Interest rates

Learn everything you need to know about interest rates, including how they affect your finances and ways to take advantage of low rates. Start making informed decisions about borrowing, saving, and investing today.
For the fifth time this year, the Board of Governors of the Federal Reserve System in the US have voted unanimously to raise the interest rate paid on reserve balances by 0.5 basis points to 4.4 per cent, effective December 15, 2022. The target range for the federal funds rate has been raised to 4.25 to 4.5 per cent, with a view to tame inflation. Federal, Federal Reserve System, Unemployment Rate, Bank Of England, Balance Sheet, Monetary Policy, Economic Activity, Economic Systems, Federal Reserve

For the fifth time this year, the Board of Governors of the Federal Reserve System in the US have voted unanimously to raise the interest rate paid on reserve balances by 0.5 basis points to 4.4 per cent, effective December 15, 2022. The target range for the federal funds rate has been raised to 4.25 to 4.5 per cent, with a view to tame inflation.

Avatar
Jessa Nuñez
The US Federal Reserve (Fed) has raised its benchmark interest rate by 25 basis points to a target range of 4.5-4.75 per cent—the eighth consecutive rise by the central bank since March 2022. Inflation has eased somewhat but remains elevated, the Fed’s federal open market committee said, cautioning that ongoing increases would be needed to control inflation. Balance Transfer Credit Cards, Bank Of England, Open Market, Monetary Policy, Economic Activity, Federal Reserve, Central Bank, Interest Rate, The Big Four

The US Federal Reserve (Fed) has raised its benchmark interest rate by 25 basis points to a target range of 4.5-4.75 per cent—the eighth consecutive rise by the central bank since March 2022. Inflation has eased somewhat but remains elevated, the Fed’s federal open market committee said, cautioning that ongoing increases would be needed to control inflation.

Avatar
Moriya Gov Solomon