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The US Federal Reserve raised interest rates again on July 27, in a second abrupt escalation one month apart, an additional 75 basis points, or 0.75 percentage points, was added to several prior actions for a total estimated increase of 2.25 percenta...

Butterfield Bank’s increased interest rates on loans by half a percentage point comes with a warning that more increases are likely to come soon. The bank absorbed a third of the 75-basis-point increase in the target range of the US federal funds rat...

The US Federal Reserve, the country’s central bank, boosted its benchmark overnight interest rate by 75 basis points today as it seeks to control runaway inflation in the world’s largest economy. The three-quarters of a percentage point rise is the F...

Borrowers will pay more for their loans and mortgages after Butterfield Bank raised its rates in response to the historic 75 basis point increase by the US Federal Reserve

Only one Bermuda bank has taken action since the largest interest rate hike by the Federal Reserve in more than two decades. The midweek hike of 50-basis points in the US Federal Funds Rate led to near immediate action from Butterfield Bank, raising ...

Only a couple of months ago, investors were hoping for an end to the pandemic. Now, the headlines are dominated by the Russian-Ukrainian war. After months of amassing troops near the Ukrainian border, Russian president, Vladimir Putin finally declar...

Plans for the new session of Parliament could be hit by a lack of cash, a top economist warned last night. Craig Simmons, a Bermuda College lecturer, added that last Friday’s Throne Speech lacked detail. Mr Simmons said the speech was “ambitious”. He...

The Government’s plan to tie the base lending rate charged by Bermuda’s banks to the US prime rate will not necessarily mean cheaper loans for borrowers, financial experts warned yesterday. Nathan Kowalski, a financial columnist for The Royal Gazett...

Government has called on Bermuda’s banks to cut their base interest rates in the face of the threat posed by the coronavirus. Pointing to Tuesday’s move by the US Federal Reserve to cut its benchmark interest rate by 50 basis points to a range of 1 p...

Some borrowers in Bermuda will pay more interest on their loans and mortgages after the US central bank raised rates by a quarter-point and signalled more increases to come. Butterfield Bank said last night that it would increase its lending rates i...

In a previous opinion — “Are black OBA members on the white side of history” — I explained my reason for joining the One Bermuda Alliance. I expressed a shared concern that after the political rhetoric has subsided, the issue Bermudians will care mos...

Butterfield Bank will not raise residential mortgage rates in the wake of the US Federal Reserve hike of 0.25 of a percentage point. Speaking after the first Fed increase in nearly a decade, a Butterfield spokesman said that it would not raise its ra...