Fintech giant Bilt announced an overhaul of its credit cards on Wednesday, which notably will include an introductory rate on ...

Short loan value as a percentage of market capitalization across US financial stocks has increased notably from 0.8% to 0.92% ...

The Reserve Bank lends money to banks at the ‘repo rate’, the banks add 3.5% to create the ‘prime rate’ – which we hear when ...

The neutral rate—the interest rate at which monetary policy is neither accommodative nor restrictive—is a theoretical concept that cannot be directly observed, only estimated. The neutral rate is an ...

Discover how banks set loan interest rates, from Federal Reserve policies to market trends and borrower creditworthiness, for ...

Anticipation over a Federal Reserve interest rate cut, which was barely registering a few weeks ago, is now growing to a fever pitch. Following an unemployment report that showed the rate increasing ...

For the second time this year, the Federal Reserve on Wednesday decided to lower its key interest rate by a quarter of a percentage point. Federal Reserve Chair Jerome Powell noted during a briefing ...

Bank interest rates cannot be reduced at this moment, Finance Adviser Salehuddin Ahmed has said, citing prevailing economic realities.