In theory, the lack of physical cash — the erosion of cash-linked sales — should hurt real estate prices, creating a negative wealth effect that hurts consumption. The nuances of dynamic: a) almost every developer, mortgage broker and equity/debt investor we spoke to expects weakness. This consensus could in itself ... Read More »
The six-member monetary policy committee (MPC), headed by the Reserve Bank of India (RBI) governor Urjit Patel, on Wednesday unanimously decided to keep the policy rate unchanged at 6.25 per cent, considering the “heightened uncertainty” of volatility related to US rate hike and the local demonetization drive. RBI also withdrew ... Read More »
The Reserve Bank of India is expected to take advantage of expectations that inflation will remain low in the near-term and cut interest rates again early next year with an aim to boost already-solid growth a little bit more, a Reuters poll found. New RBI Governor Urjit Patel and his ... Read More »
An overhaul of the business rates system is to dramatically increase the tax paid by businesses in central London and cut the bills for struggling northern towns. Shops on Regent Street in London face an 87% increase in their business rates bill next year, while northern towns such as Bolton ... Read More »
Mortgage apps down 4% lastweek Wednesday, 17 Aug 2016 | 7:32 AM ET|01:04 Even with mortgage interest rates sitting near record lows, mortgage applications failed to make any gains last week. Total application volume decreased 4 percent on a seasonally adjusted basis for the week from the previous week, according to ... Read More »
Fears over delivery defects from mosquito-borne Zika can be using up abortion costs in Latin Americannations laid low with the virus, a new look at finds. In Brazil and Ecuador — where governments have issued fitness warnings at the danger to the fetus from maternal Zika infection — requests for ... Read More »
Another drop in mortgage interest rates, to their lowest level in three years, sent borrowers back to the bank to refinance home loans. Total mortgage application volume increased 2.9 percent last week on a seasonally adjusted basis from the previous week. Applications are now nearly 35 percent higher than one ... Read More »
Mentioning the danger of crude oil fees moving decrease and lingering inflationary pressures, the Russianimperative bank said Friday it became maintaining its key price consistent. The board of administrators said in a reason announcement it become maintaining its key rate ateleven percentage even amid expectancies of a slow recovery. “Inflation ... Read More »
The central bank said the labour market was strengthening, but it was still looking for inflation to reach its 2%. target. The Fed indicated it expected the US economy to continue to “expand at a moderate pace” Interest rates remain between 0.25% and 0.5% after being raised for the first ... Read More »
