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China's Major Commercial Banks Cut Deposit Rates

China’s Major Commercial Banks Cut Deposit Rates Again

China’s major commercial banks have cut their deposit rates for a second time this year, a move that could help ease pressure on lenders’ profits after officials lowered mortgage and lending rates as part of efforts to boost the economy.

Bloomberg L.P. · 3h

China’s Mega Banks Trim Deposit Rates as Stimulus Hits Profits

China’s largest state-owned lenders have cut their deposit rates on Friday, their second reduction this year as they rushed to salvage record low margins amid weakened profitability.

Reuters on MSN · 55m

China cenbank chief flags more interest rate cuts

China's central bank governor said on Friday the reserve requirement ratio for commercial lenders could be cut further by 25 to 50 basis points by the year-end depending on liquidity conditions, keeping the door open to more policy easing steps.

Barron's · 2h

China's Top Banks Cut Interest Rates On Yuan Deposits: State Media

China's top banks on Friday cut interest rates on deposits in yuan for the second time this year, state media said, as Beijing seeks to boost sluggish consumption.

Euro at over 2-month lows ahead of likely ECB rate cut

Reuters · 10h

ECB lowers rates and eyes more cuts as economy sags

The European Central Bank cut interest rates on Thursday for the third time this year, saying inflation in the euro zone was increasingly under control while the outlook for the bloc's economy was worsening.

The Wall Street Journal on MSN · 13h

Euro Little Moved After ECB Cuts Rates as Expected

The euro continued to trade steady against the dollar, showing little reaction after the European Central Bank delivered another highly-anticipated interest-rate cut.

EconoTimes · 1d

Pound Takes a Hit as Euro Gains Strength Ahead of ECB's Historic Rate Cut

Yesterday, the Pound Sterling was the weakest currency in the forex market, primarily due to dismal inflation figures from the UK. This data has increased expectations for the Bank of England (BoE) to lower interest

Mortgage Rates Rise to Highest Since Aug.

The Boston Globe · 16h

The Fed is cutting interest rates, so why are mortgage rates rising?

It’s been a month since the Federal Reserve shifted from fighting inflation with high interest rates to supporting the job market with the first in what is expected to be a series of rate cuts.

Wall Street Journal · 12h

Mortgage Rates Rise to Highest Since August

Mortgage rates rose to the highest level in nearly two months. The average rate on a standard 30-year fixed mortgage rose to 6.44%, according to a survey of lenders released Thursday by the mortgage-finance company Freddie Mac.

Boston.com on MSN · 6h

Mortgage rates: Which New England state saw the biggest jump?

Two New England states have some of the highest average mortgage rates in the country. Hint: It's not Massachusetts.

14hon MSN

Bank bosses aren't worried about lower interest rates — and even see some upside

Bank executives said that lower rates appear to be boosting demand for mortgages, refinancing, and loans in general, as well ...

Hot real estate topics: Rates, high payments, all-cash buyers

Accessory dwelling units: Investors seeking to squeeze more income from their rental properties (and homeowners) are adding ...

Fox Business3h

This week's 10-year fixed private student loan interest rates dip below 8%

10-year fixed rate: 7.87%, down from 8.04% the week before, -0.17 5-year variable rate: 14.44%, unchanged from 14.44% the ...

12h

Rising break-even inflation rates could get Fed to consider no action in November: strategist

Market participants' expectations for future inflation, as measured by break-even rates, could rise by enough for the Federal ...

Ticker: Mortgage rates at 2-month high; Universal ups rivalry with Disney

The average rate on a 30-year mortgage in the U.S. rose for the third week in a row, reaching its highest level in eight ...

18h

Auto insurance rates are soaring. Here’s what you can do about it.

The cost of insurance has increased by almost 38 percent since the beginning of 2022, more than double the overall rate of ...

Fox Business3h

Private student loan interest rates trend downward for 10-year loans

10-year fixed rate: 7.61%, down from 7.88% the week before, -0.27 5-year variable rate: 7.49%, up from 7.46% the week before, ...

20h

Mortgage Rates Today, Oct. 17: Median Rate Remains at 6.50%

As of Oct. 17, according to Credible data gathered from more than 500 U.S. lenders*, the median interest rate on a 30-year ...

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