Local banks react to US interest rate increase

(CNS): Cayman’s high street banks are wasting no time in responding to the 0.25% interest rate increase in the United States on Wednesday. The banks have begun circulating notices that interest rates here on loans will increase from 6.75% to 7% on Friday. The US Federal Open Market Committee (FOMC) voted unanimously to raise its benchmark […]

This post was originally published on this site