Category: interest

The US Federal Reserve has tonight cut rates back to near zero, restarted bond buying and launched other measures from its crisis-era toolkit. The measures are part of efforts by other central banks to put the floor under a rapidly disintegrating global economy assailed by efforts to contain the escalating coronavirus pandemic. “The effects of the coronavirus will […]

The Government has sharply increased the rate of interest it will charge future first-time home buyers availing of its Rebuilding Ireland Home Loan scheme. As a result of the changes, the 25-year fixed rate has increased to 2.745% from 2%, while the 30-year fixed rate has risen to 2.995% from 2.3%. The move means those […]