The interest rate in the 20 Eurozone countries has been returned to the highest ever level. Not since October 2000, when the euro was newly launched, have rates been this high. On Thursday, the European Central Bank (ECB) increased its benchmark rate to 3.75%, up 0.25 percentage points, ...
The average rate on credit cards from some of America's biggest retailers has soared to an all-time high of more than 30%, according to personal finance site Bankrate. That's up from just over 24% in 2021. CBS News MoneyWatch correspondent Kelly O'Grady has a look at the rates.Nov ...
The Federal Reserve said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably.
High interest rates can dampen the economy by making it more difficult for consumers, businesses, and home buyers to secure loans, as happened in 1981 when the prime rate—the rate that banks charge their best customers—climbed past 20%. Economists differed over the causes of such extraordinary...
In all cases, they refer to bonds whose capital repayment is guaranteed by governments. Long-term interest rates are one of the determinants of business investment. Low long-term interest rates encourage investment in new equipment and high interest rates discourage it. Investment is, in turn, a...
Interest rates in the European Union will need to stay high “as long as necessary” to slow still-high inflation, Christine Lagarde, president of the European Central Bank, said Friday.
For current interest rates, visit cibc.com/savingsinterest. Interest rates quoted are annual; regular and bonus rates may change at any time without prior notice. Other conditions apply. For full offer details, review the Terms and Conditions (PDF, 140 KB) Opens in a new window. or visit...
NEW YORK —U.S. stock indexes retreated from their records Wednesday as concerns about high interest rates weighed on the market. The Standard & Poor’s 500 fell 14.40 points, or 0.3%, to 5,307.01 a day after setting its latest all-time high. The Dow ...
"If rates are high, not only is the time value of that future growth worth less, but an unprofitable company needs to either sell more of their business by issuing stock or take on more debt to keep the business running until the business can sustain itself from profits alone," he says...
One opposing force regarding financial stability is a country’s level of debt. High levels of debt, while manageable for shorter time periods, eventually lead to higher inflation rates and may ultimately trigger an officialdevaluationof a country’s currency. ...