To surprise pre-Diwali borrowers, the main public sector lender, the Bank of India (BOI), today announced an interest rate cut on home loans. The bank announced an interest rate reduction for the BOI Star Home Loan program, which now offers ideal competitive interest rates starting at 8.30% per annum and with the lowest EMIs. Existing home loans from other banks or financial organizations can also be transferred by customers to Bank of India. The applicant for a home loan can also use an overdraft facility which offers three advantages: a commitment at a reduced rate, simple liquidity and tax advantages.
Be prepared for steady interest rate hikes from the Federal Reserve. That’s the view of the markets in light of stronger-than-expected consumer inflation data for January, said Subadra Rajappa, head of US rates strategy at Societe Generale. “Markets are pretty much fully priced in to rate hikes through September,” Rajappa said in an interview with […]
It was supposed to be a fairly modest hike by the end of the year, but suddenly the pressure to raise interest rates to fight runaway inflation intensified. Whereas previously European interest rates were expected to reach, at most, around 1% by the end of the year, the member of the Governing Council of the […]
It has been 40 years since the US economy saw a dramatic rise in inflation and interest rates. Countless Americans who have never experienced such a period worry about rising prices. Over the past two years, many of them have been recipients of economic impact payments from the government. The government’s massive monetary stimulus to […]