Hike rates

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 […]

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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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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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. […]

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 […]

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 […]

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 […]

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 […]

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 […]

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% […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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. […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

(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 […]

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 […]

Guwahati: Guwahati’s unscrupulous private water providers have raised tariffs by more than 200%, leaving consumers with no option as the Guwahati Municipal Corporation (GMC) failed to restore household tap water supplies, even after a three-week interruption.GMC’s water supply has been suspended since June 15 after a major landslide partially damaged the water tank located at […]

A man walks past the entrance to the Central Bank of Malaysia (Bank Negara Malaysia) in Kuala Lumpur, Malaysia July 31, 2019. REUTERS/Lim Huey Teng Join now for FREE unlimited access to Reuters.com Register All economists expect BNM to hike rates to 2.25% Decision expected at 07:00 GMT on Wednesday July 6 BENGALURU, July 4 […]

The ECB announced that it would raise rates in July and September to counter record inflation. Daniel Roland | AFP | Getty Images Eurozone inflation hit a new high in June just ahead of the European Central Bank’s first rate hike in 11 years. Headline inflation stood at 8.6% (year-on-year) last month, according to preliminary […]

Rising inflation, weaker peso MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) may be eyeing more aggressive rate hikes in August than the reported 25 basis point gradual increase amid fears of accelerating inflation and a depreciating peso . BSP Governor Felipe Medalla told reporters that the central bank’s monetary council may consider bigger […]

CPI +4.35% y/y, vs. +4.17% in a poll Core inflation +2.63% y/y, vs. +2.72% in a poll Rupee movements affect c.bank’s position more than inflation JAKARTA, July 1 (Reuters) – Indonesia’s central bank is in no rush to raise interest rates, its governor said on Friday, even as June consumer prices rose at the fastest […]

BENGALURU (Reuters) – Australia’s central bank will take another half-percentage-point interest rate hike on Tuesday as it struggles to bring soaring inflation under control, marking the first time it has risen the cash rate of this magnitude in back-to-back meetings, according to a Reuters poll. . After raising its benchmark rate by 50 basis points […]

BENGALURU, July 1 (Reuters) – Australia’s central bank will hike interest rates another half-point on Tuesday as it struggles to bring soaring inflation under control. Reuters poll found. After raising its benchmark rate by 50 basis points in a hawkish surprise last month, Reserve Bank of Australia Governor Philip Lowe played down the possibility of […]

PEA interest rate: Stock markets and cryptocurrencies have been volatile lately, with traders taking huge losses in multiple sessions. This is due to the risky nature of these assets, and now investors are forgoing investing in new stocks and crypto coins while looking to put their money into programs that would give them a guaranteed […]

The Bank of Israel building is seen in Jerusalem June 16, 2020. REUTERS/Ronen Zvulun Join now for FREE unlimited access to Reuters.com Register Tariff decision expected at 13:00 GMT on Monday Further rate hikes expected throughout 2022 Inflation rate at 4.1% in May, the highest since 2011 The economy is expected to grow by at […]

Investors are increasingly concerned about the economic environment and the prices of financial assets. Photo / 123rf Stock markets have crashed into bearish territory, but inflation continues to rise. The only way out is to raise interest rates until we are in recession, right? Not necessarily, says David McLeish, senior portfolio manager at Fisher Funds. […]

Georgia Power — one unit of The Southern Company SO — is asking customers to pay nearly 12% more over the next three years on their electricity bills to help fund the cost of upgrades to its transmission and distribution network. A proposal submitted Friday by the electric utility to the Georgia Public Service Commission […]

Last week, we raised our forecast for the US federal funds terminal rate in December from 2.675% to 3.375%. We now expect this more aggressive approach to see the US economy stagnate, with the risk of a mild recession in the second half of 2023. % through 2024. This cycle for the rest of 2022 […]

Korn Chatikavanij, former finance minister and Kla party leader (photo from Bangkok Post) According to Korn Chatikavanij, former finance minister, the Bank of Thailand (BoT) should urgently raise interest rates to avoid another surge in inflation and ease the burden on low-income groups already reeling from the crisis. rising cost of living. The BoT should […]

Former Axis broker and fund manager Viresh Joshi sued the Axis fund for wrongful termination. Joshi was fired by the fund house on May 18, alleging ethics and code of conduct violations, Mint reported on June 16. Read more RBI expected to raise interest rates twice before weighing a break India’s monetary policymakers are likely […]

Federal Reserve Chairman Jerome Powell told Congress on Wednesday that the central bank remains committed to keeping interest rate hikes high enough to cool the red. inflationrecognizing that recession is “certainly a possibility”, but insisting that the US economy is robust enough to withstand tighter financial conditions. With inflation high for decades “well above” the […]

Moscow still faces the prospect of a default, despite a last-minute payment this week. Getty Images The global economy faces a 50% chance of recession, according to the CEO of Deutsche Bank. The executive also said the chances of a recession in the United States and Europe are higher than the bank’s pre-war Ukraine forecast. […]

KUALA LUMPUR (June 22): Bank Negara Malaysia is under increasing pressure to raise rates faster in the face of an aggressive U.S. Federal Reserve and a growing consensus that global food and Energy will continue to stay high for longer, with any potential supply shocks deemed capable of pushing prices and inflation even higher. In […]

BENGALURU (REUTERS) – The U.S. Federal Reserve will hike interest rates another 75 basis points in July, followed by a half-percentage-point hike in September, and won’t return to moves by a quarter of a percentage point before November at the earliest, according to economists polled by Reuters. The Fed last week hiked the federal funds […]

A file photo of a general view of the Norwegian central bank, where Norway’s sovereign wealth fund is located, in Oslo, Norway, March 6, 2018. Oslo, June 20 (Reuters) – Norway’s central bank is expected to raise its benchmark interest rate again this week and signal a faster rise in the cost of borrowing in […]

Breadcrumb Links PMN Company Author of the article: Content of the article OSLO – Norway’s central bank is expected to raise its benchmark interest rate again this week and signal a faster rise in the cost of borrowing in the third quarter of the year as inflation soars, according to a Reuters poll on Monday. […]

Several major lenders are to raise interest rates for depositors today, after the central bank raised its benchmark rediscount rate from 1.375% to 1.5% on Thursday. After major lenders raised their term deposit rates by 12.5 basis points, depositors who hold NT$1 million ($33,647) in term deposit accounts are to receive an additional NT$3,750 in […]

The Federal Reserve’s Open Market Committee (FOMC), the body that determines monetary policy, including the direction of interest rates, concluded a regular two-day meeting last Wednesday during which they decided that A 0.75% increase in the Federal Debt Funds rate was necessary to combat the recent spike in inflation. This can be defined as the […]

Stocks sold off aggressively, reversing post-pop and more. The narrative returned to the Fed needing to hamper the economy to control after it capitulated 75 basis points from its upward trajectory of 50 basis points per meeting. And weaker US data didn’t help the market or the cause. at 229k, consensus expected a pullback to […]

LONDON: Stock markets fell on Thursday as more central banks raised interest rates in a bid to rein in runaway inflation, actions that raised fears they could trigger recessions. A day after the Federal Reserve’s biggest U.S. interest rate hike in nearly 30 years, the Bank of England raised borrowing costs to their highest level […]

Stock markets fell on Thursday as more central banks raised interest rates in a bid to rein in runaway inflation, actions that raised fears they could trigger recessions. A day after the largest interest rate hike in the United States (US) by the Federal Reserve (Fed) in nearly 30 years, the Bank of England (BoE) […]

The yen fell sharply from its highest level in nearly two weeks on Friday as the Bank of Japan is likely to maintain its ultra-loose policy, defying aggressive tightening pressure from peers including the Federal Reserve. and the Swiss National Bank. The dollar rebounded from a one-week low against its major peers, following a two-day […]

(Bloomberg) — “Sometimes you have to make tough decisions.” That was the comment of Swiss National Bank President Thomas Jordan in early 2016 as he looked back on the market chaos that had greeted his decision to scrap his country’s currency cap. Thursday’s unexpected 50 basis point interest rate hike was not a shock on […]

Topline The stock market rose on Wednesday after the Federal Reserve raised interest rates by 75 basis points – the biggest increase in 28 years, while Fed Chairman Jerome Powell also signaled that the central bank could raise rates again by the same magnitude at a future meeting. month. The Fed raised interest rates more […]

Mumbai: State Bank of India, HDFC, IDBI Bank and Kotak Mahindra Bank have revised their deposit rates. SBI also revised its marginal cost of lending rate (MCLR), which serves as a benchmark for older home loans. The country’s largest bank has raised interest rates on term deposits by 20 basis points (100 basis points = […]

Markets are starting to price in an even faster pace of interest rate hikes, and Federal Reserve officials are apparently considering that possibility as well. Central bank policymakers are considering the idea of ​​a 75 basis point increase in the Fed’s benchmark funds rate that banks charge each other for overnight funding, according to CNBC’s […]

A surprisingly high inflation reading prompted a duo of leading Wall Street business economists to call for a monstrous rate hike at next week’s Federal Reserve policy meeting. Barclays economist Jonathan Millar said the Fed now had good reason to surprise markets by rising more aggressively than expected in June due to Friday’s consumer price […]

Interest rate updates are due next week from the US Federal Reserve and the Bank of England and hikes are firmly on the minds of both central banks. The Fed is due to announce its rate decision on Wednesday after previously signaling that it wants a 0.5% hike in its federal funds rate. US inflation, […]

The bank said it would raise the cost of borrowing by 25 basis points in July – its first rate hike in more than a decade – and said a bigger hike could follow in September “if the medium-term inflation outlook persists or deteriorates.” “Inflation is excessively high and should remain above our target for […]

AMSTERDAM (AP) — The European Central Bank will raise interest rates next month for the first time in 11 years and add another hike in September, catching up with other central banks around the world as they move from support to support. economy during the COVID-19 pandemic to stifle runaway inflation. Thursday’s surprise move marks […]

Rapidly rising interest rates could reduce the average family’s maximum borrowing capacity by more than $160,000 by April next year, if cash rate forecasts come true. As interest rates rise, borrowers applying for a mortgage will find that the maximum amount they can borrow will decrease because they will pay more interest on the loan. […]

The Irish government’s cost of borrowing in bond markets approached its highest level in eight years on Wednesday ahead of a much-anticipated meeting of the European Central Bank’s governing council. he meeting is expected to pave the way for the first interest rate hike in more than a decade in July and an end to […]

AUGUSTA, Maine (AP) — A Maine official responsible for representing the interests of utility consumers has expressed concern that an offshore wind power supply contract could increase residents’ power bills. Developers of the Offshore Wind Research Network want Maine to approve a 20-year electricity supply contract. Proponents of the proposal have described it as integral […]

At its monthly meeting this afternoon, the Reserve Bank Board surprised the market and raised its official exchange rate by 50 basis points, from 0.35% to 0.85%. Prior to today’s meeting, market pundits were split between a 25bps hike and a 40bps hike. The interest rate market was caught in the middle at 35 […]

As the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) begins its three-day deliberations today, Jyoti Prakash Gadia, Managing Director of Resurgent India believes that the rate hike at the June meeting is a certainty. In an interview with Kshitij Bhargava of FinancialExpress.com, Gadia said a rate hike of 20 to 40 […]

Investors stepped up their bets Friday on the ECB’s interest rate hike this year, and now see the bank proposing a bigger 50 basis point hike at one of its meetings by October. Record eurozone inflation of 8.1% in May and widening price pressures added to the cine for big rate hikes from the European […]

WASHINGTON — The Federal Reserve is on track for half-point interest rate hikes in June, July and possibly beyond as new labor market data on Friday showed no no signs that the US economy is collapsing under the pressure of high inflation and rising borrowing costs. A Labor Department report on Friday morning showed that […]

A day after the Center announced it would soon publish a “robust framework” to ensure strict compliance with its 2017 guidelines, which prohibit charging for the service by hotels and restaurants, the Minister for Consumer Affairs, ‘Food and Distribution Public Union’ Piyush Goyal said restaurants cannot ask customers to pay hidden charges. Addressing a press […]

The Bank of Canada carried out the half-point rate hike expected by Bay Street this morning, bringing the target for the overnight rate to 1.5%. It is the second consecutive movement of this magnitude, and the language used in the statement is decidedly warmongering. He warned that inflation “is likely to rise further in the […]

“Policy needs to lean more strongly against widening inflationary pressures,” she said. “As such, we believe the strength of the price and wage measures in the GDP data should be sufficient to convince Governor Lowe that there is a very strong case for deviating from a steady regime. [0.25 percentage point] get moving and get […]

Canada’s central bank is expected to raise interest rates again at its next policy meeting this week in response to the highest inflation in decades. After keeping borrowing costs near zero for the past two years in an effort to stimulate economic activity amid the Covid-19 pandemic, the Bank of Canada is now trying to […]

The overnight interest rate is widely expected to rise another 50 basis points on June 1 (to 1.5%) as the Bank of Canada continues its efforts to fight inflation. The rise will build on the BoC’s 50 basis point hike in April and 25 basis points in March, with further increases likely in the coming […]

Shaktikanta Das, Governor of the Reserve Bank of India (RBI). (File photo) New Delhi: Reserve Bank of India (RBI) Governor Shaktikanta Das expresses confidence in its ability to bring down persistently high inflation without triggering market panic, and the apex bank will not unveil extreme measures to curtail the costs. The six-member Monetary Policy Committee […]