The Bank of Ghana on Friday released its latest data on Annual Percentage Rates (APR) of interest charged on loans and credit advances and the Average Interest (AI) paid on deposits by banks. The...
Some economists are predicting that commercial banks across the country will soon reduce their interest rates. Figures from the Bank of Ghana (BoG) show that the 91 day Treasury bill is at 12.5...
The US Federal Reserve kept its benchmark interest rate unchanged on Wednesday but gave no clear signal about the chances for another increase this year. But the central bank did confirm that it...
Research wing of Groupe Nduom (GN) conglomerate, GN Research, has stressed that reductions in the Monetary Policy Rate (MPR) will continue to have marginal effect on commercial bank rates so far as...
US central bankers are divided over the risk of inflation and disagree over the timing of interest rate hikes into next year, minutes of the last Federal Reserve meeting showed Wednesday. Monetary...
US central bankers are divided over the near-term risk of inflation and disagree over the timing of interest rate hikes into next year, minutes of the last Federal Reserve meeting showed Wednesday....
Central Banks use monetary policy rates as the benchmark for charging interest on loans and advances to commercial banks. Whenever a commercial bank has a temporary shortage of funds it usually...
The interest charged by banks and other lending financial institutions on loans and advances to individuals and corporate clients, has consistently declined over the past five months. According to...
The US Federal Reserve was due to begin a two-day review of monetary policy on Tuesday, with the second interest rate increase of 2017 seen as a near certain result. Any increase, however, would come...
For the second time this year, the US central bank appears poised to raise interest rates despite fresh signs the world's largest economy is not in peak condition. The recent soft numbers on the...
US central bank policymakers want to see proof the country's economic slowdown is temporary before they raise interest rates, according to minutes of their latest meeting. They said it would be...
Bank of Baroda emerged as the best place to secure credit according to the latest Average Interest and Annual Percentage Rate APR released by Bank of Ghana (BoG). The report assessed the actual rates...
Following the rise in inflation from 12.8% in March to 13% in April 2017, some economists have advised government to put in measures to control it as they warn it will affect the rate of treasury...
Figures from the US Department of Labour also showed the unemployment rate dropped slightly to 4.4%, compared with 4.5% in March. The rebound in the jobs market could pave the way for the US central...
The US Federal Reserve on Wednesday made no change in the benchmark interest rate and downplayed recent weak economic growth, a signal it likely will remain on course for gradual rate hikes. The...
In slashing the policy rate in November 2016 from 26% to 25.50% and subsequently by 200 basis points in March 2017 to 23.50%,the Bank of Ghana (BoG), amongst others seek to boost consumer spending...
The Federal Reserve was set to open its two-day policy meeting on Tuesday amid signs of softening inflation which eases the pressure to raise interest rates, at least for now. The central bank is not...
Australia's annual inflation rate has moved back into the central bank's target range for the first time in more than two years, data showed Wednesday, all but ruling out more interest rate cuts....
Bankers have expressed satisfaction with the first 100 days of President Nana Addo Dankwa Akufo-Addo government, singling out the move to re-profile short term debt into longer ones as one of the...
The banking industry average base rate as at the end of March stood at 26.7 per cent, data from the Bank of Ghana has shown. The data indicates a drop of 0.9 per cent in the base rate from the month-...
