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The increase will push up the cost of borrowing money for things such as mortgages and credit cards but can offer a boost to savers. #InterestRates #BankOfEngland #Mortgage #Money #BBCNews
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Binance has set aside more than US$6.3 billion (S$8b) of company funds to cover all the losses from a hack of its platform, said Binance co-CEO Richard Teng. The world’s biggest cryptocurrency exchange worked on Oct 31 to shore up public confidence after facing a record US$6.3 billion hacking incident, which analysts blamed on North Korea and said could be the largest financial heist of all time. #Binance #crypto #cryptocurrency #hacking #viralnews #StraitsTimes
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Mortgage holders are set to be hit with the highest interest rate levels since the global financial crisis almost 18 years ago. The Reserve Bank has announced a hike of 25 basis points from 4.6 per cent to 4.85 per cent, the highest level since November 2008. It’s the fifth rate rise in 2026 as the RBA tried to bring inflation down from above 4 per cent and into the target range of 2-3 per cent. Watch 7NEWS at 6pm for full coverage of today's announcement and what it means for your household. #i
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