Russia’s central bank makes huge interest rate hike to try to prop up falling ruble – Winnipeg Free Press

[ad_1] TALLINN, Estonia (AP) — Russia’s central bank on Tuesday made a large interest rate hike of 3.5%, a move designed to fight inflation and strengthen the ruble after the country’s currency reached its lowest value since early in the war with Ukraine. The decision to bring the key rate to 12% was announced after … Read more

Gold stabilizes as subdued CPI backs Fed’s 2023 rate hike pause.

[ad_1] Gold yesterday settled down by -0.2% at 58853 as a cooler-than-expected CPI report backed market expectations that the Fed will refrain from hiking interest rates this year, raising demand for bonds in the secondary market. Consumer prices in the US rose by 3.2% annually, below expectations of a 3.3% rise, while the core gauge … Read more

Mortgage crunch: should you shun today’s 6.5% fixes and choose a variable rate instead? | Personal Finance | Finance

[ad_1] More than half of all fixed-rate mortgages coming up for renewal this year has been fixed at interest rates below two percent. Today, borrowers face paying around six percent, as the Bank of England repeatedly hikes base rates. This will cost them an extra £2,900 a year on average, or £242 a month according to … Read more

Gold dropped as Fed policymakers are expected to deliver a 25 bps rate hike.

[ad_1] Gold yesterday settled down by -0.41% at 59309 as the dollar and bond yields ticked higher, although hopes for a pause in rate hikes by the U.S. Federal Reserve after the July meeting limited the decline. Data showed the number of Americans filing new claims for unemployment benefits unexpectedly fell last week, touching the … Read more

Oil at April highs; U.S. rate hike fears take backseat to OPEC

[ad_1] Investing.com — Pressing on with gains from four weeks, oil bulls targeted $80 per barrel for U.S. crude on Monday — and correspondingly higher prices for global benchmark Brent — as they turned what would typically be a mundane three-day stretch before a Federal Reserve rate decision into a hive activity. Crude markets started … Read more

Silver dropped amid fears that central banks may not be done with rate hikes.

[ad_1] yesterday settled down by -0.63% at 74970 amid fears that central banks may not be done with interest-rate hikes. Data showed the number of Americans filing new claims for unemployment benefits unexpectedly fell last week, touching the lowest level in two months. The U.S. Federal Reserve may pause interest rate hikes after delivering a … Read more

CMHC says rate of housing starts posts largest month-to-month increase in a decade – Winnipeg Free Press

[ad_1] OTTAWA – Canada Mortgage and Housing Corp. says the annual pace of housing starts in June posted its largest month-over-month increase in a decade powered by work beginning on new multi-unit projects. The national housing agency says the seasonally adjusted annual rate of housing starts in Canada totalled 281,373 units in June, up from … Read more

Varanasi:एक सेमी प्रतिघंटे की रफ्तार से बढ़ रहा गंगा का पानी, चार घाटों का संपर्क टूटा, गाजीपुर का है ये हाल – Ganga Water Level: Ganga Water Rising At The Rate Of One Centimeter Per Hour, The Contact Of Four Ghats Is Bro

Ganga Water Level: Ganga water rising at the rate of one centimeter per hour, the contact of four ghats is bro

[ad_1] वाराणसी में बढ़ रहा गंगा का जलस्तर – फोटो : अमर उजाला विस्तार गंगा के जलस्तर में बढ़ाव जारी है। पहाड़ी क्षेत्रों में हो रही बरसात और गंगा बैराज से छोड़े गए पानी के कारण जलस्तर में बढ़ाव हो रहा है। सोमवार को जलस्तर बढ़ने के कारण चार घाटों का आपसी संपर्क टूट गया। … Read more

Best ISA, easy access and fixed rate savings accounts with high interest this week | Personal Finance | Finance

[ad_1] Best savings accounts to switch to this week for ‘maximum’ returns (Image: GETTY) While inflation continues to erode purchasing power, Britons are being urged to cash in on the higher savings interest rates currently dominating the market. Certain savings accounts are now paying out some of the most lucrative rates seen in decades, however, a number … Read more