The Fed’s short-term rates matter, but the main action now is in the 10-year Treasury market, which influences mortgages, ...

If you pay attention to financial news, you may have heard the term “prime rate” and wondered what it meant. You might have even confused it with the federal funds rate or your loan’s ...

Aggregate US debt is $101.353T, or 3.45x GDP, indicating a historically high leverage that risks recession. Read why ...

Try refreshing your browser, or tap here to see other videos from our team. The banks said they would decrease the prime rate by 25 basis points from 5.45 per cent to 5.20 per cent just hours after ...

The federal funds rate and mortgage interest rates are often expected to move together, but they haven’t lately. Here’s why.

China’s commercial lenders held benchmark lending rates on Monday, the People’s Bank of China said. The one-year loan prime rate held steady at 3.1%, while the five-year rate remained at 3.6% ...

Craig Sebastiano is a personal finance writer based in Toronto. He was previously the managing editor at Ratehub.ca and has written about credit cards, mortgages, banking, investing and investment ...

TORONTO, Jan. 29, 2025 /PRNewswire/ - Equitable Bank (the "Bank" or "Equitable"), Canada's Challenger Bank™, today announced it is reducing its prime lending rate by 25 basis points to 5.20% ...

Inflation reached 12.7% in December 1974 and the economy entered into a recession. The prime rate was 6% in 1972 before the BoC began raising rates. It peaked at 11% in 1974–or so most people ...

It is called a “repurchase” rate because it is the interest that is deducted (“discounted”) when the banks buy back ...

The People’s Bank of China (PBOC), China's central bank, announced to leave its Loan Prime Rates (LPRs) unchanged on Monday. The one-year and five-year LPRs were at 3.10% and 3.60%, respectively.