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Bank Rate maintained at 3.75% – July 2026 Monetary Policy Summary and Minutes
Monetary Policy Summary, July 2026 At its meeting ending on 29 July 2026, the Monetary Policy Committee (MPC) voted by a majority of 6–3 to maintain Bank Rate at 3.75%. Three members voted to increase Bank Rate by 0.25 percentage points, to 4%. In response to events in the Middle East, crude and refined energy…
My dealer wants me to trade in my EV. Should I consider it?
I have a 2023 Hyundai Kona Electric. I bought it new and have a couple of years left on the loan. This summer, I’ve been getting almost monthly emails from the dealership offering an “upgrade.” They say I could trade it in and get a 2026 Kona EV for nearly the same payments I’m making…
RBI extends recovery norms deadline, eases certification timeline | Finance News
The Reserve Bank of India (RBI) on Thursday said its revised directions on loan recovery and engagement of recovery agents would now be effective on January 1, 2027, extending it from the earlier proposed October 1, 2026. It has allowed regulated entities (REs) that were not covered by certification requirements a one-year…
Mortgage Professionals Canada welcomes its 2026–2027 board
Mortgage Professionals Canada’s members elected the association’s 2026–2027 board of directors at Wednesday’s annual general meeting, with Kuljit Singh succeeding Maxime Stencer as chair. Singh, who joined the board in 2020 and served as vice-chair over the past year, will lead an executive committee that includes Clinton Wilkins as vice-chair, Bhavna Bhasin as secretary and…
U.S. Pending Home Sales, New Listings Show Flickers of Life to Start August
The housing market is gaining slight momentum as the summer winds down, but demand remains subdued overall. U.S. pending home sales edged up 0.4% week over week during the four weeks ending August 9 on a seasonally adjusted basis, offering a small boost to this summer’s sluggish housing market. Mortgage-purchase applications rose 3% week over…
Systematic investing in individual stocks: Things to know before starting | Personal Finance
Many people begin investing with systematic investment plans (SIPs) in mutual funds. Over time, as confidence grows and market knowledge improves, some begin to wonder whether the same disciplined approach can be applied to individual stocks. After all, if systematic investing works for mutual funds, why not for stocks? The answer is both yes and…