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BSP to raise rates faster in 2022 — Fitch Group unit

Metro Manila (CNN Philippines, September 27) — The Bangko Sentral ng Pilipinas may raise interest rates earlier than expected in 2022 in a bid to normalize monetary policy, Fitch Solutions said. In a recent commentary, the US research firm said it now expects the central bank to hike a total of 75 basis points next […]

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Norway becomes first central bank to raise post-Covid rates

The central bank of Norway, also known as Norges Bank, in Oslo, Norway. Kristian Helgesen/Bloomberg | Bloomberg | Getty Images Norges Bank on Thursday became the first major Western central bank to raise interest rates after the start of the coronavirus pandemic. After cutting rates three times in 2020 due to the economic fallout from […]

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FedEx (FDX) to Increase Rates in 2022 in Challenging Environment – September 21, 2021

FedEx Corporation (FDX Quick QuoteFDX – Free Report) will increase shipping rates early next year due to rising costs associated with a “challenging operating environment.” It would also allow the company to serve its customers more efficiently through its continued investment in service improvements, fleet maintenance, technology innovations, and more, FedEx said. Effective January 3, […]

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RBNZ says it will raise rates in small increments

The Reserve Bank (RBNZ) is signaling its intention to raise interest rates much more slowly than it eased monetary policy at the start of Covid-19. RBNZ Deputy Governor Christian Hawkesby delivered that message in a speech finalized on September 15 and released today (Tuesday). He contrasted the approach used by the RBNZ in the early […]

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FedEx (FDX) to raise rates in 2022 amid challenging environment

FedEx Corporation FDX will increase shipping rates early next year due to rising costs associated with a “challenging operating environment”. It would also allow the company to serve its customers more efficiently through its continued investment in service improvements, fleet maintenance, technology innovations, and more, FedEx said. Effective January 3, 2022, the company will increase […]

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DHL will increase its prices for the fourth consecutive year

MARKET VOLATILITY: The 4.9% rate hike stems from unpredictable exchange rates and inflation, as the company raises prices in other countries by that much or more. By Kao Shih-ching / Staff Reporter DHL Express Taiwan Corp (洋基通運) plans to raise average freight rates by 4.9% next year due to inflation, exchange rate volatility and administrative […]

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Synergy North changes could increase rates, but reduce municipal taxes

Proposed amendments for 2024 would require Synergy North to pay interest annually on the debt note to the City of Thunder Bay. THUNDER BAY — A proposed change to Synergy North’s pricing model would result in slightly higher electricity costs, but could be offset by municipal tax savings, executives say. Moving from the current “rate […]

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Allstate wants to raise its rates again. Will state regulators let them?

In Connecticut, regulators on August 19 rejected an offer from Geico, based in Chevy Chase, Maryland, to raise rates by an average of 6%, essentially accusing the company of completely ignoring the effects of the pandemic. “This filing is being dismissed because it is essentially a 6% increase…using LOSS DATA through 12/31/2019,” the department said […]

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Bank of Canada pledges to hike rates before cutting bond holdings

The Bank of Canada has issued guidelines for the first time on how it plans to eventually scale back monetary stimulus, saying it will raise interest rates first before reducing its holdings of government bonds. In a speech on Thursday the day after a firm decision, Governor Tiff Macklem provided details on what he called […]