The economy of Canada will face a significant risk in the next three years as indebted consumers will respond to higher interest rates, this fact is made available by economists from three of the largest financial institutions in Canada. According to Frances Donald, the head of macroeconomic strategy at Manulife Asset Management, she said the risks in the housing market is … [Read more...]
For the fifth time Bank Indonesia raises rates to contain currency
For the fifth time since May, the central Bank of Indonesia has increased its benchmark interest in an attempt to protect the rupiah from being affected by emerging markets globally. Based on the predictions of the larger part of the 37 economists interviewed in a Bloomberg survey, the seven-day reverse repurchase rate was increased by 25 basis points to 5.75 percent. Though, … [Read more...]
Money market rates in Hong Kong increased to decade high before US Federal Reserve raises key interest rates
The short-term money market rates in Hong Kong increased to their highest levels on Monday for the first time in ten years, as the Financial Secretary issued a warning to homebuyers to anticipate higher mortgages in response to the rise in the local expense of funds in lockstep with the United States benchmarks in the latter part of this week. Hibor, which is the interbank … [Read more...]
For the first time in seven years Norway increased benchmark rate
For the first time in seven years, the central bank in Norway increased interest rates as the policymakers in the wealthiest economy in Scandinavia have begun the process of letting go of the record stimulus set up to handle the impact of the horrible oil crisis in a generation. Norges Bank increased the benchmark rate by a quarter point to 0.75 percent, a confirmation of the … [Read more...]
Wealthiest Scandinavians anticipate a number of rate increases
The Central Bank of Norway could begin the process of increasing interest rates for the first time in seven years as it bounces back from its worst oil turmoil in a generation. It is important to note that Norway is the Scandinavia’s most prosperous economy. Based on the survey conducted by Bloomberg on 23 economists, policymakers in Oslo are ready to increase their benchmark … [Read more...]