Displaying items by tag: interest rates
U.S. inflation reaches 3.2% and leaves a slim chance of lowering interest rates
The consumer price index (CPI) in the United States rose to 3.2% in february at a year-on-year rate, while compared to the previous month it increased by 0.4%, higher than analysts' expectations and below the 2% target set by the Federal Reserve (Fed).
Aspects to consider before buying a car
Before buying a car, there are several important aspects to consider in order to make an informed decision. Here is a list of things you should know before buying a car:
As interest rates rise, housing costs soar
According to the International Monetary Fund (IMF), these price changes highlight that housing markets are adjusting to rising interest rates imposed by central banks in an attempt to contain inflation. Interest rates on housing loans had been on a downward trend, but with the recent interest rate hikes, an upward trend is expected.
Oil prices fell below US$80 a barrel, value not seen since january
According to Bloomberg Linea magazine, explains that oil is headed for another week of losses as the world's central banks raise their interest rates to quell inflation. If this is indeed the case, it would be the longest weekly losing streak of the year.
FED raises interest rates to 0.75% but SSF affirms that the impact on El Salvador will be targeted
Yesterday the Federal Reserve of the United States (FED), raised interest rates again by 0.75% in its fight against the clock to curb historic levels of inflation.
Remittance flows to El Salvador could decrease due to increase in interest rates
The U.S. Federal Reserve (FED) will continue to increase interest rates in the coming months in order to address inflation and this could have consequences in the dollarized salvadoran economy, which depends on the flow of remittances.
BANDESAL provides credit lines for the agricultural sector
The Banco de Desarrollo de El Salvador (BANDESAL), is managing lines of credit for agriculture with the objective of offering financing to increase productivity and employment generation in the sector.
Defensoría seeks to promote more affordable interest rates for consumers
The President of the Defensoría del Consumidor (DC), Ricardo Salazar was present at the Financial Commission of the Legislative Assembly where he highlighted that the institution seeks to introduce a methodology that allows, in a more direct way, to promote competition and more accessible interest rates for consumers.
Assembly opens portal for complaints about interest rates and credit card commissions
The Deputy of Nuevas Ideas and President of the Financial Commission, Dania Gonzalez, informed that the Legislative Assembly enabled a space for citizen consultation to know the opinion about the products and services of the financial system.
Congresswoman Dania González informs that a study will be done on credit card interest rates
Congresswoman for New Ideas (NI), Dania González and president of the Financial Commission, informed that during the week a study will be made to review and establish minimum and maximum amounts of interest rates for memberships and credit cards.