The Banque centrale du Luxembourg (BCL) informs that, based on preliminary data, the main interest rates applied by Luxembourg’s credit institutions to euro area households and non-financial corporations (NFCs) for their loan and deposit operations have on average evolved as follows in August 2022.

Traders are betting on MPC acting aggressively to curb inflation and reinforce its credibility.

The Bank of Thailand (BoT) will raise interest rates gradually.

In recent months, market participants have been closely following global financial developments, particularly the pace of interest rate hikes in the US. For many Hong Kong residents, local interest rate movements directly impact their ability to purchase properties or their financial burden of repaying mortgages. If long-term interest rate risk is a key concern to them, an option worth considering is the Fixed Rate Mortgage Scheme.

"Hong Kong dollar selling" amid U.S. interest rate hikes does not mean capital outflow, and will not affect the financial and monetary stability of Hong Kong, said Paul Chan, financial secretary of the Hong Kong Special Administrative Region (HKSAR) government.

South Africa's rand was flat on Monday, as the dollar continued to surge after more Federal Reserve officials flagged the likelihood of aggressive interest rate hikes.

To achieve our monetary policy goals – maintaining low and stable consumer price inflation while contributing to maximum sustainable employment – we set and influence the level of NZ dollar interest rates in an effort to balance aggregate spending and investment activity (demand) with the supply of goods and services in the economy.

The growth rate of mortgage lending nearly doubled, reaching +1.3% after +0.7% in June, according to preliminary data. About a half of the issued loans were market-based mortgages, which was owing to an overall decrease in interest rates.

In accordance with the Interest Rates Act, the reference rate for the period 1 July – 31 December 2022 is 0.06%. The penalty interest rate for the same period is thus 7.0% pa.

If the Fed's accumulative increase in interest rates amounted to 4 percentage points in two years, not only could the US economy fall into recession, but the world could face a financial and economic crisis.

The US Federal Reserve on June 15 raised its benchmark interest rate by 75 basis points

Under the mechanism, banks are encouraged to adjust their deposit rates based on interest rates in the bond and lending markets