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Firstly, let's take a look at the changes the NS&I is making. It will be cutting the rates on Direct Saver, Income Bonds and the prize fund rate on the hugely popular Premium Bonds, in changes that Bowes says are "disappointing" but not "wholly unexpected". From 5 March, the rate ...
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Of course, Japan did impose a consumption tax 10 years ago, temporarily increasing inflationary pressures, but overall, it wasn't genuine inflation. The return of inflation has forced the Bank of Japan to raise interest rates. Moreover, the Bank of Japan's rate hikes and termination of negat...
The premium bond prize fund rate will be cut to 3.8% from the April 2025 prize draw. Why is NS&I cutting rates now? Bowes says the decision follows a 0.25% base rate cut earlier this month, but another factor could be NS&I's net financing target - the amount of money it needs to ra...
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without having to wait for three years as was previously required, the notice said. Yangzhou's decision marks the first city to launch support for its housing market after the first adjustment to the loan prime rates in 10 months, and it was Yangzhou’s third housing policy easing this year...
“We confront (these new) challenges from a weak starting point,” Poloz said in a speech at the Canadian Club in Toronto, in which he pointed to higher unemployment, “extremely weak” business investment and a slew of mortgage renewals athigher interest rates. ...
Mortgage rates are trending down, likely to go below 6% by the end of the year, but most housing still remains unaffordable to the average American.