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...Meg Keen, director of Lowy’s Pacific programme, said Panguna’s complicated history meant a reopening was not imminent....
...The “effective” interest rate — the actual interest rate paid — on newly drawn mortgages fell 0.29 percentage points to 4.9 per cent in February, according to the central bank....
...In minutes from the Bank of Canada’s March meeting, members of the central bank’s governing council agreed it was “too early” to cut rates, but said “the conditions for rate cuts should materialise over...
...The central bank on Sunday kept the one-year MLF rate unchanged at 2.5 per cent, the lowest level since the rate was introduced in 2014....
...Equities in Hong Kong and China were muted on Tuesday despite the country’s central bank announcing a reduction to the lending rate for mortgages on the mainland....
...China’s central bank on Tuesday cut a benchmark mortgage interest rate in a move to stimulate the country’s ailing property sector....
...China’s central bank has been pushing back by not fixing the onshore currency at the lower market price....
...The average two-year mortgage with 60 per cent loan to value was 4.62 per cent in February, according to the central bank....
...Since then, it has suffered from a sell-off in growth companies prompted by aggressive interest rate rises from central banks to fight inflation....
...India’s central bank has banned Kotak Mahindra Bank from issuing credit cards or taking on new digital and mobile banking customers, marking the regulator’s latest crackdown on the country’s fast-growing...
...The increase reflects broader growth of the country’s mortgage market. Central bank figures published this month show the total mortgage portfolio of Russian banks increased by 34.5 per cent last year....
...Developed world central bankers adjusted their own monetary policy to fit the global inflation dynamics increasingly determined by China....
...Lenders have taken a hit to margins as they lowered lending rates, including reductions on outstanding mortgage rates....
...Most economists polled by Bloomberg had expected the central bank to hold rates....
...Eurozone banks reported a “substantial” drop in loan demand from companies, prompting calls for the European Central Bank to signal it will cut interest rates soon when it meets this week....
...The BoE’s credit conditions survey was conducted between November 20 and December 8, when financial markets were still expecting the central bank to cut its benchmark rate less than they expect at present...
...Moreover, the threat of mortgage payment shock should prompt the central bank to start cutting rates sooner rather than later....
...Rates on popular fixed mortgage deals have started to ease from the summer, following expectations that the central bank will cut interest rates later this year....
...China hosts foreign naval officials at the Western Pacific Naval Symposium in Qingdao. Iranian President Ebrahim Raisi begins a three-day visit to Pakistan....
...Lloyds’ total lending fell £1.2bn to £448.5bn in the first quarter, with its mortgage balance shrinking by £1.6bn. The group however flagged a rise in mortgage applications in the first quarter....
...Equities in Hong Kong and China fell on Tuesday despite the country’s central bank announcing a reduction to the lending rate for mortgages on the mainland....
...As in the case of foreign currency mortgages, “the costs of mis-selling must be borne by the institutions that caused it.”...
...Other central banks have hinted at taking action to support their depreciating currencies....
...The central bank held rates at 4.35 per cent following its first meeting of 2024....
...On Wednesday, Bank of Korea governor Rhee Chang-yong said the central bank would intervene to control currency volatility if needed....
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