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federal reserve

How Central Banks Worldwide React on Coronavirus

10 mins read

The FINANCIAL — The federal bank regulatory agencies today released a statement encouraging banks to use the Federal Reserve’s “discount window” so that they can continue supporting households and businesses. In South Korea, the central bank cut its benchmark interest rate by 50 basis points in a rare inter-meeting rate.  Australia’s central bank, the Reserve Bank of Australia, poured $3.6bn in liquidity into Australia’s financial system and said it was prepared to buy government bonds, while the Reserve Bank of New Zealand (RBNZ) slashed interest rates by three-quarters of a percentage point to a record low on Monday following an emergency…

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How Central Banks Worldwide React on Coronavirus

10 mins read

The FINANCIAL — The federal bank regulatory agencies today released a statement encouraging banks to use the Federal Reserve’s “discount window” so that they can continue supporting households and businesses. In South Korea, the central bank cut its benchmark interest rate by 50 basis points in a rare inter-meeting rate.  Australia’s central bank, the Reserve Bank…

Mortgage rates to fall again after Fed‘s move to combat impacts from coronavirus

4 mins read

The FINANCIAL — Average 30-year mortgage lending rates for homebuyers with good credit have fallen from 4.46% in January of 2019 to 3.13% but rate is now back up around 3.65%. Mortgage rates are primed to fall again after the Federal Reserve’s latest dramatic policy moves to combat the economic impact from the deadly coronavirus…