The BoJ hiked by 25bps at its last meeting in January, as was widely expected, and reiterated that it will continue to raise rates if the economy and prices move in line with forecasts, adding that it ...

The Bank of Japan is expected to leave rates unchanged next week. Markets also will focus on the Shunto wage negotiation results, which may impact the timing of the BoJ's next move. On Thursday, ...

The People's Bank of China (PBOC) said on Thursday that they “will cut interest rates and Reserve Requirement Ratio (RRR) at a proper time.” Will strenghthen expectation guidance, maintain yuan ...

The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1728 as ...

In the United States, the authority to set interest rates is divided between the Board of Governors of the Federal Reserve (Board) and the Federal Open Market Committee (FOMC). The Board decides ...

In Japan, interest rates are set by the Bank of Japan's Policy Board in its Monetary Policy Meetings. The BoJ's official interest rate is the discount rate. Monetary Policy Meetings produce a ...

Prime rate at 8.5% in Jan 2024, closely follows the federal funds rate. Credit card and HELOC rates often adjust based on changes in the prime rate. Mortgage and auto loan rates are influenced by ...

The discount rate is the Fed's charge to banks for short-term loans to meet reserve needs. Changes in the discount rate influence economy-wide interest rates and monetary conditions. Fed adjusts ...

Associated fees ATM access Balance requirements Customer service Interest-earning potential If you’re considering types of savings accounts that offer higher-than-average interest rates ...

Jess Ullrich is a freelance contributor on Newsweek’s personal finance team. As a former financial editor, her expertise spans several verticals, but she particularly enjoys covering banking ...

The RBI, after a gap of five years, announced a reduction in the repo rate by 25 bps to 6.25%. A dip in the repo rate can lead to lower interest rates on loans, thereby making loans cheaper, and vice ...