Articles for Cent Interest

Apex Court Sets Aside Interest Rate Cap On Late Credit Card Bill Payments
Trending News
2 days, 17 hours ago

Apex Court Sets Aside Interest Rate Cap On Late Credit Card Bill Payments

ABP News  

The Supreme Court on Friday set aside an order from the National Consumer Disputes Redressal Commission regarding interest rates on late credit card bill payments. The court ruled that interest rates will not be capped at 30 per cent per annum for late bill payments related to credit cards. Notably, the NCDRC earlier in 2008 ruled that levying more than …

Credit Interest Rates Card Rate Rbi Ncdrc Court Sets
Mortgage rates below 4% disappear: Why are they going up as interest rates fall?
1 month, 1 week ago

Mortgage rates below 4% disappear: Why are they going up as interest rates fall?

Daily Mail  

Mortgage rates continue to rise despite the Bank of England cutting interest rates last week. Going up: Mortgage rates are rising because markets now think interest rates will stay higher for longer, with inflation also forecast to remain higher than previously expected Only a couple of months ago, there were more than a dozen banks offering sub-4 per cent rates. …

England Budget Bank Interest Rates Cent Base Higher
The great New Zealand rate hike experiment and where it all went wrong
2 months, 3 weeks ago

The great New Zealand rate hike experiment and where it all went wrong

ABC  

You have to hand it to the Kiwis. In NZ, interest rates have started to fall Photo shows Skyscapers make up a very business end of town skyline As Australian mortgage holders wait for relief, the Reserve Bank of New Zealand cuts rates and green shoots emerge in the housing market. RBA keeps interest rates at 4.35pc Photo shows Reserve …

Economy Inflation New Zealand Interest Rates Interest Cent Rate
When will interest rates go down? Here's what you need to know ahead of today's RBA meeting
3 months ago

When will interest rates go down? Here's what you need to know ahead of today's RBA meeting

ABC  

The Reserve Bank of Australia board will announce its September cash rate decision on Tuesday at 2:30pm AEST. But when the RBA changes the cash rate target, interest rates for mortgages don't automatically change — the banks decide that. Ms Mousina says economic data since the RBA's last meeting shows: wages growth slowing job growth remaining solid the unemployment rate …

Interest Rates Cent Rate Cut Rates Meeting Rba
These numbers are the clues to the Reserve Bank's puzzle: when will interest rates go down?
3 months ago

These numbers are the clues to the Reserve Bank's puzzle: when will interest rates go down?

ABC  

Perhaps no question matters more to Australians worn down by three years of relentless cost pressures: when will the Reserve Bank cut interest rates? But not too much – which is why when inflation shoots high, the Reserve Bank raises interest rates to suppress demand by making it more expensive to borrow and spend. But the Reserve Bank prefers a …

Inflation Jobs Bank Interest Rates Price Demand Way
Donald Trump and Kamala Harris go quiet on America's biggest economic issue
3 months, 3 weeks ago

Donald Trump and Kamala Harris go quiet on America's biggest economic issue

ABC  

Guitar virtuoso and social satirist the late Frank Zappa once labelled American politics "the entertainment division of the military industrial complex". During Greece's financial crisis, its debt to GDP level was flashing red at 140 per cent. Its debt to GDP level was flashing red at 140 per cent, sparking what many believed would be the onset of an economic …

Financial Tax Inflation Trump Debt Interest Rates Interest
House prices fell in March. Here’s why that shouldn’t surprise us
8 months, 3 weeks ago

House prices fell in March. Here’s why that shouldn’t surprise us

The Independent  

After showing some modest signs of life, Britain’s maddening housing market decided to resume its sulk in March. The Nationwide Building Society’s latest index showed a modest year-on-year rise of 1.6 per cent but a seasonally adjusted month-on-month fall of 0.2 per cent when compared to February’s prices. The latest positive news came from the British Retail Consortium, which said …

Market House Cent Rate Moneyfacts Prices Fell
What are the alternatives to using interest rates to tackle inflation? We put your questions to economist Saul Eslake
10 months, 3 weeks ago

What are the alternatives to using interest rates to tackle inflation? We put your questions to economist Saul Eslake

ABC  

Daniel Wigg doesn't drink alcohol anymore. "Although, like interest rates, it would leave older people unscathed," Mr Eslake said. Saul Eslake says lifting income tax was a common way of responding to high inflation in the 1950s and 60s, but "no government would want to do that now". Mr Eslake also said interest rates were kept "too low for too …

Inflation Income Tax Interest Rates Interest Covid Cent Rates
HDFC Bank Q2 Results: Net Profit Jumps 50% To Rs 15,976 Crore, Check Details
1 year, 2 months ago

HDFC Bank Q2 Results: Net Profit Jumps 50% To Rs 15,976 Crore, Check Details

News 18  

HDFC Bank, India’s largest private sector bank, on Monday reported a 50 per cent year-on-year jump in its net profit to Rs 15,976.11 crore for the July-September 2023 quarter. HDFC Bank’s net interest income — interest earned less interest expended — jumped 30.3 per cent to Rs 27,385 crore during the quarter ended September 30, 2023. HDFC Bank’s CASA deposits …

Cent 2023 Hdfc Bank Hdfc Net Profit Results Net Crore Check
What the interest rate rise means for your mortgage and savings: Bank of England ups base rate to 5.25% - here's how it will affect you
1 year, 4 months ago

What the interest rate rise means for your mortgage and savings: Bank of England ups base rate to 5.25% - here's how it will affect you

Daily Mail  

The Bank of England has increased its base rate by 0.25 percentage points to 5.25 per cent, in the latest attempt by the Monetary Policy Committee to bring down inflation. Battle against inflation: The Bank of England has been increasing its base rate since December 2021 - and fixed mortgage rates have gone up too This is because, in recent …

England Savings Inflation Money Bank Mortgage Interest Rates
Rupee under threat from rising interest rates in U.S., Europe? There may be a way out
1 year, 4 months ago

Rupee under threat from rising interest rates in U.S., Europe? There may be a way out

India Today  

Indians bear the brunt of high prices both directly and indirectly. However, if prices grow in advanced economies, their central banks raise interest rates and that strengthens the dollar or their currencies and weakens the rupee, eventually. On the other hand, the European Central Bank raised interest rates nine times from zero per cent in January 2022 to 4.25 per …

India Europe Trade Inflation International Trade Indian Interest Rates
Fed pauses interest rate hikes but signals more tightening ahead
1 year, 6 months ago

Fed pauses interest rate hikes but signals more tightening ahead

Firstpost  

The Federal Reserve has already lifted its benchmark lending rate by five percentage points since it began raising rates to fight inflation in March 2022. The US Federal Reserve voted Wednesday to pause its aggressive campaign of interest rate hikes despite “elevated” inflation while indicating a sharp increase could be needed before the end of the year. “Looking ahead, nearly …

Inflation Cent Fed Rate Rates Decision Ahead
Bandhan Bank Q4 result: Net profit decline 57% to ₹808 cr, dividend declared
1 year, 7 months ago

Bandhan Bank Q4 result: Net profit decline 57% to ₹808 cr, dividend declared

Live Mint  

Private lender Bandhan Bank on Friday reported 57.5 per cent decline in net profit to ₹808.3 crore for the quarter ended March 2023. Meanwhile, its net interest income, which is the difference between interest earned and expended, down 2.7 per cent to Rs2,471.8 crore from ₹2,540.2 crore year-on-year. The total advances rose 10 per cent as of March end to …

End Crore Cent Quarter Ago Net Profit Bandhan Bank
US Fed interest rate hike dilemma: Damned if you do, damned if you don’t
1 year, 7 months ago

US Fed interest rate hike dilemma: Damned if you do, damned if you don’t

Firstpost  

“You need to go and kill that beast,” IMF’s European department director Alfred Kammer said in Stockholm this Friday, AFP reported. The US is a “market economy” where the Smithian “invisible hand” of the market is supposed to guide the economic policy with the least indulgence from the state’s part. Even now this “beast” seems to have not got tamed …

Economy Europe World Inflation Bank Economic Interest Rates
RBI keeps repo rate unchanged at 6.5 per cent
1 year, 8 months ago

RBI keeps repo rate unchanged at 6.5 per cent

Deccan Chronicle  

Mumbai: The Reserve Bank of India on Thursday hit the pause button and decided to keep key benchmark policy rate at 6.5 per cent even as inflation is trending above its tolerance level. Retail inflation in February stood at 6.44 per cent compared to 6.52 per cent in the previous month. Many institutions, including the World Bank and Asian Development …

Inflation Cent Rate Rbi Projected
RBA governor Philip Lowe says pause 'does not imply that interest rate increases are over'
1 year, 8 months ago

RBA governor Philip Lowe says pause 'does not imply that interest rate increases are over'

ABC  

The Reserve Bank boss has warned households to brace for more interest rate pain, especially if businesses keep putting up prices or workers demand bigger pay rises. Key points: RBA governor Philip Lowe says further rate rises "may well be needed" to tame inflation Mr Lowe says household spending is slowing significantly The RBA is concerned large increases in either …

Growth Bank Interest Cent Rates Interest Rate Rba
Bank FD Vs Small Savings Schemes: Which Gives More Returns? PPF, NSC, SSY Latest Interest Rates
1 year, 8 months ago

Bank FD Vs Small Savings Schemes: Which Gives More Returns? PPF, NSC, SSY Latest Interest Rates

News 18  

Fixed deposits have been witnessing interest rate hikes since May last year as the RBI has raised 250 basis points in the key repo rate, thus prompting banks to raise the interest rates on FDs. Currently, HDFC Bank offers up to 7.1 per cent interest rates for the general public and up to 7.6 per cent rates for senior citizens. …

Bank Interest Rates Small Savings Schemes Senior Citizens Rate Rbi Rates
Bank FD: ICICI Bank vs PNB vs HDFC Bank; Check Comparison of Latest Interest Rates
1 year, 8 months ago

Bank FD: ICICI Bank vs PNB vs HDFC Bank; Check Comparison of Latest Interest Rates

News 18  

Several banks, including SBI, ICICI Bank, HDFC Bank and SBI, have raised their interest rates on both deposits and loans multiple times in the recent past due to the back-to-back repo rate hikes by RBI. Here’s the comparison of fixed deposit interest rates: The RBI MPC in February raised the key repo rate by 25 basis points to 6.50 per …

General Interest Fixed Deposits Senior Citizens Public Cent Citizens
EPFO Fixes 8.15% Interest Rate On EPF For 2022-23
1 year, 8 months ago

EPFO Fixes 8.15% Interest Rate On EPF For 2022-23

News 18  

The Employees’ Provident Fund Organisation has fixed 8.15% interest rate on Employees’ Provident Fund for the financial year 2022-23. “The Employees’ Provident Fund Organisation’s apex decision making body Central Board of Trustees has decided to provide 8.15 per cent rate of interest on EPF for 2022-23 at its meeting on Tuesday,” news agency PTI quoted a source as saying. The …

Fund Rate Epfo Cbt Epf Cent Interest Epf Deposits
Jobs bounce sees unemployment fall, keeps pressure on for April interest rate rise
1 year, 9 months ago

Jobs bounce sees unemployment fall, keeps pressure on for April interest rate rise

ABC  

A strong bounce in job numbers last month will maintain pressure on the Reserve Bank to keep increasing official interest rates, despite global banking jitters. Key points: Unemployment returned to 3.5 per cent, with 64,600 jobs added in February Hours worked and workforce participation rose, while underemployment fell Economists say the strong jobs numbers make another interest rate rise very …

Australia Labour Jobs Bank Work Interest Numbers
Axis Bank Raises FD Interest Rates By Up To 40 bps On Select Tenures; Check Latest Rates
1 year, 9 months ago

Axis Bank Raises FD Interest Rates By Up To 40 bps On Select Tenures; Check Latest Rates

News 18  

Axis Bank has hiked interest rates on fixed deposit by up to 40 basis points on select tenors on deposits below Rs 2 crore. According to Axis Bank’s website, the lender has hiked interest rate on FD maturing between 13 months and less than two years by 40 basis points from 6.75 per cent to 7.15 per cent. On deposits …

General Interest Rates Interest Senior Citizens Public Cent Citizens
The brutal truth of Australia's monetary policy: Higher interest rates are coming, and it will hurt some more than others
1 year, 10 months ago

The brutal truth of Australia's monetary policy: Higher interest rates are coming, and it will hurt some more than others

ABC  

No one wants to be in a dentist's waiting room. "If people start to think inflation's going to be 7 or 8 per cent the year after next then we're going to have all sorts of trouble." "We are getting more concerned, though, that the RBA is raising rates too far in response to inflation which is a lagging indicator …

Policy Inflation Monetary Policy Bank Interest Rates Interest Cent
Interest Rate Hike On Post Office Time Deposits, Senior Citizen Savings Schemes, NSC Applicable From Today. Check Details
1 year, 11 months ago

Interest Rate Hike On Post Office Time Deposits, Senior Citizen Savings Schemes, NSC Applicable From Today. Check Details

ABP News  

New Delhi: The interest rate hike announced on small deposits including post office term deposits, NSC, and senior citizen savings scheme will be effective from today. What Investors Stand To Gain With the revision, National Savings Certificate will yield a 7 per cent interest rate from January 1 compared to 6.8 per cent at present. Similarly, the senior citizen savings …

Savings Interest Rates Rate Rates Deposit Post Office Cent Interest
With another interest rate rise this week, will the RBA put the handbrake on in 2023?
2 years ago

With another interest rate rise this week, will the RBA put the handbrake on in 2023?

ABC  

As we approach year's end, the question on home loan borrowers' minds is will there be more interest rate rises next year? He also indicated more interest rate rises could be on the cards, with the headline rate of inflation still well above the Reserve Bank's 2 to 3 per cent target range. Forecasts for February rate rises are mixed …

Bank Interest Rates Interest Spending Month Cent 2023