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Consumers Energy agreed to hike rates, but at a fraction of what it was looking for

State officials approved an increase in electricity tariffs for Consumers Energy to a fraction of the amount originally requested by the company. The Michigan Public Service Commission this month approved a $ 27.1 million tariff increase for the company’s electricity customers, just 12 percent of the $ 225 million increase. dollars requested by Consumers Energy. […]

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The Federal Reserve will cut stimulus faster – and likely raise rates faster, too

The Federal Reserve will step up the pace at which it withdraws support from the economy as inflation rises, and it plans to hike interest rates three times next year. In a sharp policy shift, the Fed said on Wednesday it would cut its monthly bond purchases twice as fast as it previously announced, likely […]

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GDP will increase by 8.2p in FY23, RBI will increase rates by 100bp: Bank of America

The new year will herald the return to normalcy and see growth momentum pick up, a US brokerage firm said on Wednesday, setting the estimate of real GDP growth at 8.2% for fiscal 2022. -2023. Bank of America said the country entered 2021 on an upbeat note with a resumption of economic growth and well […]

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RBI will not hike rates for the next 2 quarters: SBI MD CS Setty

Challa Sreenivasulu Setty, managing director of SBI, said the Reserve Bank of India (RBI) will not raise interest rates in the next 2 quarters. Edited excerpts: Do you expect a drawdown in credit due to continued liquidity easing? The RBI governor also spoke about the discussion paper on fees for payment systems. Given that you […]

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Will the RBI raise its rates today? Strategy for debt fund investors

The Reserve Bank of India’s monetary policy committee meets to decide on the future development of interest rates in the country. However, most money market analysts believe the MPC would keep policy rates unchanged tomorrow due to the uncertainties presented by the spread of the omicron virus. Some debt mutual fund managers believe worries about […]

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Bank of England to review Omicron and raise rates this month

thursday 02 december 2021 15:01 With the emergence of the Omicron variant leaving the specter of the coronavirus hanging over the country, it’s fair to say that the UK economy is not out of the woods just yet (Photo by Leon Neal / Getty Images) The Bank of England will go ahead and hike interest […]

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HDFC and Bajaj Finance raise rates on long-term deposits ahead of RBI meeting

In a move that could provide savers some breathing space, two of the largest non-bank lenders, HDFC Ltd and Bajaj Finance, have raised their long-term deposit rates ahead of the Reserve Bank of India’s monetary policy meeting (RBI ), as a sign that the rate cycle may be turning. India’s largest mortgage lender HDFC Ltd […]