The Bank of England has maintained its interest rate at 5%, contrasting with the US Federal Reserve’s rate cut to 4.8%.
The Federal Reserve granted the market its wish and lowered its benchmark federal funds rate by 50 basis points.
Borrowing rates have already fallen in anticipation of a deeper cut in rates. The average 30-year mortgage rate dropped to ...
The US central bank slashed borrowing costs for the first time in four years, which experts said could help stabilize the ...
THE latest decision of the United States Federal Reserve to reduce policy rates by 50 basis points (bps) may prompt the Bangko Sentral ng Pilipinas (BSP) to implement larger rate cuts. In its latest ...
The central bank’s action lowered its key rate to roughly 4.8%, down from a two-decade high of 5.3%, where it had stood for ...
For the first time in more than four years, the Federal Reserve cut its key interest rate Wednesday. The move is good news for buyers who can qualify for a mortgage. But the ultimate impact on South ...
Banks and building societies are lowering their mortgage rates even though the Bank of England voted to hold the base ...