Tagged: interest rates

June 8, 2023 @ 8:52 am By Omar Faridi  |  

Plum, the “smart money” app, is reportedly planning to launch a new “Interest” offering in Q3, so customers can benefit more quickly and directly from rising central bank rates. Plum customers in the UK and EU will be able “to hold their money in government-backed… Read More

May 30, 2023 @ 11:49 pm By Omar Faridi  |  

LendInvest (AIM: LINV), which claims to be the UK’s leading platform for mortgages, has significantly reduced rates “across its residential mortgage range, as it continues to build the right product catalogue to support Qualified Professionals, Key Workers and customers with complex income streams and credit histories.”… Read More

May 11, 2023 @ 8:16 am By JD Alois  |  

The Bank of England has increased its benchmark rate by 25 bps as anticipated. According to a statement by the Bank, the Monetary Policy Committee (MPC) voted 7 to 2 to raise rates to 4.5%, with the dissenters preferring to hold rates at 4.25%. Similar… Read More

May 4, 2023 @ 9:36 am By JD Alois  |  

  The European Central Bank (ECB) has increased its benchmark rate by 25 basis points following a similar move by the US Federal Reserve. In a statement, the ECB said the inflation remains elevated, and the Governing Council concurs with its prior assessment of the… Read More

May 3, 2023 @ 3:24 pm By JD Alois  |  

The US Federal Reserve announced a 25 bps increase in benchmark interest rates matching market expectations. While some held hopes for a pause this week, prognosticators are now looking forward to the next meeting in June. What did change in the Federal Open Market Committee… Read More

April 3, 2023 @ 2:50 pm By Omar Faridi  |  

Surging oil prices are likely to mean higher interest rates “for longer as the price rally adds to inflationary pressures,” warns the CEO of an independent financial advisory, asset management and fintech organization. The warning from deVere Group’s Nigel Green comes as the price of… Read More

April 2, 2023 @ 7:36 pm By Omar Faridi  |  

Following up on their last update, TWINO have recently received the regulator’s approval to list the Polish Loan Securities with different interest rates. Thus, not only different terms but also different rates of the securities “will be available on the TWINO platform further on.” Term:… Read More

March 24, 2023 @ 10:17 am By Omar Faridi  |  

High interest rates, persistent inflation, and the denominator effect hit private real estate hard in 2022. This, as private real estate funds “raised $128.6 billion across 267 vehicles, down 28.4% from the $179.6 billion raised by 549 funds in 2021,” according to an update by… Read More

March 22, 2023 @ 8:23 am By Omar Faridi  |  

Given the recent market landscape, which has been fraught with geopolitical tensions, rampant inflation, interest rate hikes, and generally volatile conditions, Estateguru management decided “to increase the capital reserves of the company at the start 2023, and raised additional capital from its founders, existing shareholders… Read More

February 11, 2023 @ 10:23 am By Omar Faridi  |  

Investment platform Robocash has announced that new rates “will apply to loans from 91 days to 3 years.” As most businesses of Robocash Group have currently achieved self-sustaining state, they are reportedly “reducing interest rates on several loan terms and do not plan to increase… Read More

February 2, 2023 @ 9:25 pm By JD Alois  |  

The Bank of England’s Monetary Policy Committee (MPC) voted 7 to 2 to increase its benchmark rate by 50 basis points to 4.0%. The bank said that two members preferred to hold rates steady for now. The issues remain the same; stubborn inflation and geopolitical… Read More

February 2, 2023 @ 4:00 pm By JD Alois  |  

The European Central Bank (ECB) raised its benchmark rate by 50 basis points today, as was broadly expected. In explaining its decision, the ECB said that the underlying inflation pressures will necessitate another 50 basis points at its next monetary policy meeting in March After… Read More

February 1, 2023 @ 5:00 pm By JD Alois  |  

As was widely anticipated, today, the US Federal Reserve announced a 25 basis point increase to its benchmark rate as it continues to battle nagging inflation that has imperiled the economy. The vote by the Federal Open Market Committee (FOMC) was unanimous in its decision…. Read More

January 29, 2023 @ 6:00 pm By Omar Faridi  |  

As the “crypto winter” continues to drag on, Bitcoin miners are feeling the effects of the prolonged bear market. Many miners, particularly those operating at a small scale, have been forced to shut down operations due to the lack of profitability. However, for those who… Read More

January 12, 2023 @ 9:49 am By Omar Faridi  |  

The year 2022 was by far the most “eventful” year for the crypto market, according to Jack Tan, the Co-founder of WOO Network. According to Jack Tan of the WOO Network, the industry that has been struggling for years to get mass adoption “took back-to-back… Read More

December 15, 2022 @ 9:21 am By JD Alois  |  

The Bank of England’s Monetary Policy Committee (MPC) has increased its Bank Rate by 50 basis points to 3.5%. According to a statement by the Bank, the MPC vote was 6 to 3, with one member advocating for a 75 basis point increase and two… Read More

December 14, 2022 @ 4:46 pm By JD Alois  |  

As expected, the US Federal Reserve raised benchmark interest rates by 50 basis points bringing the target range for the federal funds rate to 4-1/4 to 4-1/2 percent. The vote for 50 bps was unanimous. This is the 7th interest rate increase in the past… Read More

November 22, 2022 @ 11:17 pm By Omar Faridi  |  

Interest is both “the cost of borrowing money for a borrower and the compensation of lending money for a lender,” the team at October notes in a recent update. As a lending platform, October explains they are “right in the middle and connect borrowers to… Read More

September 22, 2022 @ 9:18 am By JD Alois  |  

The Bank of England has raised interest rates by 50 basis points – the biggest leap in many years. The move by the BoE follows the US Federal Reserve’s anticipated 75 bps rate increase. The Bank of England said it maintains resolve to fight inflation… Read More

September 20, 2022 @ 2:06 pm By JD Alois  |  

The Federal Reserve is meeting this week to determine interest rates and the odds on favorite is for a 75 basis point increase to the benchmark rate. While it could go higher – perhaps 100 bps – most market observers believe 75 bps is already… Read More