interest rate Tag

Posted On August 16, 2017By HoudiniIn News

Is your wallet getting lighter and lighter?

A think tank sees larger loan-to-deposit ratios in banks as indicating that Malaysians are finding it harder to save money.  PETALING JAYA: The Institute for Democracy and Economic Affairs (Ideas) has voiced concern that the average Malaysian may be in a worse financial strain that previously thought. Referring to a recent Bloomberg report that the loan-to-deposit ratios in the nation’s banks are at an all-time high, Ideas external relations manager Azrul Khalib said this could indicate that disposable incomes were decreasing and Malaysians therefore had less to save. “It isRead More

Posted On March 13, 2017By HoudiniIn News

Banks accused of $3.5 billion credit card rip-off

AUSTRALIANS are being ripped off billions of dollars because of greedy banks’ refusal to pass on interest rate cuts, consumer group Choice says. As the big four banks front up at today’s Parliamentary Inquiry hearings — and homeowners await this afternoon’s Reserve Bank rates announcement — there is one frustrating rate that never seems to budge. Credit card interest rates have barely changed in six years, even though the RBA cash rate has dropped by 3.25 per cent since mid-2011. Choice’s analysis, based on date from comparison site Mozo, hasRead More