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Local banks react to US interest rate increase

Local banks react to US interest rate increase

Publish Date: 17 Sep 2026 07:28 PM


(CNS): Cayman’s high street banks are wasting no time in responding to the 0.25% interest rate increase in the United States on Wednesday. The banks have begun circulating notices that interest rates here on loans will increase from 6.75% to 7% on Friday. The US Federal Open Market Committee (FOMC) voted unanimously to raise its benchmark
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