Ultra low interest rates were put in place after the financial crisis to stop a recession turning into a depression. Many believe they worked.
Cemil Ertem made the comment in an interview with broadcaster NTV. Turkey wants to see low interest rates across the board in order to spur spending, consumption and growth.
Hours after the U.S. Federal Reserve raised interest rates in March, the PBOC lifted short-term interest rates in what economists said was a bid to stave off capital outflows and keep the yuan stable.
(RTTNews) – Saudi Arabia and the United Arab Emirates decided to raise their interest rates after the US Federal Reserve lifted its rates on Wednesday.
Interest rates have been at 0.5% or lower for nearly 100 months, forcing many older savers to look at alternative ways to generate an income in retirement.
One thing that would really help banks right now are higher interest rates. But just how much they'd help depends on the bank.
April home sales in Visalia, Tulare, and Porterville continued strong according to the Tulare County Multiple Listing Service. There were 376 closed sales in the County during the month or April 2017 which compares with a total closing of 329 home …
U.S. central bank policy makers downplayed weak economic growth. That's a sign they could rase rates as early as June. Fred Katayama reports.
BRASILIA, April 20 Interest rate cuts should help Brazil's economy return to growth, central bank directors Carlos Viana and Tiago Berriel said on Thursday at different events in Washington according to a statement published by the central bank on its …
Whether they're considering taking out a home equity line of credit (HELOC) or already in the process, nearly half of homeowners say interest rates are the most influential factor to consider. TD Bank surveyed around 1,350 homeowners for its 2017 Home …