INTEREST
BoE’s Pill sees scope for interest rate cuts if UK growth stalls
Bank of England chief economist Huw Pill indicated that interest rates could remain steady or decline if economic growth stalls. Recent financial market predictions suggest potential for at least two interest rate increases within the next year. Economic growth has shown surprising strength, yet households are beginning to tighten their spending due to rising energy costs. While GDP growth is projected at 1.
Gold edges up as softer crude tempers inflation concerns
Gold prices edged higher on Monday as softer oil prices eased inflation concerns, though gains were capped by expectations that the Federal Reserve will keep US interest rates higher
How rising bond yields and interest rates are putting pressure on stock market valuations
Higher yields boost safer investments’ appeal, pressuring equity valuations despite earnings recovery.
FCNR(B) interest bill to keep dollar hedging costs high
As a multibillion-dollar FCNR(B) interest bill escalates, Indian banks grapple with increased dollar hedging expenses. Recently, the Reserve Bank of India mandated new reserve prerequisites for forex derivatives, compounding the challenges for banks that must secure cash reserves against these contracts. A significant number of Indian banks are currently without a robust hedging strategy, frequently depending on short-term contracts.
US employers add 165,000 jobs in October, but worrying joblessness trends remain: Here's what the latest numbers mean for you
US employers added 165,000 jobs in October, resulting in a decrease in the unemployment rate to 4.1 percent. Average hourly earnings saw a year-over-year increase of 3.1 percent, although it remains below the inflation rate. The US Federal Reserve might be considering a potential interest rate hike after the robust jobs report, which could be announced next month.
Thomas Markle investigation: Police apologise to Meghan Markle’s half-brother after naming him person of interest
Thomas Markle Sr. found himself in serious legal trouble in Florida due to alleged possession of child pornography. Initially, his son, Thomas Markle Jr., was labeled a person of interest by police; however, following interviews with acquaintances, the authorities retracted that statement. It was Thomas Jr. who had alerted police after coming across unsettling content among his father's possessions.
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Woman expects 12% interest on fixed deposit, puts Rs 9.5 lakh in Karnataka society, fails to recover money after maturity, consumer court orders society to pay Rs 17.63 lakh
A woman and her family member deposited money in a Karnataka credit society, expecting returns of up to 12% on their fixed deposits. They later struggled to recover their money, including a deposit that had matured. The consumer commission has now ordered the society's office-bearers to repay Rs 17.63 lakh with interest, compensation and legal costs.
Gold drops as strong US payrolls boost dollar, yields
In light of stronger-than-anticipated US payroll figures, gold prices dipped significantly as the data suggested a robust labor market. This development heightened expectations for sustained high-interest rates from the Federal Reserve, bolstering the dollar's strength. Spot gold saw a decline of 0.3% to reach $4,074.36 per ounce, while US gold futures fell by 0.9%. However, Indian retail demand picked up ahead of Diwali festivities, taking advantage of the lower prices.
FD rate up to 8.6% for senior citizens investing for five years; know the list of banks
Senior citizens can invest in fixed deposits with interest rates reaching up to 8.6%. Suryoday Small Finance Bank leads with these attractive rates for a five-year term. Jana Small Finance Bank follows, offering an 8% interest rate on similar deposits.
Federal Reserve rate hike bets strengthen as US jobs growth beats estimates
Stronger than expected US jobs growth has revived expectations of a December Federal Reserve rate hike, with employers adding 165,000 jobs in October against estimates of 65,000. The unemployment rate fell to 4.1%, while markets raised the probability of a quarter point hike to 85% and brought forward expectations of another increase.
SC rejects plea for rules on appointment of ministers with criminal cases
The Supreme Court rejected a public interest litigation seeking guidelines for ministerial appointments facing criminal charges. The court noted that setting uniform standards could lead to issues like political vendetta. The bench emphasized the discretion exercised by prime ministers and chief ministers in appointing ministers. Previous judgments highlighted the importance of responsible decision-making regarding criminally charged individuals in these roles.
Gold set for weekly gain as markets await US payrolls data
Gold prices have seen a surge in early Asian markets, climbing by 0.4% as investors brace for the crucial US non-farm payrolls report. With a projected weekly increase of 5.9%, market sentiment remains optimistic. Two Federal Reserve officials have floated the idea of gradual interest rate hikes to tackle inflation.
Fed's Beth Hammack and Thomas Barkin favour gradual rate hikes as inflation stays high
Two officials from the Federal Reserve have supported modest and steady interest rate increases to combat high inflation. They believe these adjustments should minimize disruptions for households, businesses, and financial markets. The Fed has left interest rates unchanged recently, with discussions ongoing about future hikes in December and early next year. The political landscape has shifted following the midterm elections, potentially changing price pressures in the economy.
Bank of England hikes rates to 4%, first raise since 2023, says more may come amid high UK inflation
In a decisive move, the Bank of England has escalated interest rates to 4% amidst spiraling inflation, projected to hit 4.8% in Q2 next year. Governor Andrew Bailey cautioned that further hikes may be necessary, especially with ongoing global conflicts. Market reactions were notably favorable, with the British pound gaining strength against the US dollar. Enhancements in economic data have prompted economists to revise growth forecasts upwards.
Bank of England raises rates for first time since 2023, says more may come
British inflation is likely to reach around 5% in the middle of next year, the BoE said, more than double the central bank's target and a blow for new Prime Minister Andy Burnham who has sought to ease of cost of living pressures.
Bank of England set to raise interest rates for first time in three years as Iran war fuels inflation
The Bank of England is widely expected to raise interest rates for the first time in three years as the US-Iran conflict fuels energy prices and inflation. Policymakers remain divided over the need for further tightening and the risks to economic growth.
HDFC Bank increases FD interest rates by up to 50 bps: Senior citizens can now earn up to 7.20%; check revised rates
Latest HDFC Bank FD interest rates: HDFC Bank has updated its fixed deposit interest rates as of November 4, 2026. Senior citizens can now secure a top interest rate of 7.20% for deposits ranging from 3 years and 1 day to 5 years. For general customers, the maximum interest rate is set at 6.60% for deposits held between 5 years and 1 day to 10 years.
BOJ policymakers signal scope for faster interest rate hikes
Bank of Japan policymakers are signalling support for further interest rate hikes, with some open to accelerating monetary tightening if inflation rises faster than expected, minutes of the September meeting showed. The BOJ raised its benchmark rate to 1.25%, a 31-year high, as it seeks to keep inflation near its 2% target.
Dollar edges lower as US election outcome cheers global markets
In the aftermath of the Democrat wins during the US midterm elections, the dollar experienced a dip against various currencies. The results alleviated worries regarding political turmoil, sparking an upswing in global stock markets and US Treasuries. Additionally, surging expectations around further interest rate increases from the Bank of Japan bolstered the yen.
UK government announces public interest investigation into Sky deal to takeover ITV's media arm
U.K. Culture Secretary Lisa Nandy plans to intervene in the 1.6 billion-pound deal between Sky and ITV. She aims to introduce new public interest considerations that reflect modern viewing habits. The Competition and Markets Authority will review the takeover for competition concerns. Nandy expects a report addressing media public interest by January 27, which may lead to further investigation. The deal aims to strengthen competition against global streaming companies.
FD interest rates up to 8.60% in November 2026: Compare revised rates of Kotak Mahindra Bank, Axis Bank, Suryoday SFB and Utkarsh SFB
Highest FD interest rates: Several banks have recently raised their fixed deposit interest rates on selected tenures for depositors. Kotak Mahindra Bank and Axis Bank now offer higher rates for general customers and senior citizens.
Oil slide, Treasury strength boost Indian bonds
Indian government bonds experienced an increase due to a significant decline in crude oil prices. A Democratic sweep in the US midterm elections raised hopes for peace in the Middle East. Traders responded positively, adding positions in government bonds as yields softened. Concerns about inflation risks diminished as investors anticipated a delay in interest rate hikes. Market dynamics indicate that Qatar-led mediation efforts are being monitored closely amid these developments.
PNB, Canara Bank revise FD interest rates: Senior citizens can earn up to 7.25%; compare latest rates
HIghest FD interest rate: Punjab National Bank and Canara Bank have updated their fixed deposit interest rates effective from November 2026. Bank of India also revised its fixed deposit interest rates recently with competitive offers.
ETMarkets Smart Talk | Bond markets have priced in nearly four rate hikes. Where should investors invest now?
In this edition of ETMarkets Smart Talk, Piyush Barawal, Director and Senior Fund Manager at WhiteOak Capital, shares his outlook on interest rates and bond yields and explains why the two- to four-year segment of the yield curve could offer an attractive opportunity.
Bank of India revises FD interest rates: Launches 500-day fixed deposit offering 7.35% rate to senior citizens
Bank of India latest FD interest rates: Effective November 2, 2026, Bank of India has revised its fixed deposit interest rates across various terms. A new option, the 500-day BOI Akshay Deposit, has been introduced with attractive rates specifically for senior and super senior citizens. Regular depositors can enjoy a competitive interest rate of 6.85%. With a minimum investment amount set at Rs 10,000, this offers a great opportunity for secure savings.
Goldman Sachs expects Bank of England to raise rates again in February
Goldman Sachs has revised its outlook on the Bank of England's interest rates, now predicting a possible quarter-point rise in November's monetary policy meeting. This would be the first increase since 2023, influenced by climbing energy costs and robust economic growth. Although immediate policy shifts are unlikely, the Bank will vigilantly observe inflation risks, maintaining rates at 4.25% through mid-next year.
BOJ signals December rate hike, but path beyond 1.5% remains uncertain
The Bank of Japan has strengthened signals of a possible December rate hike as inflation remains above target. However, uncertainty over Japan’s neutral interest rate and the impact of higher borrowing costs leaves the central bank’s longer-term tightening path unclear.
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