Interest: What is it and how does it control our pockets?
The article discusses how interest rates set by central banks can significantly impact personal finances and borrowing costs for individuals in different locations such as Michigan and London.
COFIX in January Decreases by 0.12%p... Adjustable Mortgage Rates Drop for the First Time in Five Months
In January, Korea's COFIX, the benchmark for floating mortgage rates, fell for the first time in five months, indicating potential lower borrowing costs for consumers.
Tinubu calls for fairer African financial system
President Bola Tinubu advocates for a more equitable global financial system, emphasizing the need to address the disproportionate borrowing costs faced by African nations due to skewed assessments by credit rating agencies.
Credit card rates hit 'eye watering' record high amid 'toxic mix' warning
Credit card rates in the UK have reached a record high, significantly impacting millions of customers with unprecedented borrowing costs.
UK borrowing costs rise after departure of two key Keir Starmer aides
UK borrowing costs increased following the resignations of two key aides to Prime Minister Keir Starmer, raising concerns about his leadership.
Manufacturers cut loans by N1.44 trillion amid high rates
Nigerian manufacturers reduced their bank loans by N1.44 trillion in 2025 due to high borrowing costs and unfavorable economic conditions.
Why the Bank of England is holding rates despite a weakening economy
The Bank of England has decided to maintain interest rates at 3.75% despite rising unemployment and falling inflation, disappointing expectations for lower borrowing costs amid a weakening economy.
Bank of England holds interest rates at 3.75% - what it means for you
The Bank of England has decided to maintain the interest rate at 3.75%, affecting borrowing costs and savings rates for consumers.
EU deal on Ukraine loan could boost UK if it agrees to help pay costs
The UK may benefit from a €90bn EU loan for Ukraine if it contributes to the borrowing costs, potentially increasing opportunities for British firms to provide defense supplies.
The EU agreed to the idea of a new loan for Ukraine, which would allow for more arms purchases from the UK
The EU indicated that key allies could gain greater access if they make a 'fair and proportionate financial contribution to borrowing costs,' facilitating vital funding for Kyiv amid the approaching fourth anniversary of the war.
UK borrowing costs drop to lowest level in more than a year
UK borrowing costs have decreased to their lowest point in over a year due to improved government finances and expected interest rate cuts.
Mortgage Credit: Greece Among the Top Five Cheapest Countries in the Eurozone
In November 2025, Greece ranked among the top five cheapest countries in the Eurozone for mortgage interest rates, experiencing a steady decrease in borrowing costs and returning to positive credit expansion in housing loans for the first time in 15 years.
Moody's: Budapest's Credit Rating is Junk
Moody's has downgraded Budapest's credit rating to junk status, citing increased borrowing costs linked to a dispute between the city's mayor and the government.