In this article It’s not just the pandemic that’s putting Nigerian bank earnings at risk: Competition for customers in the recession-hit economy is driving interest rates on loans lower. Mid-tier
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U.S. Pending Home Sales Retreat for First Time in Five Months
A gauge of U.S. pending home sales unexpectedly declined in September for the first time in five months, a sign elevated asking prices and lean supply are tempering the boom
Continue reading »Turkey Boosts Funding Costs to Avoid Outright Rate Hikes
Follow us @middleeast for more news on the region. Turkey’s central bank offered the nation’s lenders funding through a more expensive channel in the latest effort to reverse declines in
Continue reading »Covid-19 is making Americans wish they had more cash set aside. Taking these steps can help you save
A survey found that many Americans now regret not having emergency cash set aside. While it can be a challenge to set money aside now, you will be thankful if
Continue reading »Bank Indonesia Cuts Rates for Second Month to Aid Recovery
Bank Indonesia lowered its key interest rate for a second straight month, aiming to help the economy recover from the devastating impact of the coronavirus pandemic. The central bank cut
Continue reading »March Cut Tops Surprises List in India MPC History, Paper Says
The Indian central bank’s decision in March to slash interest rates in an unscheduled meeting was the biggest surprise since a Monetary Policy Committee was set up four years ago,
Continue reading »U.S. Homebuilder Optimism Makes Record Rebound as Buyers Return
U.S. homebuilders’ outlook improved in June as record-low interest rates and demand for more space spurred buyers to re-emerge after the coronavirus shut down sales and construction. A gauge of
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