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Federal Reserve Chairman Jerome Powell (CNS): The local banks have agreed to give customers a 30-day notice before rolling out any more interest rate hikes, Premier Wayne Panton told a business audience on Wednesday, just after the US Federal Reserve paused its increases on interest rates in the United States after more than a year…
McKeeva Bush in parliament (CNS): Government will continue to press local banks to reduce interest rates, and it has accepted a motion by McKeeva Bush MP (WBW) to look at creating a local interest rate-setting body and allow the government-funded Cayman Islands Development Bank to accept deposits. But the local retail banks have defended their…