Trump Calls for 10% Cap on Credit Card Interest Rates

By BPN News Desk January 11, 2026

International

US President Donald Trump has called for a one-year cap on credit card interest rates at 10%, saying the move would provide relief to American consumers facing high borrowing costs. He said the proposed cap should apply nationwide and help households struggling with rising debt and interest

International

Bank of Japan Raises Rates to 30-Year High

By BPN News Desk December 20, 2025

The Bank of Japan has raised its benchmark short-term interest rate to 0.75%, taking borrowing costs to their highest level in around three decades. The decision marks a significant step in Japan’s gradual exit from years of ultra-loose monetary policy aimed at combating deflation and weak growth. Inflation and wages drive policy change The rate […]

Business Finance

India’s Central Bank Signals Low Rates Ahead

By BPN News Desk December 17, 2025

The governor of India’s central bank has indicated that the country’s key interest rates are likely to remain low for an extended period as the economy continues to grow steadily. The comments came in the context of ongoing monetary policy discussions and reflect the central bank’s assessment of inflation and economic conditions. Governor’s Outlook on […]

International

Fed Cuts Interest Rates in December Meeting

By BPN News Desk December 11, 2025

The US Federal Reserve has reduced its benchmark interest rate by 25 basis points, setting the new federal funds target range at 3.50% to 3.75%. This marks the third rate cut of 2025, as the central bank aims to support an economy showing signs of slowing while keeping inflation in check. Policymakers Divided on Magnitude […]

Business Finance

ICRA Sees Extended Pause In Interest Rates

By BPN News Desk December 6, 2025

Rating agency ICRA expects the Reserve Bank of India to keep policy interest rates unchanged for an extended period unless economic growth slows meaningfully. The outlook follows the recent move by the central bank to reduce the repo rate by 25 basis points, bringing it to 5.25 per cent. The agency noted that the rate-cut […]

International

Fed Cuts Rates, Cites Data Gaps During Shutdown

By BPN News Desk October 30, 2025

The Federal Reserve (Fed) announced a 0.25 percentage-point reduction in its benchmark interest rate, citing significant limitations in economic data due to the current U.S. federal government shutdown. Chair Jerome Powell highlighted that a lack of timely labour-market and inflation signals is making policy decisions more challenging. The rate cut drew dissent from two

International

Trump Urges Fed to Complete Renovation, Cut Interest Rates

By BPN News Desk July 25, 2025

President Donald Trump visited the Federal Reserve headquarters in Washington on July 24, urging the central bank to wrap up its renovation project and push forward with interest rate cuts. The visit marked a rare presidential appearance at the Fed and underscored Trump’s ongoing focus on economic policy and central bank operations. Renovation Cost Dispute […]