Banks cut prime rate to 5.2%, following Bank of Canada's lead
Royal Bank of Canada, Toronto Dominion Bank, Canadian Imperial Bank of Commerce, Bank of Montreal, National Bank of Canada, Desjardins Group, Equitable Bank and Bank of Nova Scotia announced Wednesday they would cut their prime rate, following the lead of the Bank of Canada.
Individual banks and financial institutions then use this federal funds rate as a starting point to set their own prime rate, or the interest rate passed onto the most creditworthy consumers.
China’s commercial lenders held benchmark lending rates unchanged for the third consecutive month after Beijing eased ...
The SA Reserve Bank's monetary policy committee (MPC) cut interest rates by 25 basis points on Thursday. Four members of the ...
The reference interest rate for credit in Mozambique will remain unchanged in February, at 19%, after four consecutive monthly cuts, the Mozambican Banking Association (AMB) announced today. The rate, ...
China left benchmark lending rates unchanged for a third consecutive month, as expected, as a weakening yuan has limited ...
In December 2024, Governor Tiff Macklem pointed to a 2019 internal simulation of the U.S. imposing significant tariffs. That ...
It takes time for the Fed’s decisions to filter through the economy — and then even more time for consumers to see the difference.
The South African on MSN12h
Interest rate cut: Here’s how much your bond will now costThe South African Reserve Bank's (SARB's) monetary policy committee (MPC) met for the first time this year on Thursday, 30 January.
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback