David Koch's urgent warning to Aussie home buyers looking at a fixed rate mortgage over a variable rate home loan as ME Bank slashes their rate to beat Commonwealth Bank
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What’s the neutral rate, and why did the Bank of Canada raise it?
The Bank of Canada's interest rate decision on Wednesday didn’t bring cuts, but it did bring new insight into where the central bank thinks interest rates may be headed. The bank kept its overnight interest rate steady at five per cent, but it raised something else: its nominal neutral interest rate. The neutral rate is the rate at which the central bank’s monetary policy is neither stimulating nor holding back the economy. It's essentially the "Goldilocks" interest rate, explained...
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Why the Bank of England might be wary of cutting interest rates before the Fed
The path for the Bank of England to cut interest rate cuts looks increasingly uncertain, particularly as the US Federal Reserve looks set to wait a while longer before loosening policy.
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High interest rates are getting more challenging for even the biggest banks
The results from JPMorgan, Wells Fargo, and Citigroup mark the start of earnings season for America's banks as investors watch for signs of how high interest rates are affecting lenders.