest rate cuts and falling government bond yields drove buyer demand for auto and tech stocks ... Downward revisions would support a less hawkish ECB rate path ... A larger-than-expected rise in initial jobless claims would raise bets on a Q1 2024 Fed rate cut.
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US oil prices slide below $70 a barrel; mixed day for global stocks

Tyler Morning Telegraph 07 Dec 2023
... to counter rising US production ... Shanghai fell, with sentiment dented after Moody's on Tuesday warned it had downgraded its outlook for China's credit rating owing to the country's rising debt levels and concerns over its battered property sector.- Key figures around 2140 GMT -.
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The steepest mortgage-rate plunge since 2008 is boosting homebuilder stocks to fresh highs

Business Insider 07 Dec 2023
Jenn Austin-Driver/Getty Images Homebuilder stocks notched fresh highs as mortgage rates saw their biggest plunge in 15 years ... But lower mortgage rates are expected to unlock more housing inventory ... The 30-year fixed rate is likely to fall to just 6.6% by the end of 2024, Redfin predicted, which will allow home sales to rise 5%.
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Stock market today: Wall Street opens higher after a 3-day losing streak

Courier Express 07 Dec 2023
The S&P 500 was 0.5% higher in early trading and roughly split between stocks rising and falling ... Much of Wall Street’s recent rally has been because of rising hopes that the Federal Reserve is finally done with its barrage of hikes to interest rates, which are meant to get high inflation under control.
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Stock market today: Wall Street drifts higher ahead of a highly anticipated jobs report

The Daily Star 07 Dec 2023
The S&P 500 was 0.5% higher in early trading and roughly split between stocks rising and falling ... Much of Wall Street’s recent rally has been because of rising hopes that the Federal Reserve is finally done with its barrage of hikes to interest rates, which are meant to get high inflation under control.
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Household costs forecast to rise $70 a week on average next year - ASB report

RNZ 07 Dec 2023
Household costs are expected to rise $70 a week on average next year as high interest rates and prices keep the pressure on budgets, an ASB Bank report estimates ... squeeze on their finances the most, which would be added to by rising costs of services such as rates and insurance.
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Financial soundness of savings banks under scrutiny over rise in delinquency rates

Korea Times 07 Dec 2023
Specifically, the delinquency rate of individual business loans is rising rapidly, which stood at 5.17 percent in the first quarter, 6.35 percent in the second quarter and 7.49 percent in the third quarter ... Seeing the delinquency rates rising, savings banks have also been trying to keep a tighter lid on the amount of loans being given out.

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