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Stocks slide as Fed, BSP hike rates – Manila Bulletin

Stocks slide as Fed and BSP raise rates The local stock market fell further after the US Federal Reserve raised rates by 75 basis points as expected. The main index fell 39.98 points or 0.63% to close at 6,301.71 as the property sector led the retreat while the Bank rose. Volume rose to 641 million […]

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The Fed is about to raise rates again. Here’s what that means for your money.

On Wednesday, the Federal Reserve will once again turn to its most powerful tool in an attempt to tame the hottest inflation in four decades: rising interest rates. The central bank is expected to raise rates another 0.75%, which would mark its third straight increase of this magnitude and its fifth overall rate hike this […]

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Here’s how the latest Fed interest rate hike will affect you

The Federal Reserve said Wednesday it was once again turning to its most potent weapon to curb the hottest inflation in 40 years: Increase in interest rates. The central bank raised its benchmark interest rate by 0.75 percentage points, marking the fifth hike this year and the third consecutive increase of this magnitude. Higher rates […]

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Interest rates: the Reserve Bank will continue to raise rates until 2023

Australian homeowners can expect rates to rise again when the Reserve Bank meets next month. Economists now predict rates will rise another 0.50 percentage points in October. The central bank raised its key rate by 50 basis points to 2.35% at the start of the month, the fifth hike in as many months. However, the […]

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The global race to hike rates is tipping economies into recession

The Fed seems willing to tip the US into a slump if that is what is needed to defeat inflation. Other central banks are ready to make the same bet Rich Miller, Bloomberg September 19, 2022, 9:40 PM Last modification: September 19, 2022, 9:45 PM Photographic illustration: 731; photos: Getty Images/Bloomberg “> Photographic illustration: 731; […]

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Norway to hike rates by 50 basis points this week – Reuters poll

Join now for FREE unlimited access to Reuters.com Register 28 out of 30 economists see a 50 basis point hike to 2.25% on September 22 The rate would be the highest since 2011 Core inflation in Norway exceeds central bank target OSLO, Sept 19 (Reuters) – Norway’s central bank is expected to raise its benchmark […]

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Weekly Outlook: US set to hike rates 75 basis points as BoE holds postponed meeting

monday september 19 – Rightmove survey of UK house prices – US Homebuilding Industry Survey NAHB – In the United States, the quarterly results of Auto area and Lennar tuesday september 20 – Half-year results of Haleon, Henry Boot, Kingfisher and Anexo – Commercial statements of Three and TUI – Japanese inflation figures – Flash […]

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State Commission votes to raise rates for public sector workers

The State Health Benefits Commission today voted 3-1-1 in favor of an almost 20% increase in the amount state public sector workers will contribute next year to their health insurance premiums . According to Aon Insurance: 2023 state active specialty copays for CWA plans increased $15 more than current; increase in urgent payments to $30 […]

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India’s RBI could hike rates by 50bps as inflation picks up – analysts

A man walks behind the Reserve Bank of India (RBI) logo inside its head office in Mumbai, India, April 8, 2022. REUTERS/Francis Mascarenhas/File Photo Join now for FREE unlimited access to Reuters.com Register MUMBAI, Sept 13 (Reuters) – The Reserve Bank of India could raise interest rates by another 50 basis points this month after […]

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Euro gains as ECB set to raise rates further

LONDON, UK — The euro soared against its arch-rivals on Monday, a day after Bundesbank President Joachim Nagel signaled further interest rate hikes from the European Central Bank to fight against spiraling inflation. The single European currency jumped 1.6% against the yen and more than 1.4% against the dollar. The ECB last week raised euro […]

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USPS would face tougher climb to raise rates under new House bill

Biannual increases in postage rates could be halted if a bill introduced in the House becomes law. Representative Gerry Connolly, Democrat of Virginia, authored the Ensuring Accurate Postal Rates Act, a measure requiring the Independent Postal Rate Commission to review the power of the U.S. Postal Service to raise rates twice a year and above […]

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Bitcoin (BTC) Surges Over 8% As Central Bank Rates Rise By DailyCoin

© Reuters. Bitcoin (BTC) Rises Over 8% as Central Bank Rates Rise Bitcoin (BTC) rose 8.53% to $20,811 in the past 24 hours, the most seen in more than a month, as markets reacted positively to a record rate hike by the Bank European Central Bank (ECB) and Federal Reserve Bank (Fed) Chairman Jerome Powell’s […]

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Fed will raise rates by at least 4% in case of hell or high water, says former Fed vice chairman – USA Herald

Richard Clarida, FORMER Vice Chairman of the US Federal Reserve According to former Fed Vice Chairman Richard Clarida, the Federal Reserve will definitely raise rates to 4% or more because policymakers have no room for error in their fight against inflation. The central bank’s aims to control prices are clear, especially after President Jerome Powell’s […]

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NAB and ANZ hike rates, Qantas reveals Alan Joyce pays; ASX win after break to remember Queen Elizabeth

The Australian equity market ended the week higher as NAB and ANZ raised mortgage interest rates and Qantas revealed that Alan Joyce had returned to his full base salary. The ASX 200 closed 0.7% higher on Friday at 6,894 points. The benchmark also closed higher on Thursday with a strong 1.8% gain and this latest […]

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Fed ‘could very well’ hike rates 75 basis points this month, Evans says

Chicago Federal Reserve Chairman Charles Evans attends the Global Center for Interdependence member delegation event in Mexico City, Mexico February 27, 2020. REUTERS/Edgard Garrido Join now for FREE unlimited access to Reuters.com Register Sep 8 (Reuters) – Chicago Federal Reserve Chairman Charles Evans joined his fellow U.S. central bank policy officials on Thursday in saying […]

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Fed’s Powell to hike rates ‘until the job is done’

Kenny Polcari, Managing Partner of Kace Capital and FOX Business Market Analyst, and Bryce Doty, Senior Vice President of Sit Investment, discuss the possibility of another rate hike and the new UK Prime Minister’s proposal to cap energy bills. Federal Reserve Chairman Jerome Powell makes sure there are no gray areas when it comes to […]

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EU Price Cap Plan; ECB to raise rates; should big businesses face higher electricity charges – The Irish Times

EU plans to cap electricity prices would cut the cost by about half of Republic supplies if the bloc follows through on proposals to curb energy inflation, report Naomi O’Leary and Barry O’Halloran. The EU is preparing to cap the cost of electricity from sources other than gas, according to a draft seen by The […]

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Local hearing on water company’s offer to raise tariffs

WESTPORT — A hearing on Aquarion Water Co.’s request to raise rates to cover projected “operating deficiencies” over the next three years will be held Thursday in Westport. The in-person hearing, conducted by the State Utilities Regulatory Authority, will begin at 5:30 p.m. Thursday, September 8 at City Hall, 110 Myrtle Ave. The proposed rate […]

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Thai c.bank to gradually raise rates to contain inflation

Join now for FREE unlimited access to Reuters.com Register The economy is expected to grow about 3% this year, 4% next year The economy is expected to return to pre-pandemic levels by the first quarter of next year C.bank is expected to raise its key rate again later this month BANGKOK, Sept 7 (Reuters) – […]

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BOE to raise rates by 50 basis points at September meeting – Goldman Sachs

Goldman Sachs economists, in their latest note, maintained the view of a 50 basis point rate hike by the Bank of England (BOE) in its September policy decision while revising their forecast upwards. an increase of 50 basis points in the coming months. key quotes “Looking ahead to the September meeting, the MPC is expected […]

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RBA has ‘little choice’ but to raise rates in September

The Reserve Bank of Australia looks set to raise the official exchange rate at the September meeting with persistently high inflation, leaving it with “little choice.” According to a new Finder survey, 97% of experts predict another rise in cash rates this week, with 64% expecting the RBA to hike rates by 50 basis points. […]

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The Weekly Bottom Line: Canada – Full steam ahead to raise fares

United States Highlights A good week for economic data as the ISM manufacturing index and the payroll report surprised on the upside. Details from both reports showed improvements on the supply side of the economy due to lower inflow from manufacturers prices and a strong improvement in the labor force were felt. The Fed still […]

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The job is not done: the Bank of Canada will raise rates again

Another significant 75 basis point hike in the overnight rate is what we expect from the Bank of Canada next week. This would bring the rate to a restrictive level of 3.25%, just above the 2% to 3% range that the central bank deems “neutral” (the rate at which interest rates do not add or […]

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Buenos Aires Weather | Central Bank set to raise rates again in case of price spike

Argentina’s central bank is preparing to raise its benchmark Leliq rate again next month as annual inflation tops 70%, according to people with direct knowledge of the matter. The Central Bank’s board has already decided to tighten borrowing costs further in September, with a hike likely to reach 500 basis points, the sources said, asking […]

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Central Bank of Argentina set to raise rates again due to soaring prices

(Bloomberg) – Argentina’s central bank is preparing to raise its benchmark Leliq rate again next month as annual inflation tops 70%, according to people with direct knowledge of the matter. Bloomberg’s Most Read The central bank’s board has already decided to tighten borrowing costs further in September, with a hike likely to reach 500 basis […]

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BMTC to increase fares for school bus services by Rs 5 per km from 1 September

Representative image (Courtesy of Srinivas Alavilli @srinualavilli) Photo: Twitter bangalore: The Bengaluru Metropolitan Transport Corporation (BMTC) will increase the rates for the chartered services it provides to educational and other institutions by Rs 5 per km from September 1. to rent out. BMTC officials said the rates for charter services had not been revised since […]

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Tokyo stocks plunge after Fed pledges to hike rates

TOKYO – Shares in Tokyo fell on Monday after U.S. Federal Reserve Chairman Jerome Powell pledged to act “forcefully” against soaring inflation, signaling more rate hikes to come. The benchmark Nikkei 225 fell 2.66%, or 762.42 points, to close at 27,878.96, while the broader Topix index lost 1.79%, or 35.49 points, at 1,944.10. The dollar […]

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Tokyo stocks plunge after Fed pledges to hike rates – Markets

TOKYO: Shares in Tokyo fell on Monday after U.S. Federal Reserve Chairman Jerome Powell pledged to act “forcefully” against soaring inflation, signaling more rate hikes to come. The benchmark Nikkei 225 fell 2.66%, or 762.42 points, to close at 27,878.96, while the broader Topix index lost 1.79%, or 35.49 points, at 1,944.10. The dollar settled […]

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Powell: Fed could raise rates sharply in coming months to keep inflation under control

Powell acknowledged that the Fed’s continued tightening of credit will cause difficulties for many households and businesses, as its higher rates further slow the economy and potentially lead to job losses. “These are the unfortunate costs of reducing inflation,” Powell said in the written version of a high-profile speech he delivers at the Fed’s annual […]

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Fed only needs to raise rates another 100 basis points, says Siegel

The Federal Reserve only needs to raise interest rates another 100 basis points in this tightening cycle, Wharton professor Jeremy Siegel told CNBC on Friday. The economy is already showing signs of slowing with the four rate hikes announced so far this year, he said. The Fed’s favorite inflation gauge, the core PCE, was weaker […]

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Wharton’s Jeremy Siegel says the Fed only needs to hike rates another 100 basis points – NBC Los Angeles

“I think we only need 100 basis points more,” Wharton Business School professor Jeremy Siegel told CNBC’s “Squawk Box Asia.” “The market thinks it will be a bit more – 125, 130 basis points more. I feel like we won’t need that much because of what I see as a downturn.” “If you want to […]

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Expert Poll: Fed to Raise Rates as Recession Worries Rise

Federal Reserve expected to raise interest rates by fifty basis points in September amid growth recession concernsaccording to economists in a new Reuters poll. “Most economists … predicted a half-percentage-point hike next month, similar to the last poll, which would take the key interest rate to 2.75%-3.00%,” he said. said the news agency. wrote. “Eighteen […]

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The Fed will raise rates by 75 basis points in September

The Fed’s September FOMC meeting will produce another outsized interest rate hike, according to JPMorgan. The bank expects the Fed to hike rates 75 basis points in September before pivoting. Cooling inflation data and a Fed pivot should continue to bode well for growth stocks, JPMorgan said. Loading Something is loading. Investors should expect another […]

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Fed officials united on need to raise rates, divided on how high to go

San Francisco Federal Reserve Chair Mary Daly poses at the bank’s headquarters in San Francisco, California, U.S., July 16, 2019. REUTERS/Ann Saphir/File Photo Join now for FREE unlimited access to Reuters.com Register Aug 18 (Reuters) – The Federal Reserve must keep raising borrowing costs to rein in high inflation, a series of U.S. central bank […]

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The Fed is going to hike rates again and that’s moving the markets

Markets reacted cautiously to the minutes of the recent Fed meeting which revealed a Fed inclined to raise rates further in order to keep inflation under control. However, the minutes also raised hopes that the Fed would slow its pace of rate hikes. Asian stocks ended with losses. European stocks are trading higher. Wall Street […]

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ECB will continue raising rates to slow inflation, Kazaks say

The European Central Bank will continue to raise interest rates, according to Governing Council member Martins Kazaks. “At the moment what we see is that inflation is unacceptably high, in Latvia above 20%,” Kazaks said in an interview with Latvia’s TV3. “Monetary policy has already become more restrictive from last December: at the beginning we […]

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Fed officials united on need to raise rates, divided on how high to go – Reuters

The Federal Reserve must continue to raise borrowing costs to rein in high inflation, a series of U.S. central bank officials said on Thursday, even as they debated how quickly and how far to raise them. St. Louis Fed President James Bullard said given the strength of the economy, he is currently tilting for a […]

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Postal service to raise holiday mailing rates

Postal service to raise holiday mailing rates It will cost more to send packages this holiday season in what the United States Postal Service (USPS) calls a “temporary price adjustment.” While official nonprofit rates will remain the same, package shipping for items from website sales and large donor bonuses will be subject to higher rates. […]

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BSP looks set to raise rates again

Bangko Sentral of the Philippines. (File Photo/Philippine Daily Inquirer) The Monetary Board (MB) is expected to raise the key rate of Bangko Sentral ng Pilipinas (BSP) again at the August 18 meeting, this time by 0.5 percentage point (ppt) to 3.75%, the peak of inflation has not yet been reached. seen. Economic think tanks also […]

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BSP could raise rates by 50 basis points – poll

People walk through a market in Marikina City on June 17. — PHILIPPINE STAR/ WALTER BOLLOZOS By Keisha B. Ta-asan THE BANGKO SENTRAL ng Pilipinas (BSP) is widely is expected to raise the benchmark rate on Thursday, with most analysts forecasting a 50 basis point (bp) increase afterflation accelerated to a nearly four-year high in […]

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Carriers continue to suffer financial losses and increase fares

Allstate has delivered on its promise to investors to aggressively pursue rate increases to return its auto insurance business to profitability, but continues to suffer huge losses, similar to those suffered by Progressive and GEICO. Allstate previously announced the implementation of rate increases totaling $258 million in July and $601 million in the quarter after […]

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RBI set to raise rates to pre-pandemic levels, focus shifts to political track

RBI to hike rates, focus on central bank growth and inflation outlook The Reserve Bank of India is expected to raise interest rates today for the third time since the start of the current fiscal year to bring inflation down to above the central bank’s upper target threshold since January. The focus is on the […]

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Pound crashes as Bank of England warns UK of falling into recession this year

The pound fell after the Bank of England’s announcement on Thursday. Photo: PA Media The pound tumbled against the dollar (GBPUSD=X) on Thursday, wiping out gains made earlier in the day as traders digested the Bank of England’s decision on UK interest rates. Threadneedle Street raised rates by 50 basis points (bps) in a bid […]

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Daily FX Update: BoE expected to hike rates by 50 basis points

© 2022 SVB Financial Group. All rights reserved. SVB, SVB FINANCIAL GROUP, SILICON VALLEY BANK, MAKE NEXT HAPPEN NOW and the chevron are trademarks of SVB Financial Group, used under licence. Silicon Valley Bank is a member of the FDIC and the Federal Reserve. Silicon Valley Bank is the California banking arm of […]

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Bank of England could raise rates to maximum in decades

Text size Then the Bank of England has so far sought to combat soaring prices with a series of quarter-point interest rate hikes. Daniel Leal/AFP/Getty Images Britain’s central bank will decide on Thursday whether to join the Federal Reserve in triggering a bigger-than-expected interest rate hike. The Bank of England could impose its biggest rate […]

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RBA expected to hike rates another 50bps to slow inflation

U.S. stock markets climbed 4.26% last week, capping a 9.26% gain in July, the best month since November 2020. The rally accelerated after last week’s FOMC meeting was less hawkish than expected. The ASX200 closed 2.26% higher for the week, locking in a 5.74% gain for July, supported by the Wall Street rally and last […]

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Forex Signals Brief August 1: RBA and BOE to hike rates by 50 bps

Market review last week We had negative signs early last week as business sentiment in Europe and consumer confidence in the United States continued to weaken, according to reports on Monday and Tuesday. Wednesday morning’s CPI report showed Australian inflation at a multi-decade high, although the day was dedicated to the Fed meeting and the […]

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ICICI Bank, Bank of India and Indiabulls hike rates ahead of MPC meeting

ICICI Bank, Bank of India, Indian Bank and Indiabulls Housing Finance raised their lending rates on Monday, acting ahead of the Monetary Policy Committee (MPC) meeting scheduled for later this week. ICICI Bank increased its marginal cost of funds-based lending rate (MCLR) by 15 basis points across all tenors. The overnight and one-month MCLR […]

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Billionaire investor Bill Ackman says the Fed needs to raise rates to at least 4% to get inflation under control

Billionaire investor Bill Ackman has warned that the Federal Reserve will need to raise interest rates to at least 4% in a bid to curb soaring inflation.Richard Drew/AP Bill Ackman says the Federal Reserve needs to raise interest rates to 4% or more as it tries to rein in soaring prices. “A neutral rate of […]

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Billionaire investor Bill Ackman says the Fed needs to hike rates to at least 4% to get inflation under control

Billionaire investor Bill Ackman has warned that the Federal Reserve will need to raise interest rates to at least 4% in a bid to curb soaring inflation.Richard Drew/AP Bill Ackman says the Federal Reserve needs to raise interest rates to 4% or more as it tries to rein in soaring prices. “A neutral rate of […]

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As the Fed continues to hike rates, expect bond market volatility

IInterest rates are currently in a target range of between 2.25% and 2.50% after the last high of 75 basis points hit by the Federal Reserve this week. The increase comes in response to June’s unexpected CPI of 9.1% as the Fed remains committed to its fight against inflation. The fed funds target is now […]

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RBI to hike rates from 0.35% to 0.5% in August 5 review: Axis Bank chief economist

The Reserve Bank’s rate-setting committee will raise the benchmark rate by 0.35 to 0.50 percent at next week’s review meeting, Axis Bank chief economist Saugata said Thursday. Bhattacharya. A hike of such amount will lift the repo rate beyond the 5.15% level, at which the RBI had started the ultra-accommodative measures […]

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RBI to raise rates by 35 basis points at next week’s meeting: report: The Tribune India

PTI Bombay, July 27 The RBI’s rate-setting panel will opt for a 0.35% hike in the key repo rate when it meets next week, a US brokerage said on Wednesday. The rise will be accompanied by a shift in policy stance toward “calibrated tightening,” Bofa Securities said in a report released ahead of […]

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The US Fed increases by 75 bps; Could boost rates another 100bps, expert says

The first rate hike by the US Federal Reserve was unexpected, but the 75 basis point or 0.75% hike announced yesterday was not. The US key rate is now between 2.25 and 2.5% and as the hike was in line with expectations, markets reacted dovishly to the press conference and comments from Fed Chairman Powell. […]

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5 things to know on Wednesday

The Fed is expected to announce an interest rate hike The Fed is expected to announce another interest rate hike at the end of its 2-day Federal Open Market Committee meeting on Wednesday afternoon. The release of the Consumer Price Index this month revealed that inflation increased by 9.1% in June compared to the same […]

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The Fed expects a rate hike. Is this enough to avoid a recession?

Internet Explorer 11 is not supported. For an optimal experience visit our site on another browser. NEXT Buy or rent a car? How to avoid roadblocks in a time of high inflation 03:34 How to translate everyday skills into buzzwords for your CV 05:01 How a summer surplus and inflation are changing the way we […]

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Fed set to hike rates on Wednesday, heading into recession to tame inflation

JThe Federal Open Market Committee of the US Federal Reserve, the guardian of the key federal funds interest rate, began a two-day meeting Tuesday in Washington and is expected to raise the benchmark rate by three-quarters of a percentage point, raising the chances of a US recession as the country’s central bank attempts to rein […]

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Dudley says the Fed will raise rates much further than markets expect

(Bloomberg) – Financial markets are underestimating how far the Federal Reserve will go to rein in decades-high inflation, according to former New York Fed Chairman Bill Dudley. Bloomberg’s Most Read During a press conference following the central bank’s decision to raise interest rates an additional 75 basis points, Chairman Jerome Powell repeatedly referred to his […]

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BSP has room to raise rates further – AMRO

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) still has room to continue raising policy rates, following last week’s off-cycle rate hike, the ASEAN+3 Macroeconomic Research Bureau (AMRO) said. . In a briefing, AMRO Chief Economist Hoe Ee Khor said the recent 75 basis point hike in the BSP, which took the policy rate […]

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The Fed is expected to raise rates by 75 basis points next week. Here’s what you need to know

What is happening The Federal Reserve is trying to slow inflation by raising interest rates without causing a slowdown, but experts say a “soft landing” seems less likely. The Fed is expected to hike rates next week. why is it important With the Fed’s projections to continue raising rates, there will be consequences – most […]

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European Central Bank expected to raise rates “another 1.25%” before the end of the year

Around 300,000 households with tracker mortgages are facing an increase in the cost of their home loan that will immediately add €1,000 to the annual cost of servicing their home loan, experts say, and will face further costs. higher by the end of the year. It comes after the European Central Bank raised official rates […]

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BMO: Bank of Canada could hike rates up to 6% to control inflation

The Bank of Canada’s surprise and colossal 100 basis point rate hike signaled that inflation has become entrenched and policymakers are still lagging behind when it comes to reining in runaway prices. However, it seems that the central bank is far from having completed its tightening: according to BMO, the overnight rate could reach 6% […]

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The Rupee Challenge: RBI Doesn’t Need to Defend the Rupee and Should Only Raise Rates to the Extent Necessary to Tame Inflation

Given the appreciation of the dollar, continued capital outflows from stock markets and demand from importers, it is no surprise that the rupiah broke through the 80 mark against the greenback, albeit for a brief period. The Reserve Bank of India (RBI) has intervened in the currency markets to provide dollars, but only to a […]

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Many economists expect MPC to hike rates by 50 basis points

The SA Reserve Bank’s Monetary Policy Committee (MPC) is meeting this week to discuss the direction local interest rates should take, with some pointing to a likelihood of a 50 basis point hike to 5.25 %. Results of a recent Reuters poll of more than 20 economists found that 19 out of 23 economists expect […]

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European Central Bank set to hike rates for first time in 11 years

The European Central Bank is set to make its first interest rate hike since 2011 this week, but markets are already moving quickly to focus on a path of higher rates beyond Thursday as markets economic outlook is darkening. This outlook is darkening day by day as inflation continues to accelerate […]

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High inflation could push the central bank to raise rates further

Fuel retailers will lower pump prices for petroleum products on Tuesday. — PHILIPPINE STAR/ WALTER BOLLOZOS RISE IN INFLATION could prompt the Bangko Sentral ng Pilipinas (BSP) to consider more rate hikes this year, according to Fitch Solutions Country Risk & Research. At the same time, the central bank should ensure that its efforts to […]

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Fed expected to hike rates by three-quarters point on new economic signals

Faced with a slowing economy and inflation showing signs of at least a peak if not a pullback, the Federal Reserve will likely raise interest rates next week by three-quarters of a percentage point. For a brief period last week, markets flirted with the idea of ​​the central bank deciding a full percentage point. But […]

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Slowing deposit growth will force banks to raise rates: RBI

MUMBAI (Reuters) – Banks will be forced to raise deposit rates in coming months as credit growth far outpaces deposit growth, according to a report from the Reserve Bank of India on Saturday. He said the economic outlook has brightened and the conditions for a high and sustainable growth path have strengthened, thanks to normal […]

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Soaring inflation increases pressure on Nigeria to hike rates again

Breadcrumb Links PMN Company Nigeria’s inflation rate hit its highest level in five years in June, raising the likelihood of the central bank raising interest rates again next week. Author of the article: Bloomberg News Anthony Osae-Brown u832[c1]}(y2qqle{0fc02xd_media_dl_1.png Bloomberg RSS Feed Content of the article (Bloomberg) – Nigeria’s inflation rate hit a five-year high in […]

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Inflation pushed BSP to raise rates by 75 basis points – UOB

UOB Group Senior Economist Julia Goh and Economist Loke Siew Ting comment on BSP’s recent decision to unexpectedly hike rates by 75 basis points. Key points to remember “In a regular but unscheduled monetary policy meeting this morning (July 14), Bangko Sentral ng Pilipinas (BSP) raised its overnight repo rate (RRP) by 75 basis points […]

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Poland to raise rates in September, says central banker Kotecki

WARSAW, July 15 (Reuters) – Poland’s central bank will raise the cost of credit at its next rate-setting meeting in September, Monetary Policy Council (MPC) member Ludwik Kotecki said on Friday as he warned that the country was heading for “textbook stagflation”. Concerns about slowing growth led the central bank to raise rates less than […]

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Investors peg a 50% chance the Fed will hike rates by 100 basis points

Investors expect a 50% chance that the Fed will raise interest rates by a full percent this month. With inflation up 9.1% through June, expectations of Fed tightening are rising. The last time the central bank raised rates by 100 basis points was in early 1989. Loading Something is loading. Higher-than-expected inflation through June has […]

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Fed could hike rates 100bp after hot CPI reading: El-Erian

June’s hot CPI reading of 9.1% will force the Fed to react aggressively, Mohamed El-Erian said in the Financial Times. According to the top economist, a 1 percentage point hike could be on the table for this month’s meeting. “Be in no doubt: the latest inflation numbers are indicative of rough seas ahead,” El-Erian said. […]

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Gold prices slip on fears the Fed will hike rates more aggressively

Gold prices fell on Thursday morning as bullion’s outlook was hurt by fears that the US Federal Reserve will hike interest rates more aggressively this month to combat soaring global warming. ‘inflation. Spot gold fell 0.24% to $1,726.92 an ounce at 9:08 a.m. UAE time. In the United Arab Emirates, 24K was trading at Dh209.25 […]

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RBNZ set to hike rates again, but Kiwi slumps as outlook gets cloudier

The Reserve Bank of New Zealand is expected to remain on its rate hike path on Wednesday when it announces its latest policy decision at 02:00 GMT. A 50 basis point rate hike is fully priced in by the markets, so investors will be on the lookout for any changes in the rate outlook amid […]

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Emerging Markets – Philippine Cenbank set to hike rates 50 basis points at August meeting as Asian currencies fall on recession fears

MANILA, July 11 (Reuters): Most Asian currencies started the week on a subdued note on Monday as concerns over the global economic outlook pushed investors towards the safe-haven dollar, ahead of key data from the United States and from China this week. The Chinese yuan, Singaporean dollar and South Korean won fell between 0.1% and […]

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Bank of Korea to raise rates by a historic 50 basis points – Reuters poll

By Shaloo Shrivastava and Cynthia Kim (Reuters) – South Korea’s central bank will make its first-ever 50 basis point rate hike to 2.25% on Wednesday, mounting pressure in a rate hike campaign as inflation hits a 24-year high and has yet to peak, a Reuters poll showed on Monday. One of the first central banks […]

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Bank of Korea to raise rates by a historic 50 basis points

The Bank of Korea logo is seen atop its building in Seoul, South Korea July 14, 2016. REUTERS/Kim Hong-Ji Join now for FREE unlimited access to Reuters.com Register BOK rate decision meeting starts Wednesday around 9 a.m. local time July 11 (Reuters) – South Korea’s central bank will make its first ever 50 basis point […]

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POLL-Bank of Korea to raise rates by a historic 50 basis points

Band Shaloo Shrivastava and Cynthia Kim July 11 (Reuters) – South Korea’s central bank will make its first ever 50 basis point rate hike to 2.25% on Wednesday, mounting pressure in a rate hike campaign as inflation hits a 24-year high years and has yet to peak, according to a Reuters poll. Monday. One of […]

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Bank of Korea to raise rates by historic 50 bps

By Shaloo Shrivastava and Cynthia Kim (Reuters) – South Korea’s central bank will make its first ever 50 basis point rate hike to 2.25% on Wednesday, mounting pressure in a rate hike campaign as inflation hits a 24-year high and has yet to peak, a Reuters poll showed on Monday. One of the first central […]

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Dyeing units raise prices, customers affected : The Tribune India

Tribune press service Shivani Bhakoo Ludhiana, July 9 Due to the high cost of inputs, the payment of large funds to clean up the discharged water and the increase in raw material rates, the Ludhiana Dyeing Association has decided to increase dyeing rates with immediate effect. The dyeing of polyester and acrylic is […]

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Emerging Markets: Philippine central bank set to hike rates 50 basis points in August as Asian equities rise on easing recession concerns

SINGAPORE, July 8 (Reuters): Asian stocks edged higher on Friday, tracking Wall Street’s overnight gains, after positive signals from U.S. central bank officials eased fears of an economic recession, which also supported most currencies in the region. Indonesian stocks rose more than 1% and were poised for their second consecutive weekly rise, while the Indonesian […]

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BSP ready to raise rates by 50 basis points as peso nears record high against dollar

Reuters By Keisha B. Ta-asan THE BANGKO SENTRAL ng Pilipinas (BSP) is ready to raise its benchmark rate by 50 basis points (bp) in August as the Philippine peso broke through the P56 level against the US dollar on Thursday to approach its record low. BSP Governor Felipe M. Medalla said on Thursday that the […]

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Inflation fears prompted Fed to hike rates sharply: minutes

At their meeting last month, Federal Reserve officials were concerned that consumers were increasingly anticipating higher inflation, and they signaled that much higher interest rates might be needed for the contain. Policy makers have also recognized, in report of their meeting of June 14 and 15 released on Wednesday that their rate hikes could weaken […]

Hike rates

Bank of England pill ready to raise rates faster

The Bank of England has raised rates five times in a row. Photo: Peter Nicholls/Reuters bank of england Chief Economist Huw Pill is ready to vote on raising interest rates at a faster pace if needed to fight inflation. The BoE maintained its series of gradual increases in borrowing costs, raising rates by 25 basis […]

Hike rates

BOE chief economist signals readiness to hike rates faster

(Bloomberg) — The Bank of England is ready to raise interest rates faster if needed to prevent inflation from taking hold, chief economist Huw Pill said. The remarks are among the clearest signals yet that BOE insiders such as Pill, who have previously expressed doubts about the half-point rate hike, could be considering such a […]

Hike rates

Mortgage Breaking News: BoC set to hike rates 75bps as inflation expectations rise

The likelihood of the Bank of Canada joining the “75 basis point club” rose on Monday after the release of two Bank polls that showed rising inflation expectations. The Bank of Canada’s Business Outlook Survey and its Canadian Consumer Expectations Survey, both released on Monday, show that consumers and businesses expect high inflation to persist […]