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Worldwide business news with international business, banking, interest rate, stock market, currencies and fund
WORLD PROPERTY JOURNAL |
According to new data from the U.S. Housing and Urban Development and Commerce Department, total housing starts increased 3.8 percent in October 2019 to a seasonally adjusted annual rate of 1.31 million units.
Reserve Bank of New Zealand |
The Monetary Policy Committee has decided to keep the Official Cash Rate (OCR) at 1.0 percent.
Reserve Bank of Australia |
Board decided to leave the cash rate unchanged at 0.75 per cent.
FEDERAL RESERVE SYSTEM |
FED decided to lower the target range for the federal funds rate to 1-1/2 to 1-3/4 percent
Bank of Canada |
The Bank of Canada today maintained its target for the overnight rate at 1 ¾ percent. The Bank Rate is correspondingly 2 percent and the deposit rate is 1 ½ percent.
WORLD PROPERTY JOURNAL |
Single-family homes and condos sold for a median price of $270,000 in the third quarter, up 2.9 percent from the previous quarter and up 8.3 percent from a year ago -- reaching a new high.
European Central Bank |
The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.50% respectively.
Bloomberg |
Going forward, scale will likely matter even more as banks head into an arms race on technology
WORLD PROPERTY JOURNAL |
National average residential rent in the U.S. decreased for the first time since February 2017, dipping by -0.1% ($1) from last month to $1,471.
Reuters |
Demand for newly built houses in England has fallen to a six-year low as home buyers await more certainty over Brexit before going ahead with a major purchase, according to an annual survey of small construction companies.