High street banks expected to cut interest rates

High street banks expected to cut interest rates

Publish Date: 19 Dec 2024 06:49 PM


(CNS): Butterfield Bank (Cayman) Limited is the first of Cayman’s high street retail banks to announce an interest rate cut following the reduction in the US Federal Funds Rate yesterday by a quarter point. Butterfield said it will cut its Prime Rate for US and CI dollar lending for residential mortgages, consumer loans and corporate
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