The Trump administration’s 25% tariff on imports of vehicles and light trucks is bad news for South Africa’s auto manufacturing industry.

Repo rate cuts by the Reserve Bank of India (RBI) have a direct impact on personal loan interest rate and EMIs (Equated Monthly Installments). The interest rate at which the RBI lends to ...

27, 2024, in central Denver. (AP Photo/David Zalubowski, File) Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year] Associated Press (AP) — The average rate on a 30-year mortgage in ...

With the US Fed on hold, will RBI ease further? After cutting the repo rate to 6.25% last month, the first in nearly five years, markets are watching for the central bank's next move. Listen to Story ...

The central bank's monetary policy committee, which meets every six weeks to set borrowing costs, voted 8-1 to keep the bank rate unchanged at 4.5%. Although the decision was widely expected ...

Economists predicted that the Reserve Bank would keep the repo rate unchanged due to geopolitical risks and low economic growth in SA. The Reserve Bank has decided to keep the repo rate unchanged ...

The South African Reserve Bank held its main repo rate at 7.5% on Thursday, as tensions with the U.S. continue to rise amid escalating global uncertainty. On Friday, U.S. Secretary of State Marco ...

At today's meeting of the Monetary Policy Committee (MPC), the Bank of England's rate-setters voted to maintain the base rate at 4.5%. Lenders use the base rate to determine the interest rates ...

The world’s lowest interest rate is no longer in Japan but Switzerland after the Swiss National Bank cut rates by a quarter-point on Thursday. The SNB took its key rate down to 0.25% ...

The monetary authority hiked the overnight lending rate by two percentage points to 46%, while keeping the main gauge of one-week repo unchanged.

Against this backdrop, the MPC decided to keep the policy rate unchanged, at 7.5%. Four members preferred this action, while two favoured a cut of 25 basis points. For several quarters we have ...