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Interest Rate

Inflation

UK Inflation Falls To 17-Month Low Of 6.8% But Unlikely To Derail Another Interest Rate Rise

The Office for National Statistics said the annual rate of inflation, as measured by the consumer price index, was 6.8 per cent in July, its lowest level since February 2022, the month Russia invaded Ukraine and sent energy...

16 August 2023

Credai

Housing Market To Remain Buoyant With RBI Keeping Key Interest Rate Unchanged: Realtors

The Reserve Bank of India (RBI) on Thursday decided to keep the repo rate unchanged at 6.5 per cent. Commenting on the development, CREDAI National President Boman Irani said, "... We expect both housing supply and demand to...

08 June 2023

Mahila Samman Savings Certificate 2023: How Does It Compare With Special FDs For Women?

The Mahila Samman Savings Scheme 2023 rates for women have been announced. Many banks offer special kind of fixed deposits (FDs) for women, offering them a special premium. Here’s a comparison

03 April 2023

Japan G7 Summit

Japan's Central Bank Retains Key Interest Rate While Fine-Tuning Bond Purchases For More Flexibility

The Bank of Japan said that extremely high uncertainties for the economy and prices required a more nimble approach than its previous policy

28 July 2023

Can Floating Rate Savings Bonds Offer Higher Yields In Future?

The interest rate on Floating Rate Savings Bonds (FRSB) is set to increase from the current 7.35 per cent to 8.05 per cent in July 2023. OLM takes a look at the historical returns to capture their future trends.

25 May 2023

Reserve Bank of India, RBI

RBI's MPC Begins Today, Analysts Expect A Moderate Rate Hike Of 25 Bps

RBI MPC: The meeting that will conclude on April 6, 2023 with RBI Governor Shaktikanta Das’ address, will see the MPC’s decision on key interest rate

03 April 2023

Senior Citizens Enjoy Enhanced Gains with the Higher Interest Rates Offered on Fixed Deposits

Senior Citizens Enjoy Enhanced Gains With The Higher Interest Rates Offered On Fixed Deposits

Nearly all leading banks and financial companies offer higher interest rates on FDs for senior citizens. Some banks may offer interest rates that are higher than the regular rates by 0.25%, while others may offer an...

15 June 2023

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real estate

Interest On A High, Yield On A Dip, Is Real Estate Losing Steam And Heading For A Life-Saving Drip?

Neither price appreciation, nor rental yield is impressive. The interest rate is continuously on the rise as is the equated monthly instalment. What lies in store for real estate investors?

20 February 2023

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16 February 2023
Floating Interest Rate Hikes: Are Fixed Rate Home Loans Better?

Floating Interest Rate Hikes: Are Fixed Rate Home Loans Better?

Many borrowers may be considering a fixed interest rate loan as the recurrent interest rate hikes in the repo rate-linked consumer loans pinch their pockets....


26 January 2023
Things To Keep In Mind While Going For A Credit Card Balance Transfer

Things To Keep In Mind While Going For A Credit Card Balance Transfer

Balance transfer on credit cards allows you to transfer the amount you owe on one card to another card. By doing this you actually end up paying for the first...


17 January 2023
58% Developers Expect Housing Prices To Increase In 2023, Says CREDAI Sentiment Survey

58% Developers Expect Housing Prices To Increase In 2023, Says CREDAI Sentiment Survey

About 62 per cent developers feel that buyer inquiries and engagements have increased in 2022 compared to 2021, according to a CREDAI survey


06 January 2023
Budget 2023: Real Estate Industry For Hike In Home Loan Interest Deduction Limit Under Section 24

Budget 2023: Real Estate Industry For Hike In Home Loan Interest Deduction Limit Under Section 24

The real estate industry has made several recommendations for Budget 2023. The most important ones call for increasing the deduction available on home loan...


28 November 2022
How To Activate Auto-Sweep Feature To Capitalise On High Bank Interest Rates

How To Activate Auto-Sweep Feature To Capitalise On High Bank Interest Rates

You can reap the benefits of high-interest rates currently offered by banks on fixed deposits (FDs) for various tenors through the auto-sweep feature


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25 November 2022
Back To Basics: All You Need to Know About Recurring Deposits

Back To Basics: All You Need to Know About Recurring Deposits

Recurring deposits are a safe and secure way to save over a fixed tenure and fetch a guaranteed return from your bank through small timely deposits each month....


24 October 2022
Banks Slash Interest Rates On Home, Personal Loans As Festive Offers; What’s The Fine Print?

Banks Slash Interest Rates On Home, Personal Loans As Festive Offers; What’s The Fine Print?

With banks continuing to slash interest rates on home as well as personal loans, it would certainly look tempting to go for that loan to fund your home...


16 October 2022
5 things to know about home improvement loans

5 things to know about home improvement loans

This Diwali, you may want to light up your home with a makeover. If you want to avail of a loan for this, read on to find more. 


14 October 2022
5 Strategies To Cope With High Home Loan EMIs

5 Strategies To Cope With High Home Loan EMIs

As banks continue to increase home loan rates and EMIs increase, here are some strategies for homebuyers to cope up


09 August 2022
How Rising Bond Yields Can Derail Government’s Fiscal Deficit Target

How Rising Bond Yields Can Derail Government’s Fiscal Deficit Target

With a target of maintaining a fiscal deficit at 6.4 per cent of the GDP for the current financial year, the government has a task at hand


02 August 2022
Guide To PPF Interest Rates And Taxation For New Investors

Guide To PPF Interest Rates And Taxation For New Investors

PPF interest rates are still attractive. New investors can find details about PPF rates, taxation, and its fungibility aspects here.


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23 July 2022
Russia's Central Bank Slashes Rate, Saying Inflation Slows

Russia's Central Bank Slashes Rate, Saying Inflation Slows

The bank lowered its key rate by 1.5 percentage points, to 8 per cent. It said inflation expectations have “significantly decreased," reaching spring 2021...


13 July 2022
Canada's Central Bank Raises Interest Rate A Full Point

Canada's Central Bank Raises Interest Rate A Full Point

Canada's central bank said it is raising its target interest rate by a full percentage point in an effort to fight inflation.


17 June 2022
Switzerland's Central Bank Hikes Interest Rate By 1/2 Percentage Points Amidst Inflation Fears

Switzerland's Central Bank Hikes Interest Rate By 1/2 Percentage Points Amidst Inflation Fears

The Swiss National Bank said the rate hike would take effect Friday. The Swiss franc, which is generally considered a stable currency, jumped against the euro...


16 June 2022
Explained: Just How High Is The Risk Of Another Recession

Explained: Just How High Is The Risk Of Another Recession

On Wednesday, the Fed stepped up its drive to tame inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three...


16 June 2022
Explained- This Is How A Higher Fed Rate Could Affect Your Finances

Explained- This Is How A Higher Fed Rate Could Affect Your Finances

Chair Jerome Powell hopes that by making borrowing more expensive, the Fed will succeed in cooling demand for homes, cars and other goods and services and slow...


16 June 2022
US Fed Hikes Interest Rate By 75 Basis Points, Highest Since 1994

US Fed Hikes Interest Rate By 75 Basis Points, Highest Since 1994

The Fed’s benchmark short-term rate, which affects many consumer and business loans, will now be pegged to a range of 1.5% to 1.75% — and Fed policymakers...


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