The Latest Breaking News from Interest Rates

A government-ordered review of the Reserve Bank — the first in more than a generation — is expected to ask searching questions of our key financial institution. The leadership of the central bank, the composition of its board, missed targets and broken promises are all elements under examination.

MUMBAI: As banks' chase for customers to collect cheap deposits is not fructifying, they are forced to offer inflation-beating real interest rates on fixed deposits now, and state-run banks led by Punjab Sind Bank top the chart offering a cool 8-8.50 per cent per annum.

The world economy in the first quarter of 2023, especially in January, seems to be defying gravity. The US labour market and retail sales figures have been much better than expected, while inflation is showing signs of a slower-than-expected slowdown.

While the banks have been quick to pass on RBA’s every cash rate increase, they have not matched all the decreases since June 2019

The Federal Reserve’s preferred inflation gauges unexpectedly accelerated in January and consumer spending surged after a year-end slump, adding pressure on policymakers to keep ratcheting up interest rates.

Can the Federal Reserve keep raising interest rates and defeat the nation’s worst bout of inflation in 40 years without causing a recession

Although inflation reduced significantly from its peak, it remains far off the Fed’s target. The sequential increase in inflation and hotter-than-expected jobs report last month could compel policymakers to raise interest rates higher than previously expected until it achieves its 2% inflation target. Since it may not be easy for…

The Federal Reserve’s preferred inflation gauge ticked higher in January, a sign that price pressures remain entrenched in the U.S. economy and could lead the Fed to keep raising interest rates well into this year

With most of the world open for leisure travel, the aviation industry is breathing a sigh of relief as globetrotters get set to take off.