Hike rates

Government responsible for SARB must raise rates – Dion George – POLITICS

POLITICS SARB Responsible Government Must Raise Rates – Dion George Dion-Georges | November 24, 2022 DA MP says spiraling cost of living is direct result of ANC’s inconsistent economic policies Incapable ANC government blamed for SARB’s need to raise rates November 24, 2022 Note to Editors: Please find attached sound clip by Dr. Dion George […]

Hike rates

Bank of Korea to hike rates by 25 basis points on November 24 as growth slows

BOK Rate Decision Meeting on November 24 BENGALURU, Nov 22 (Reuters) – South Korea’s central bank will reduce its pace of tightening on Thursday and raise rates by a modest 25 basis points amid slowing domestic growth, despite high inflation and a reserve aggressive US federal government, according to a Reuters poll. South Korea’s economic […]

Hike rates

Vasle says ECB may have to hike rates into restrictive territory

(Bloomberg) – The European Central Bank may have to raise borrowing costs to a level that is holding back economic growth, Governing Council member Bostjan Vasle. “High inflation and the reasons behind it call for further normalization of monetary policy,” Vasle said Monday in Ljubljana, adding that the ECB must “continue to gradually raise rates, […]

Hike rates

Asian stocks, currencies extend losses; Central banks in the Philippines and Indonesia hike rates

(17 Nov): Most Asian stocks and currencies extended losses on Thursday (17 Nov) as stronger-than-expected U.S. retail sales data bolstered the dollar overnight, while central banks Philippines and Indonesia raised interest rates as expected. U.S. retail sales rose more than expected in October, indicating consumer spending picked up early in the fourth quarter — a […]

Hike rates

Aviation war insurers raise rates as all-risk renewals defy post-Ukraine fears

Imminent losses from the conflict in Ukraine and large losses, such as Boeing’s claim, have thrown the market into uncertainty. Some in the market lamented Ukraine’s lack of reserve for losses, saying it makes the market look underprepared and uncertain and is an “embarrassing” reflection of most traders’ strategy in the market. A source told […]

Hike rates

Economists forecast deepening recession as Federal Reserve continues to hike rates

With the Federal Reserve indicating that he has no intention of stopping the hike interest rate until inflation cools, experts fear that such actions will end up plunging the country further into recession. The 12-month Consumer Price Index (CPI), which measures annual inflation, has remained stubbornly at or above 7.5% for every month this year. […]

Hike rates

The Fed and the BoE raise their rates by 75 basis points; how will higher interest rates affect your mutual funds?

The US Federal Reserve and the Bank of England raised interest rates by 0.75%. Central banks are forced to raise rates to control inflation, which has reached its highest level in several decades. This means that interest rates should remain higher or even climb higher in the coming month. In India, the Reserve Bank of […]

Hike rates

How much should the Fed raise rates to fight inflation?

November 3, 2022 Thomas Garretson, CFA Senior Portfolio Strategist Fixed Income Strategies Portfolio Advisory Group – United States As the last two major meetings of the world’s central banks approached this week with the Federal Reserve and the Bank of England (BoE), an air of complicity floated through the markets – led first by the […]

Hike rates

‘NOT OFF CYCLE’: MB to raise rates at next meeting

In another unprecedented decision, the Monetary Board announced yesterday that it would raise the key rates of the Bangko Sentral ng Pilipinas (BSP) by 75 basis points (bps), just after the US Federal Reserve raised its rates by the same amount. monetary policy settings. But Felipe Medalla, head of the Monetary Council and governor of […]

Hike rates

Bond billionaire Jeffrey Gundlach says the Fed will only hike rates to 4.5% – and he sees an 80% chance of a US recession next year

The U.S. central bank raised rates 75 basis points to a range of 3.75% to 4% on Wednesday, marking its latest effort to tackle runaway inflation. Fed Chairman Jerome Powell said he expected further increases and reported rates could peak above 5%. “I don’t think they can pull that off,” Gundlach told CNBC. “There are […]

Hike rates

FTSE 100 rebounds after central bank rate hike

The FTSE 100 managed to rebound from the red following the Bank of England’s decision to raise interest rates to 3%. Photo: Frank Augstein/WPA Pool/Getty The FTSE 100 (^ FTSE) managed to rebound at the close after a day of trading mostly in the red as the bank of england (BoE) announced a record rising […]

Hike rates

The Bank of England and the US Federal Reserve will raise their rates, but by how much?

The US Federal Reserve and bank of england will be in the spotlight for investors next Wednesday and Thursday as they unveil interest rate decisions and provide commentary on the expected further monetary tightening, which has had an overwhelming influence on stock market behavior this year. In September, Fed Chairman Jerome Powell indicated that the […]

Hike rates

Mortgages could rise again as Bank of England prepares to hike rates

The Bank of England is set to unveil the biggest interest rate hike since the 1980s on Thursday as it tries to rein in runaway inflation battering Britain’s households. In a crucial meeting, the nine-member monetary policy committee will make a decision that could drive up the amount millions of mortgage holders have to pay […]

Hike rates

Fed could hike rates 75bps in December, then take a break: Yardeni

The Fed is likely to raise rates by 75 basis points in December and then pause, says Ed Yardeni. Yardeni thinks the Fed wants to anticipate rate hikes because inflation is still a problem in the United States. He added that the Fed will raise rates into restrictive territory to see how that will affect […]

Hike rates

The Fed will raise rates by 0.75 percentage points to fight inflation

Comment this story Comment The Federal Reserve is set to raise interest rates by 0.75 percentage points on Wednesday for the fourth time this year — the latest sign of the aggressiveness with which the authorities are fighting to slow the economy, even as the risks of a recession next year increase. Fed officials show […]

Hike rates

BOC Macklem says expects to raise rates further

Bank of Canada Governor Macklem and Senior Deputy Governor Carolyn Rogers appear before the Canadian Parliament’s Standing Senate Committee on Banking, Trade and Economics, answering questions from senators on the Canadian economy and Bank policy. We expect our key rate to rise further The extent of the rate hike will depend on how monetary policy […]

Hike rates

RBA set to hike rates on Melbourne Cup day for second time in more than a decade

It’s called the race that stops the nation, but this year it may be the rates that are stopping the nation’s spending in its tracks. The Reserve Bank of Australia is largely expected to raise interest rates at 2:30 p.m. Tuesday afternoon, particularly following inflation figures higher than expected the previous week. The last time […]

Hike rates

Central banks are preparing to raise their rates again, but by how much?

The ASX hit seven-week highs before falling in the afternoon session. The S&P/ASX200 gained 66.20 points or 0.98% to 6,851.90, topping its 125-day moving average. Over the past five days, the index has gained 1.07%, but is down 7.96% since the start of the year. The best performing stocks in this index are Home Consortium […]

Hike rates

Town hall on utility rate hike opens discussion on dealing with high energy bills

When Milford State Rep. Maria Perez’s solar panels broke and she couldn’t get them fixed, the numbers on her electric bill surprised her. His first month’s bill was $350, the second $420 and the third $438. “Either we have comfort and pay our bills, or we put food on the table, or we pay for […]

Hike rates

Fed expects aggressive rate hike to 5%, triggering global recession: survey

Chief Investment Officer of Kingsview Wealth Management, Scott Martin joined ‘Kennedy’ to discuss high mortgage rates driving down demand for housing. Federal Reserve officials are expected to maintain their hawkish stance at next week’s policy-making meeting where they are expected to approve another big interest rate hike, paving the way for higher interest costs. borrowing […]

Hike rates

The Bank of England and the US Federal Reserve will hike rates next week, but by how much?

The US Federal Reserve and bank of england will be in the spotlight for investors next Wednesday and Thursday as they unveil interest rate decisions and provide commentary on the expected further monetary tightening, which has had an overwhelming influence on stock market behavior this year. In September, Fed Chairman Jerome Powell indicated that the […]

Hike rates

EGX flashes green after decision to hike rates and liberalize exchange rate

Fri 28 Oct 2022 | 07:20 EGX flashes green after decision to hike rates and liberalize exchange rate The Egyptian Stock Exchange (EGX) took a strong boost after the decision to liberalize the exchange rate and the agreement with the IMF, which is similar to what happened after the Egyptian pound IPO in 2016 . […]

Hike rates

Citizens Property Insurance will raise rates on November 1 for new policyholders

TAMPA, Fla. — Florida’s insurance industry has been embittered by fraud schemes and excessive litigation, creating a crisis for homeowners as they struggle to keep up with rising rates. From now on, the insurer of last resort, Citizens Property Insurance, will increase its rates from November 1 for new policyholders. For existing policyholders, these rates […]

Hike rates

Daily FX Update: ECB set to hike rates to highest level in over a decade

© 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 […]

Hike rates

SHG: Drop dues, raise fares, otherwise no lunch from next month | Goa News

Panaji: Midday meal providers from five talukas met with the director of education on Wednesday and demanded that the meal prices be increased by the government at the earliest or else they will be forced to cut off the supply at from next month. Women’s self-help groups that provide midday meals said some of their […]

Hike rates

Recession likely in the United States, the Fed could raise its rates above 4.5%

Goldman Sachs CEO David Solomon said the US economy is likely to slip into a recession. He warned on Tuesday that the Federal Reserve could raise rates above 4.5% if the inflationary threat persists. The first big change in monetary policy in four decades was expected to be disruptive, Solomon said. Loading Something is loading. […]

Hike rates

Economists say the Fed will raise rates by 75 basis points on November 2

Economists estimate the US Federal Reserve will make a fourth consecutive 75 basis point hike in interest rates on November 2, according to a Reuters poll. They agree that the Fed should not slow increases until inflation falls to half of today’s 8.2%. 86 of 90 economists polled Oct. 17-24 predicted the fed funds rate […]

Hike rates

Bank of Canada preview Will the BOC raise rates by 75 basis points

When is the Bank of Canada meeting? Bank of Canada interest rate decision meeting to be held on Wednesday, October 26e2022 at 10:00 a.m. ET. BOC Governor Macklem will follow with a press conference beginning at 11:00 a.m. ET. What do traders expect from the BOC Meeting? Traders and economists widely expect the Bank […]

Hike rates

Stocks rescued by Fed report could raise rates less than expected

Every market rally this year has been driven primarily by hope that the Fed was about to become less hawkish. We had another illustration of this today as the indices recorded significant gains. Nick Timiraos from the wall street journalwho is considered an unofficial spokesman for the Fed, wrote that the Fed’s next meeting on […]

Hike rates

Bank of Canada to raise rates again amid inflation fight

The Canadian economy is slowing, but inflation is still too high to prevent another aggressive interest rate hike from the Bank of Canada. We expect a 50 basis point increase next week to bring the overnight rate to 3.75%. This is less than the 75 basis point rise in September and the 100 basis point […]

Hike rates

Fed to hike rates above 5%, now priced in to markets

Larry Summers expects the Federal Reserve to continue raising interest rates north of 5%. A surge in inflation expectations means markets are widely pricing in further rate hikes, he said. The former Treasury chief warned that inflation posed a bigger threat to the US economy than painful rate hikes. Loading Something is loading. Thank you […]

Hike rates

Weekly Outlook: ECB set to hike rates as UK appoints third Prime Minister in 2022

monday october 24 – Commercial statement of Pearson – Flash Manufacturing Purchasing Managers Indices for Asia, Europe and the UK – In Europe, the quarterly results of Phillips tuesday october 25 – Half-year results of Whitbread – Third quarter results of HSBC – Commercial statements of Shoe area and Hunt – Japanese inflation – Belgian […]

Hike rates

US Fed to hike rates 1.25% before calendar year end

So far in 2022, the US Fed’s rate hike has been around 300 basis points. In addition, two more rate hikes are scheduled for November and December. Market participants expect the Fed to raise its benchmark rate by 0.75% in November and by 0.5% at its December 2022 meeting. Overall, the Fed will most likely […]

Hike rates

[TOP STORY] Sarb could raise rates by at least 1% in the next two meetings

SIMON BROWN: I chat with Dr. Chris Harmse, an economist at CH Economics. Chris, I appreciate the time. Inflation go out [yesterday], down slightly from 7.6%. It’s 7.5%, it’s going in the right direction, but slowly. CHRIS HARMES: Very slowly, as you would expect because there are still too many cost pressures in the economy. […]

Hike rates

Rising interest rates in South Africa

RSA’s central bank has raised its benchmark interest rate by 275 basis points since November last year – Photo: D Busquets/Shutterstock.com The South African Reserve Bank (SARB) maintained its warmongering attitude Monetary Policy stubbornly high fighting stance inflation despite the country’s economic growth, which is beginning to weaken. Since the start of its tightening cycle […]

Hike rates

BoE forecasts 1% rate hike in November

The Bank of England is under more pressure to raise interest rates after inflation rose 10.1% in September. The return to double-digit inflation, following a 9.9% rise in August, will deal a further blow to households already feeling the effects of rising mortgage rates and rising oil prices. energy. Sarah Coles, […]

Hike rates

Poland doesn’t have enough space to raise rates, says central banker Kochalski

WARSAW, Oct 18 (Reuters) – Poland’s central bank does not have enough room to raise interest rates amid an expected economic slowdown, central banker Cezary Kochalski said on Tuesday. Polish inflation would remain high in the coming months and in the first quarter of 2023 but would not exceed 20%, Kochalski told TVN24 television in […]

Hike rates

Australia’s c.bank says to raise rates more and can keep pace with global peers

SYDNEY, Oct 18 (Reuters) – The Reserve Bank of Australia expects to raise interest rates further in the coming months, the deputy governor said on Tuesday, noting that the bank can achieve policy tightening. rate similar to that of its global counterparts thanks to smaller increases. Speaking at the AFIA 2022 conference in Sydney, Michele […]

Hike rates

Argentina inflation undervalues, easing pressure to hike rates

BUENOS AIRES, Oct 14 (Reuters) – Argentina’s monthly inflation rate was weaker than expected in September, a rare reprieve for the struggling economy and struggling residents, which could allow the bank Central Bank to suspend its aggressive rate hike cycle for the time being. The government statistics agency INDEC reported on Friday that monthly inflation […]

Hike rates

Increase in interest rates in Switzerland | When will the Swiss National Bank raise rates again?

The Schweizerische Nationalbank is the central bank of Switzerland. Photo: Natali Glado/Shutterstock Switzerland no longer has the lowest interest rates in the world. With high inflation in many countries and rapid interest rate hikes by central banks, the Swiss National Bank (SNB) raised its policy rate out of negative territory in September for the first […]

Hike rates

Argentina inflation undervalues, easing pressure to hike rates By Reuters

© Reuters. FILE PHOTO: A vendor weighs produce in a market as inflation in Argentina hits its highest level in years, causing food prices to soar, in Buenos Aires, Argentina April 12, 2022. REUTERS/Mariana Nedelcu / File Photo By Walter Bianchi BUENOS AIRES (Reuters) – Argentina’s monthly inflation rate was weaker than expected in September, […]

Hike rates

Jamie Dimon’s ‘Gut’ Says Fed Will Need to Hike Rates Over 4% to 4.5%

Jamie Dimon said the Fed’s benchmark rate will likely need to rise above 4% to 4.5%, according to Bloomberg. The Fed’s benchmark rate is now between 3% and 3.25%, after five rate hikes this year so far. JPMorgan’s CEO said he thinks the US economy is unlikely to experience a soft landing. Loading Something is […]

Hike rates

The Fed is extremely likely to raise rates by 75 basis points in November, according to the FedWatch tool

Fed benchmark rate likely to rise 75 basis points in November, CME says … [+] FedWatch tool. (Photo by Samuel Corum/Getty Images) Getty Images Federal Reserve officials are likely to raise the central bank’s benchmark rate by 75 basis points at their November meeting, according to recent figures. CME’s FedWatch Tool. Federal Open Market Committee […]

Hike rates

Fed to raise rates further after September inflation data

Barclays said on Thursday it now expects “more aggressive and earlier Fed hikes” after the September CPI. He predicts the Fed will raise rates by 75 basis points in December and 50 basis points in February 2023. It also sees the central bank starting to cut rates later next year. Loading Something is loading. Thank […]

Hike rates

Worries rise over global financial stability as bank rates rise

The global financial system is showing growing signs of strain, raising concerns about market contagion from financial product breaks. The worries come as central banks around the world rush to tighten monetary policy in a bid to tame inflation, which analysts and policymakers say amplifies the risk of financial instability. Investors got a taste of […]

Hike rates

Louisiana insurer of last resort to raise rates 63%

Insurance Commissioner Jim Donelon has approved a request from Louisiana’s insurer of last resort for a 63% increase in residential property insurance policies. The rate increase for citizens begins in January. It won’t affect current policyholders until they renew their policies, a Louisiana Department of Insurance press release said. For example, if a homeowner obtains […]

Hike rates

US jobs report means the Fed will hike rates sharply

US jobs report means the Fed will hike rates sharply Newslooks – WASHINGTON (AP) For most Americans, Friday September jobs report was good news: companies continued to hire at a brisk pace, unemployment fell to its lowest level in half a century and the average wage rose. Yet for the Federal Reserve, the jobs numbers […]

Hike rates

FDs become attractive as major private banks raise rates thanks to RBI. Check the latest rates here

Major private banks such as ICICI Bank, Kotak Mahindra Bank and Axis Bank, among others, raised their fixed deposit rates right after RBI raised the repo rate by another 50 basis points. Other banks are expected to follow suit. It would be the fourth hike in the repo rate this fiscal year, while a third […]

Hike rates

The Fed will hike rates one more time in November, then halt because the soaring dollar risks cracking markets, market veteran Ed Yardeni says

Ed Yardeni, President and Chief Investment Strategist of Yardeni Research, April 30, 2015Adam Jeffery/CNBC/NBCU/Getty Images The Fed is set to raise interest rates just once in November before stopping, according to Ed Yardeni. Indeed, there is a growing risk that financial markets are on the brink of instability due to the soaring US dollar. “The […]

Hike rates

Despite RBI’s decision to raise rates, Sensex rises

Notwithstanding the decision of the Reserve Bank of India (RBI) to increase the repo rate, the rate at which central bank banks, by 50 basis points or 0.5%, to 5.90%, Sensex has increased to end today’s session at 57,426.92 points from a gain of 1017 points. Nifty has earned 276 points and breaks the 17,000 […]

Hike rates

RBA to hike rates by 50 basis points in October, top rate pushed higher

BENGALURU, Sept 30 (Reuters) – Australia’s central bank will raise interest rates by half a point on Tuesday and raise borrowing costs more than expected in its most aggressive tightening cycle since the 1990s to halt the inflation, according to a Reuters poll. At the August meeting, Reserve Bank of Australia (RBA) Governor Philip Lowe […]

Hike rates

UK should abandon tax cuts, raise rates and accept deeper recession to avoid higher inflation, says Mohamed El-Erian

The UK must abandon its plan to cut taxes and raise interest rates immediately, said Mohamed El-Erian. Although aggressive rate hikes could trigger a recession, the UK is past the point of hoping for a soft landing, he warned. The UK must abandon its plan to cut taxes and instead raise interest rates, according to […]

Hike rates

RBI credit policy: RBI has room to raise rates only at September and December meetings: Pranjul Bhandari

“Once exports start to slow, it could more than offset the benefits we derive from falling oil prices. In summary, trade, current account and balance of payments are expected to remain in deficit for the foreseeable future. All of this is pushing the rupee to weaken. Before I say how much or things like that, […]

Hike rates

Bank of England must hike rates by 100bps to calm markets rattled by UK tax cuts, says Mohamed El-Erian

El-Erian said the Bank of England would have to raise rates by 100 basis points to save the plummeting pound. That’s if the UK chancellor doesn’t backtrack on his tax cut plans that kept the markets turning. Mohamed El-Erian has asked the Bank of England to raise UK interest rates by a full percentage point […]

Hike rates

Hong Kong, GCC set rates, Vietnam hike rates after Fed as Sri Lanka considers flexible policy

ECONOMYNEXT – The Hong Kong Monetary Authority, an Orthodox Currency Board and the United Arab Emirates similar to a currency board, Saudi Arabia, Kuwait, Qatar, Bahrain and Oman as well as Vietnam have raised their rates in tandem as the US Federal Reserve raised rates as Sri Lanka eyes a new law with more flexible […]

Hike rates

New Forecast Calls for Bank of Canada to Hike Rates to 4.5%

Written by Penelope Graham Everyone from mortgage borrowers to condo builders are watching the Bank of Canada closely, looking for signals that the central bank may be approaching its “terminal” rate – the point where it will determine that rates have been raised enough to fight inflation, ending its aggressive hiking cycle. However, new commentary […]

Hike rates

Bank of Canada must raise rates to control inflation – BoC Governor

OTTAWA, Sept 26 (Reuters) – Inflation is too high in Canada, so the Bank of Canada needs to raise interest rates to slow spending and give the economy time to catch up, the Bank said on Monday. Governor Tiff Macklem in a video posted by Central. bank on Twitter. “Inflation is too high,” Macklem said […]

Hike rates

Mohamed El-Erian says BOE should hike rates aggressively to calm markets

El-Erian said the Bank of England would have to raise rates by 100 basis points to save the plummeting pound. That’s if the UK chancellor doesn’t backtrack on his tax cut plans that kept the markets turning. “Whether [Kwasi Kwarteng’s] pay no attention, what happens in the markets could snowball,” El-Erian said. Loading Something is […]

Hike rates

Expect the ECB to hike rates in ‘upcoming meetings’

By Scott Kanowski Investing.com — European Central Bank Expected to Raise interest rate further in its “upcoming meetings” in a bid to curb soaring inflation, according to ECB President Christine Lagarde. Speaking at a hearing of the European Parliament’s Economic and Monetary Affairs Committee, Lagarde said the hikes will help dampen demand, which would theoretically […]

Hike rates

US Federal Reserve set to hike rates above 400 basis points

The US Federal Reserve is tightening and rising interest rates have had a big impact on the crypto market. Earlier this month, Bloomberg analyst Mike McGlone McGlone said Bitcoin will outperform traditional stocks as interest rates rise. However, at this point, Bitcoin does not appear to be following the trend predicted by Bloomberg. In fact, […]

Hike rates

Bank of England needs to raise rates next week to calm markets, Deutsche Bank analyst says

A general view of the Bank of England (BoE) building, the BoE has confirmed it will raise interest rates to 1.75%, in London, Britain August 4, 2022. REUTERS/Maja Smiejkowska Join now for FREE unlimited access to Reuters.com Register LONDON, Sept 23 (Reuters) – Britain’s central bank must raise interest rates significantly between meetings as early […]

Hike rates

FedEx to hike rates 6.9% ‘given inflationary backdrop’

Diving Brief: FedEx will levy a general rate increase of 6.9% on average for its express, ground and home delivery services starting Jan. 2, 2023, the company announced Thursday. The move follows a tough quarter in which FedEx saw a decline in parcel volume. The rate increase is bigger than previous iterations — FedEx raised […]

Hike rates

C.banker Tyrowicz says Poland could hike rates another 200-400 basis points -PAP

WARSAW (Reuters) – Poland could raise interest rates by another 200 to 400 basis points, central banker Joanna Tyrowicz said on Friday, sounding hawkish at a time when many economists say the tightening cycle is nearing at its end. Polish rate officials are pricing inflation at its highest level in a quarter-century against an economic […]

Hike rates

Poland could hike rates another 200-400 basis points, says central banker Tyrowicz

Join now for FREE unlimited access to Reuters.com Register WARSAW, Sept 23 (Reuters) – Poland could raise interest rates by another 200 to 400 basis points, central banker Joanna Tyrowicz said on Friday, sounding hawkish at a time when many economists believe the cycle tightening is coming to an end. . Polish rate officials are […]

Hike rates

Markets fall as central banks hike rates │ GMA News Online

LONDON, UK — Stock markets fell on Thursday as the US Federal Reserve and several European central banks triggered larger interest rate hikes that aim to stifle inflation but raise fears of a recession. On Wall Street, the Dow Jones Industrial Average was down 0.4% by late morning, with the broader S&P 500 and the […]

Hike rates

Global stocks fall as central banks hike rates

Stock markets fell on Thursday as the US Federal Reserve and European central banks triggered larger interest rate hikes that aim to stifle inflation but raise fears of a recession. On Wall Street, the Dow Jones Industrial Average opened higher but then trailed the tech-heavy Nasdaq and the broader S&P 500 into negative territory. European […]

Hike rates

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 […]

Hike rates

AfDB: Asian central banks will raise their rates against the strong dollar and inflation

The Asian Development Bank (ADB) said central banks in the region are expected to continue raising interest rates due to the strong dollar and the need to curb inflation. In a briefing last Wednesday, the AfDB’s Abdul Abiad said headline inflation and core inflation had risen in most economies in the region, leading to “broadening […]

Hike rates

Asian currencies tumble as dollar soars and bank rates rise

The dollar hit a two-decade high as Asian currencies – and stocks – fell on Thursday after investors were thrown off balance by the Federal Reserve’s hawkish outlook on US interest rates. Bearish bets on most Asian currencies hit record highs, driven by a dollar and mounting pressure on the Chinese yuan, which fell to […]

Hike rates

After the Fed, RBI could hike rates; what impact will this have on your equity, debt mutual funds?

The Federal Reserve raised interest rates by 75 basis points (100 basis points = 1%) and announced even more aggressive hikes than investors had expected. According to fund managers in India, the RBI may be feeling the pressure of this big rise. Fund managers believe that RBI can raise rates by 40 to 50 basis […]

Hike rates

Fed expects another three-quarter-point rate hike, but forecast could be biggest

It’s not what the Federal Reserve is doing, but what it says it might do in the future that will be most crucial when the central bank wraps up its two-day meeting on Wednesday. The Fed is expected to launch another three-quarter point rate hike – its third in a row. It will also release […]

Hike rates

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 […]

Hike rates

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 […]

Hike rates

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 […]

Hike rates

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; […]

Hike rates

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 […]

Hike rates

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 […]

Hike rates

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 […]

Hike rates

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 […]

Hike rates

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 […]

Hike rates

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 […]

Hike rates

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 […]

Hike rates

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 […]

Hike rates

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 […]

Hike rates

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 […]

Hike rates

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 […]

Hike rates

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 […]

Hike rates

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 […]