Topic: interest rates
Butterfield posts strong 2025 results
The Bermuda-headquartered bank’s fourth-quarter and full-year earnings report for 2025 saw an increase in net income.
Repositioning capital as short-term rates fall
When the US Federal Reserve changes interest-rate policy, Cayman feels it almost immediately - Richard Maparura explores the impact.
The Fed’s big December decision and what it means for Cayman
In Cayman, we don’t get a vote at the Federal Reserve’s policy meetings, but we definitely feel the consequences.
Cayman property market split in two
Cayman’s mid-range residential property market has seen both prices and transaction volumes cool in recent years, yet the luxury segment continues to outperform.
Local mortgage and loan rates fall following US Fed rate cut
The US Federal Reserve’s 17 Sept. decision to cut the prime interest rate by 0.25 percentage points to between 4% and 4.25% is already impacting borrowing rates in the Cayman Islands.
Lenders slash interest rates following US cut
Interest rates on mortgages and loans have been cut by local banks, following Wednesday’s move by the US Federal Reserve, which should make borrowing cheaper.
Year in review: Christmas dinner more expensive this year
The financial strain that many in the Cayman Islands felt after having faced record inflation in 2022 did not relent in 2023 as interest rates and the cost of living continued to trend upwards adding to an already difficult economic climate.
Marketwatch: Higher for longer
Central banks across developed markets have synchronised their approach on monetary policy. While the onset of the steepest tightening cycle in a generation varied, a more united sense of purpose is now underway with the end of rate hikes coming into view.
Hit or miss? Interest rate control and other policy ideas unpacked
In recent weeks and months, several policy ideas have been bandied about, from establishing a body to control interest rates, to setting a new minimum wage for the islands, to formalising how import concessions are done. Simon Cawdery takes a look at a number of these policy ideas in a bid to sort out the wheat from the chaff.
Premier asks banks to do more to protect borrowers
Delaying interest rate hikes on mortgages and loans for 30 days over the next year will help Caymanian borrowers, but banks can do even more, Premier Wayne Panton has said.
Cayman banks agree to ‘notice period’ before passing on interest rate hikes
Cayman banks have agreed to give a minimum of 30-days notice before passing on any new interest-rate hikes to Cayman customers over the next 12 months.
Lawmakers support motion to pause bank rate increases
Lawmakers voted overwhelmingly on Thursday evening for government to continue discussions with local banks for existing interest rates to be cut and pause further increases.
Surging mortgage rates causing financial havoc for families across Cayman
Cayman Islands homeowners and renters are facing a huge cost of living shock as the impact of rising interest rates hits home.
Bankers refuse premier’s appeal to delay interest rate hikes
Premier Wayne Panton says an appeal he made to Cayman's bankers to slow down increases in interest rates has been rejected.
Rate hikes, recession fears and political backlash leave ESG investors at a crossroads
In an ongoing fight to tame inflation, interest rate hikes are rattling sustainability-focused investing, better known as ESG investing.
Federal Reserve bows to bank-crisis fears with quarter-point rate hike
The Federal Reserve raised interest rates by a quarter-point on March 22, 2023, bowing to market expectations that it would temper its aggressive program of rate hikes amid a still-brewing banking crisis.
US inflation data points to more interest rate hikes
US consumer price growth continued to decline marginally on an annual basis in January to 6.4%, down from 6.5% in December 2022.
Local interest rates rise by another quarter point
Local interest rates for mortgages, consumer loans and corporate are going up by 0.25 percentage points after the US Federal Reserve raised the Federal Funds Rate by the same margin on Wednesday, 1 Feb.
US increases rates by a half-point as inflation trends lower
The US Federal Reserve has raised its policy rate by another half percentage point on Wednesday.
Cayman Islands real estate market ‘normalising’
The Cayman Islands real estate market is cooling down, but not by much.
My mortgage has doubled and a lettuce costs $7, what’s going on?
A combination of rising costs on key essentials, like food, housing and electricity and sharp rises in the cost of borrowing are fuelling a mounting cost-of-living crisis. We investigate what is happening and why.
US interest rates raised by another 0.75 percentage points
The US Federal Reserve has raised its benchmark policy rate by 0.75 percentage points for the fourth consecutive time this year in its battle against higher consumer prices.
US Fed raises interest rate by 0.75 percentage points for third consecutive time
The US Federal Reserve on Wednesday raised interest rates by 0.75 percentage points for the third time in a row this year in an attempt to stamp out high inflation.
US Fed raises interest rates again, increasing local borrowing costs
The US Federal Reserve concluded its two-day policy meeting Wednesday by raising its benchmark interest rate by 0.75 percentage points for the second consecutive month to tackle soaring inflation.
Butterfield raises interest rates in tandem with Fed Funds hike
Butterfield Bank Cayman has raised its prime rate for US and CI dollar lending for residential mortgages, consumer loans and corporate loans by 0.75%.
Butterfield raises interest rates after Federal Reserve’s 0.5% hike
Butterfield Bank has adjusted its prime rate, or base lending rate, for US and CI dollar lending for residential mortgages, consumer loans and corporate loans.
Rising mortgage rates: A focus on the housing market
Rising mortgage rates in 2022 are unlikely to rein in buyers and slow down the housing market like they did in 2018.
Butterfield adjusts rates in response to Fed funds increase
Butterfield Bank has announced that, in step with the recent increase in the US Federal Funds Rate, it has adjusted its prime rate for US and Cayman dollar lending for residential mortgages, consumer loans and corporate loans.
Engineering a soft economic landing from inflationary shock
While high inflation is a better way of paying the COVID bill than high unemployment, it is painful and particularly so for those on low or fixed incomes.
Morici: Low interest rates will affect retirees’ portfolios
Investors more than 10 years from retirement should consider how much cash they need on hand to cover about six months of expenses or upcoming college tuition and beyond that, sink their money into the stock market.
The interest rate’s disappearing act
Who could have ever imagined a world where you lend money with the full acknowledgement that you will be repaid less than the amount owed? So, rather than receiving interest on your hard-earned cash, you pay the borrower for the privilege of taking this cash off your hands.
Rahn: Negative interest rates, upside-down economics
One of the odder destructive effects of very low or negative interest rates is the increased incentive to hold cash. Government officials do not like for citizens to hold large amounts of cash because hoarding cash reduces consumer spending, thus slowing economic growth.
