interest rate

Lower-Income Paycheck-to-Paycheck Consumers May Find Scant Relief From Rate Cuts 

Lower-Income Paycheck-to-Paycheck Consumers May Find Scant Relief From Rate Cuts 
Lower-Income Paycheck-to-Paycheck Consumers May Find Scant Relief From Rate Cuts 
March 20, 2024  |  Consumer Insights

The Fed’s kept rates steady.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

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Latest Fed Hike May Stymie Retailers’ Efforts to Clear Inventories
Latest Fed Hike May Stymie Retailers’ Efforts to Clear Inventories
May 03, 2023  |  Retail

We’ve reached a milestone with interest rates — and by extension, retailers may find it tougher to sell their inventories. Get the Full Story Complete...

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Savings Rate Surges To Highest Level In 39 Years
Savings Rate Surges To Highest Level In 39 Years
May 01, 2020  |  Banking

The shaky coronavirus economy has promoted people to sock money at levels not seen since 1981. Get the Full Story Complete the form to unlock...

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BoE Cuts Interest Rate, Launches SMB Incentives To Cope With Coronavirus Impact
BoE Cuts Interest Rate, Launches SMB Incentives To Cope With Coronavirus Impact
March 11, 2020  |  Economy

In an emergency move designed to stem the economic impact of the coronavirus, the Bank of England on Wednesday (March 11) cut the country’s interest...

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China’s Lenders Cut Prime Rate To Boost Sick Economy
China’s Lenders Cut Prime Rate To Boost Sick Economy
February 20, 2020  |  Cross-border Payments

Chinese lenders have cut their prime lending rate to try and prop up their country’s economy, which has been ravaged by the coronavirus, according to the Financial...

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Revolut Offers High-Interest Savings Product In UK
Revolut Offers High-Interest Savings Product In UK
January 23, 2020  |  Cross-border Payments

Global financial services startup Revolut is now offering U.K. customers a 1.35 percent AER interest rate with its new product, Savings Vaults, the company announced...

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Australia’s Big Banks Criticized For Response To Rate Cut
Australia’s Big Banks Criticized For Response To Rate Cut
October 03, 2019  |  B2B Payments

An interest rate cut from Australia’s Reserve Bank has caused controversy in the small business banking sector, with Treasurer Josh Frydenberg praising small banks and...

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US Corporate Debt Outpaces Economic Growth
US Corporate Debt Outpaces Economic Growth
January 11, 2019  |  B2B Payments

The value of debt held by U.S. corporations is now growing faster than the economy, and businesses are struggling to make their interest payments, according...

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