A replay of February in the Reserve Bank interest rate decision yesterday with no change as the cash rate was left at 4.25% and the reasoning much the same. The Economy: No Change In The Economy Means No Change In Rates
Bernie, AOC Setting Stage for House of (Credit) Cards re: Bernie and aoc introduce bill capping credit card interest rates/ payday loans at 15% Posted by Tchefuncte Tiger on 5/9/19 at 12:41 pm to HailHailtoMichigan! I actually have no problem with this. However, don’t complain (or cry "racism") when requirements for cards and loans are strengthened and folks are denied credit.Former master commissioner’s employee indicted in theft of $126,000 Crunch time looming for interest-only borrowers Expat guide to renting out your UK home Renting out your UK home is something that many people do. There is a way to go about it. Many people rent them out rather than sell them when they leave the country and move abroad. This is a good way to provide income. But, there are many different costs to factor in when doing [.]In the pre-crash boom, customers were able to borrow on an interest-only basis without showing how the debt would be repaid. Then the credit crunch. only borrowers had no repayment plan in place..A former employee of the Pike County Master Commissioner’s Office was sentenced Thursday for stealing money from the office. 47-year-old Linda Chaney, of Georgetown, was sentenced to three years in prison for stealing more than $126,000, and forging checks from the master commissioner’s office.
7 days ago · A review of things you need to know before you go home on Tuesday; some key rate cuts, house inflation reviving, bank reputations improve, ugly Fonterra drop, swaps firm, NZD stable, & more
The “hawkish cut” and Fed’s lack of a clear-cut projection likely served to taper market expectations, which had priced in an additional three rate cuts before the July meeting. Despite the Fed’s cautious stance, many FocusEconomics panelists continue to foresee more rate cuts ahead, however.
Washington | Judy Shelton, President Donald Trump’s intended nominee to fill an open seat on the Federal Reserve Board, is calling for a large interest rate. cut, citing weak economic conditions.
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The Reserve Bank of Australia (RBA) cut its key rate to 2.5% from 2.75%. The decision to make monetary policy more expansionary came a short while after the Australian government cut its GDP growth forecasts and warned that unemployment in the country could rise amid a slowdown in output and business investment.
WASHINGTON – The Federal Reserve reduced the benchmark interest rate Wednesday for the first time in more than a decade, lowering the rate by a quarter-point in an effort to bolster the U.S.
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In June, the Reserve Bank broke the interest rate change drought, and dropped the cash rate to 1.25 per cent. The RBA followed that up by another 0.25 percentage point rate cut in July. Why? The.
Photo: Steve Dykes/ Getty Images. The Reserve Bank of Australia has cut the official cash rate to 1.75%, an historic low. In the accompanying monetary policy statement, the board presented a mixed.
Add in an inflation reading of zero in the March quarter and a plunge in annual GDP to just 2.3 per cent, and there are some pretty compelling reasons to cut interest rates right now.
Judy Shelton, President Trump’s intended nominee to fill an open seat on the Federal Reserve Board, is calling for a large interest-rate. a deeper cut, citing weak economic conditions overseas. “I.