There is a break in the ECB’s monetary policy. The increase in interest rates is no longer conditional on the euro area central bank terminating the purchase of bonds. This approach can seriously widen the gap between rich and poor. The rich will be even richer and the poor even poorer. Such may be the … Read more
Jakarta, CNBC Indonesia – The trend of increasing global interest rates is currently taking place following the steps of the United States (US) central bank. However, a number of central banks chose to maintain, even cut interest rates to boost economic growth. There are at least 10 central banks that have so far kept their … Read more
Low interest rates have been the trend in recent years. However, the European Central Bank (ECB) is going to vary its monetary policy to try to contain inflation, and that will change the direction of the price of money. The first increase in eleven years by the central bank will not take place until next … Read more
Jakarta, CNBC Indonesia – The Central Bank of England (Bank of England / BoE) and the United States Central Bank (Federal Reserve / The Fed) are compact to raise their benchmark interest rates. The European Central Bank (ECB) has also decided to raise its benchmark interest rate next month. This has a huge impact on … Read more
Households in the United States appear to be increasingly in debt with personal loans, mortgages, student loans, and credit card balances. Skyrocketing inflation strains the pockets of working families while rising interest rates make financial freedom more difficult. The total credit card balance of Americans was $841 billion in the first quarter of 2022, according … Read more
Gold is portrayed as a safe haven in times of uncertainty and inflation in particular. This is how retailers offer it to small clients as well. In the last quarter, the price of gold fell by more than five percent. That cryptocurrencies are decliningwhen the world is gripped by nervousness from rising prices and interest … Read more
For new mortgages, Air Bank will offer an annual interest rate of 4.79 percent; for mortgages transferred from another bank, the client can get the rate as low as 4.59 percent. At the same time, the bank will increase the minimum rates on consumer loans in May. On Tuesday, May 3, 2022, Air Bank increases … Read more
The post-pandemic recovery has brought about a dramatic rise in prices around the world. The IMF now predicts that consumer prices will jump 8.7 percent this year in emerging and developing economies and 5.7 percent in advanced economies, the highest since 1984. The leaders of the International Monetary Fund (IMF) and the World Bank (WB) … Read more
The Federal Reserve last month raised interest rates by a quarter of a percentage point, the first interest rate increase in three years that immediately raised the cost of financing consumer loans and credit. Rates are currently between 0.25% and 0.5% as part of a step to reverse easing that the Federal Reserve put in … Read more
![Will there be further interest rate hikes, will interest rates on loans rise to 22.5 percent? Like interest-bearing loans now [28.03.2022]](https://d-art.ppstatic.pl/kadry/k/r/1/79/b7/622c78175df11_o_original.jpg "Will there be further interest rate hikes, will interest rates on loans rise to 22.5 percent? Like interest-bearing loans now [28.03.2022]")
The Polish Financial Supervision Authority, on the eve of the next meeting of the Monetary Policy Council in March, suggested to banks that when determining the creditworthiness of potential borrowers, they assume that interest rates may increase by 5%. Reference rate of 2.75% would then be 7.75 percent. What does this mean in practice for … Read more