Four members – Jon Cunliffe, Megan Greene, Jonathan Haskel and Catherine Mann – voted to raise rates to 5.5 per cent. It was the first time since December 2021 that the BoE did not increase borrowing costs. “There are increasing signs of some impact of tighter monetary policy…
Read MoreSome UAE banks have introduced marginal increases to interest rates on outstanding balances and on financial charges for credit cards, said Anita Yadav, the CEO of Global Credit Advisory. Monthly rates on balances have gone up from 2.5-3 per cent in 2022 to 3.25-3.85 per cent. “Banks may…
Read MoreWashington: Analysts expect the US Federal Reserve to pause interest rate hikes on Wednesday as the central bank looks to tame inflation while avoiding a recession, despite a recent energy-fueled rise in consumer prices. After 11 interest rate hikes since March last year, inflation has fallen sharply but…
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