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Interest Rates

Stay current with all the latest and breaking news from interest rates, compare headlines and perspectives between news sources on stories happening today. In total, 3,854 stories have been published about interest rates which Ground News has aggregated in the past 3 months.

Latest News Stories

Business

Govt keeps interest rates unchanged on small savings schemes for September quarter

Coverage: 2 sources
The interest rate on the five-year senior citizens' savings scheme will be retained at 7.4 per cent. The interest on the senior citizens' scheme is paid on a quarterly basis.See the Story
Interest Rates

Riksbank raises key rate to 0.75 percent — biggest rise since 2000

100% Right coverage: 1 sources
The Riksbank is raising the key rate by 50 basis points to 0.75 percent — the biggest rise in 22 years.See the Story
Interest Rates

Karnataka Bank Raises Deposit Interest Rates

100% Right coverage: 1 sources
Karnataka Bank has increased interest rates on its domestic and NRE rupee term deposits for amount below Rs 2 crore. The rate of interest for 1-2 years deposits will be 5.35 percent and above two years to five years, the rate will be5.50 percent. The above rates are effective from July 1 this year.See the Story
Business

Key Inflation Gauge Inches Down But Still Stuck at More Than Double Fed's Target

100% Right coverage: 1 sources
A key inflation gauge heavily relied on by the Federal Reserve when setting interest rates inched down in May but remained elevated near multi-decade highs at a level more than twice the central bank’s inflation target, suggesting the Fed’s fight to relieve price pressures will be drawn out. The Fed’s preferred inflation gauge, the so-called core Personal Consumption Expenditures (PCE) price index, rose by 4.See the Story
Inflation

Prices cut amid cooling housing market

100% Center coverage: 1 sources
Since mid-June, 25% of the homes on the market have had a price reduction. Higher interest rates make it more challenging for many buyers to qualify. Some buyers have been able to get homes under the list price, says Linda Leonard.Leonard says the leveling off of home prices makes for a healthier housing market.See the Story
Jerome Powell

Fed More Concerned About Inflation Than Recession

Coverage: 2 sources
Fed Chair Jerome Powell said he’s “more concerned about the risk of failing to stamp out high inflation than he was about the possibility of raising interest rates too high and pushing the economy into a recession,” the Wall Street Journal reports.Said Powell: “Is there a risk we would go too far? Certainly there’s a risk. The bigger mistake to make — let’s put it that way — would be to fail to restore price stability.”See the Story
Business

Australia’s Biggest Cities Lead Housing Slide As Rate Hikes Bite

100% Left coverage: 1 sources
(Bloomberg) -- Australia’s two biggest housing markets, Sydney and Melbourne, led a fall in home values during June as rising interest rates further choked buyer demand.Continue Reading. Read more on Business News by BloombergQuint.See the Story
Inflation

RH CEO Gary Friedman sounds the alarm on mortgage costs, rate hikes, and luxury-home sales - after invoking 'The Big Short' in a previous warning

100% Left coverage: 1 sources
RH CEO Gary Friedman issued a dire warning about raging inflation, bloated house prices, and rising interest rates earlier this year. Friedman compared the current economic uncertainty to a scene from "The Big Short" The luxury-furniture retailer's boss reiterated his concerns in a trading update on Wednesday. RH, formerly known as Restoration Hardware, suffered a 12% slump in its stock price on Thursday.See the Story

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