Hike rates

US Fed to hike rates 75 basis points in July, 50 in September: economists

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 […]

Hike rates

POLL-Norway to raise rates by 25bps this week, faster pace to come

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 […]

Hike rates

Norway to raise rates by 25 basis points this week, faster pace to come

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. […]

Hike rates

State-owned banks hike rates – Taipei Times

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 […]

Hike rates

Fed rate hike – troyrecord

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 […]

Hike rates

All eyes on BoJ amid global rate hike race far from close

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 […]

Hike rates

Stocks tumble as central banks hike rates – World

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 […]

Hike rates

Stocks fall as central bank rates rise

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) […]

Hike rates

Yen pulls back from 2-week high on BOJ’s reluctance to raise rates; the dollar jumps

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 […]

Hike rates

Jordan Revives Swiss Shock Tactics, Joining Rush to Hike Fares

(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 […]

Hike rates

Dow jumps 300 points after Powell says Fed could raise rates another 75 basis points in July

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 […]

Hike rates

Investors drop stocks on growth fears as Switzerland and UK hike rates

By Koh Gui Qing NEW YORK (Reuters) – Global stocks fell again on Thursday and government bonds brushed multi-year highs after a series of rate hikes by global central banks reignited fears that aggressive policy tightening could plunge economies in recession. After a rally of relief on Wednesday when investors welcomed the U.S. Federal Reserve’s […]

Hike rates

SBI, HDFC, IDBI, Kotak raise rates on deposits

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 = […]

Hike rates

The Fed is expected to hike rates by three-quarters of a point this week

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 […]

Hike rates

Some economists predict the Fed will raise rates to as much as 0.75% next week

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 […]

Hike rates

Bank of England and Federal Reserve set to hike rates, but forecast will be key

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, […]

Hike rates

European Central Bank to raise rates for first time in 11 years

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 […]

Hike rates

European Central Bank to raise rates in July, the first in 11 years | Economic news

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 […]

Hike rates

Buyers’ borrowing power declines as banks raise rates

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. […]

Hike rates

Irish borrowing costs climb as ECB prepares to hike rates and end quantitative easing

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 […]

Hike rates

Maine offshore wind contract could increase rates, lawyer says | Maine News

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 […]

Hike rates

National Bank of Poland raises rates to 6 USDPLN

The National Bank of Poland raised rates by 75 basis points on Wednesday to lower the benchmark interest rate from 5.25% to 6%, as expected. It was the 9e consecutive rise for the central bank, which cut rates to the highest level since November 2008. Unsurprisingly, inflation was the main reason for rising interest […]

Hike rates

Hawkish RBA hikes rates an oversized 50bps and piles pressure on ASX200

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 […]

Hike rates

RBI MPC set to hike rates 20-40bps in June, but inflation may not subside anytime soon | INTERVIEW

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 […]

Hike rates

Markets bet ECB to hike rates 0.5% in single meeting by October

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 […]

Hike rates

Fed on track to hike rates

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 […]

Hike rates

Restaurants can raise prices, shouldn’t deceively charge more: Goyal

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 […]

Hike rates

The Daily Chase: BoC Rising and Sounding the Alarm; Musk calls for his return to power

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 […]

Hike rates

RBA under pressure to rise as March quarter figures show rising inflation

“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 […]

Hike rates

Bank of Canada set to hike rates another 50 basis points as inflation runs wild

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 […]

Hike rates

Forward Guidance: Bank of Canada to Hike Rates Again as Economy Runs at Full Speed

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 […]

Hike rates

RBI to hike rates amid rising inflation, but hikes must not be endless: Governor Shaktikanta Das

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 […]

Hike rates

US stocks end higher as Fed minutes show determination to raise rates

Stocks ended broadly higher on Wall Street on Wednesday after minutes from the Federal Reserve’s latest meeting signaled the central bank intended to move “quickly” to raise interest rates to higher levels. neutral in its fight to control inflation. The S&P 500 rose 0.9%, while the Dow Jones Industrial Average rose 0.6%. The Nasdaq climbed […]

Hike rates

TREASURY – Yields were little changed after Fed minutes showed need for rate hikes

Band Herbert Lash and Karen Brettell NEW YORK, May 25 (Reuters) – Reference US Treasury yields have changed little Wednesday after Federal Reserve minutes showed policymakers agreed to raise interest rates by half a percentage point to fight inflation and said a ‘really strong’ economy may require a reduction in the money supply. Yields earlier […]

Hike rates

The ECB “will raise its rates three times before the end of the year”

The European Central Bank (ECB) will raise interest rates three times this year, the consultancy firm Capital Economics has predicted. The rate increases, of a quarter point or 25 basis points each, will take place in July, September and December, the consultancy said. “For now, we think raising rates to a neutral level will probably […]

Hike rates

RBI Governor Shaktikanta Das Says Central Bank Wants to Raise Rates in Upcoming Meetings | India Business News

NEW DELHI: India’s economic leaders are undertaking a coordinated attack on inflation, with fiscal and monetary authorities seeking to slow price increases and lessen the impact of rising costs on consumers. The joint moves come as inflation in Asia’s third-largest economy hits its highest level in eight years, topping the central bank’s target in the […]

Hike rates

POLL-Ghana’s central bank to hike rates to 18.75% to halt inflation

Band Vuyani Ndaba JOHANNESBURG, May 23 (Reuters) – The Bank of Ghana (BOG) will raise its benchmark rate again later on Monday, likely raising it by 175 basis points to 18.75%, as authorities scramble to rein in runaway inflation, according to a Reuters poll. African central banks are feeling liquidity pressures and dollar shortages as […]

Hike rates

Airtel tariff hike: Airtel to raise tariffs in 2022 to push ARPU to Rs 200: Gopal Vittal

Bharti Airtel is disappointed with the telecoms regulator’s recommended base prices for 5G waves, saying the industry had hoped for a much bigger cut which has not happened, Chief Executive Gopal Vittal said. It added that this should lead to another price hike in the 2022 calendar as it seeks to increase the average revenue […]

Hike rates

Inflation on the rise, FMCG companies raise prices, reduce packaging volume and weight

Like inflation is skyrocketing, India’s consumer trends are experiencing a palpable impact. With rising commodity prices, fast-moving consumer goods (FMCG) companies are raising product prices, not only by directly increasing retail prices, but also by reducing package sizes, a practice of the industry known as “grammage reduction”. On the consumer side, shoppers of items such […]

Hike rates

MPC Minutes: War in Ukraine Changed Inflation Dynamics Needed to Raise Rates Quickly: MPC Minutes

NEW DELHI: Minutes of unscheduled May 2-4 Monetary Policy Committee meeting at which rate hike was announced show much higher degree of urgency about inflation among members of the rate setting panel. Among the main factors that prompted Reserve Bank of India Governor Shaktikanta Das to announce the rate hike on May 4 was the […]

Hike rates

Bank of Israel to hike rates by a quarter point next week as inflation hits 4%

The Bank of Israel building is seen in Jerusalem June 16, 2020. REUTERS/Ronen Zvulun/File Photo Join now for FREE unlimited access to Reuters.com Register Tariff decision expected at 13:00 GMT on Monday Some analysts expect a stronger rate hike of 0.4 points to 0.75% Inflation rate at 4.0% in April, the highest since mid-2011 Analysts […]

Hike rates

Stocks rise as market expects BSP to hike rates

Reuters THE MAJOR INDEX jumped on Wednesday as investors bought shares ahead of Thursday’s Bangko Sentral ng Pilipinas (BSP) policy meeting, where analysts expect a rate hike to fight inflation. The benchmark Philippine Stock Exchange Index (PSEi) climbed 132.94 points or 2.01% to close at 6,727.60 on Wednesday, while the broader all-stock index rose 56, […]

Hike rates

The Fed Will Raise Rates Until Inflation Comes Down: 3 Banks to Watch

Federal Reserve Chairman Jerome Powell has indicated that the central bank will continue to raise interest rates until inflation is brought under control. At a Wall Street Journal event yesterday, he promised the Fed would keep pushing and could raise rates as high as needed to curb soaring inflation. He said: “What we need to […]

Hike rates

RBI expected to raise rates by 75 basis points by August, SBI economists say

At least 59% of the acceleration in inflation is attributable to the impact of the geopolitical conflict sparked by the Russian invasion of Ukraine, SBI economists said on Monday. Faced with the heightened inflation situation, the headline figure touched nearly 7.8% for April, and the RBI is expected to raise rates […]

Hike rates

RBI expected to raise rates further

Mumbai: The Reserve Bank of India (RBI) could raise its repo rates by 40 basis points (bps) and 35 bps in the June and August reviews, while the CRR could be increased by 100 bps during the period, according to an SBI study. CPI inflation rose to 7.79% on an annual basis in April from […]

Hike rates

Rbi could raise rates by 75 basis points by August amid war-induced high inflation, Sbi economists say

The Reserve Bank of India (RBI) is expected to raise rates by another 0.75% to bring the repo rate back to the pre-pandemic level of 5.15%, SBI economists said on Monday. The report, authored by Dr. Soumya Kanti Ghosh, the group’s chief economic adviser, SBI, attributes about 59% of the acceleration in inflation to the […]

Hike rates

RBI rate hike: RBI to hike rates again in June as inflationary pressures mount

As the latest headline retail inflation hit an 8-year high and above the tolerance limit for the fourth consecutive month, analysts expect the Reserve Bank of India (RBI) raises interest rates again. In a recent Reuters poll, analysts expected RBI to raise rates at its June meeting. Reuters said more than a quarter of economists, […]

Hike rates

Take your medications all at once – ictsd.org

Before diving into the dissection of what Jeremy Seigel from the Wharton Business School, an acclaimed university wishes to convey, let us better understand the matter on which he wishes to share his so important opinions. The term inflation is not foreign to anyone. And even more in the rising periods. Adding fuel to the […]

Hike rates

Fed’s Bullard backs plan to hike rates 50 basis points at each of next two meetings

St. Louis Fed President James Bullard, who has been a leading spokesman for aggressive rate hikes this year, said Wednesday he was content with a rate hike plan of interest of 50 basis points at each of the next two meetings. “We have a plan in place, which is 50 basis points at the last […]

Hike rates

Council authorizes sheriff to raise service rates in contract towns

RIVERSIDE (CNS) – The Board of Supervisors on Tuesday approved Riverside County Sheriff Chad Bianco’s request to increase the aggregate rate charged to 16 towns and other contracted entities for the use of patrol and service deputies. support associated with operations. In a 5-0 vote without comment, supervisors authorized the 4.09% increase, which is retroactive […]

Hike rates

When central banks raise their rates, what is the impact on currencies and exchange rates?

Dubai: Have you ever wondered why central banks around the world are raising rates in tandem with the US? Does currency movement and fluctuating exchange rates have anything to do with it? This is partly the case. One of the reasons why higher interest rates in a country can increase the value of that country’s […]

Hike rates

The Central Coast Council has been allowed to hike rates by 15% for a decade to pay off emergency debts

A NSW council has been criticized for asking residents to take shorter showers and watch how much they flush. Angry residents have slammed a beleaguered NSW council for asking residents to take shorter showers while demanding they pay higher rates for a decade. Central Coast ratepayers will face 10 years of higher costs after a […]

Hike rates

Board considers sheriff’s request to raise rates for contract towns

The Board of Supervisors is scheduled to consider Riverside County Sheriff Chad Bianco’s request on Tuesday to increase the aggregate rate charged to 16 towns and other contracted entities for the use of patrol deputies and support services. The 4.09% increase, if approved, would be retroactive to July 1, 2021. According to sheriff’s officials, it […]

Hike rates

BOE’s Michael Saunders says central bank needs to raise rates quickly to dampen inflation

RyanKing999/iStock via Getty Images Michael Saunders of the Bank of England believes it is in the interest of central banks to increase interest rates rapidly as consumer price inflation looms at multi-decade highs, his writing says speech Monday. Saunders, who voted for an aggressive 50 basis point hike at the BOE meeting last week, warned […]

Hike rates

As Central Banks Raise Rates, Should You Short Gold?

New Delhi: Gold prices have trended lower as rising interest rates push bond yields higher, diminishing the gold’s appeal. After hitting a high of Rs 53,600 on April 18, the yellow metal fell by around Rs 2,000 per 10 grams in the domestic market. However, gold has failed to hold the Rs 51,000 mark so […]

Hike rates

Malaysian central bank to hike rates next quarter

Breadcrumb Links PMN Company Author of the article: Reuters Shaloo Shrivastava Content of the article BENGALURU – Malaysia’s central bank will keep its interest rate steady this week to support a still-nascent economic recovery, according to a Reuters poll, but will start to tighten policy next quarter to head off rising inflationary pressures. This dovish […]

Hike rates

POLL-Malaysia’s central bank to hike rates next quarter

Band Shaloo Shrivastava BANGALURU, May 9 (Reuters) – Malaysia’s central bank will keep its interest rate steady this week to support a still-nascent economic recovery, according to a Reuters poll, but will start to tighten policy in the next quarter to head off rising inflationary pressures. This dovish stance was in stark contrast to other […]

Hike rates

Banks raise rates: EMIs set to get more expensive, lender spread set to narrow

THREE DAYS after the Reserve Bank India (RBI) decided to raise the repo rate by 40 basis points, the mortgage company HDFC Ltd on Saturday raised its retail prime rate (RPLR) by 30 basis points . Canara Bank and Punjab National Bank (PNB) also joined other banks in raising repo-linked lending (RLLR) rates by 40 […]

Hike rates

More economists expect BSP to hike rates sooner

MANILA, Philippines — A growing number of economists believe the Philippines is poised to join the interest rate hike bandwagon as pressure for monetary tightening continues to mount. In her weekly Asia Macro report, “Rising Pressure to Jump on the Rate Hike Bandwagon,” ANZ Research economist Krystal Tan said rising domestic inflation was becoming hard […]

Hike rates

DXY, Yields Soar, Fed Hikes Rates, Powell Sees More Rises Ahead

GBP plunges, UK growth outlook deteriorates; EUR, AUD/EMFX fall Summary: The dollar index (USD/DXY), a favorite gauge of the greenback’s value against a basket of six major currencies, climbed 0.96% to 103.60 (102.50 yesterday), matching its Tuesday’s close (highest since November 2002). This came a day after the FOMC raised interest rates by 50 basis […]

Hike rates

Forex Signals Brief for May 5: BOE to hike rates, after FED’s 50 bps rate hike yesterday

Yesterday’s market wrap Yesterday started with the New Zealand jobs report, and later RBNZ Governor Orr gave a speech. However, the NZD didn’t care much, as yesterday’s focus was on the Fed’s rate decision and press conference. Services in Europe have shown decent expansion, as spring kicks in and people are dying to have fun […]

Hike rates

RBI has stopped being in denial, now needs to raise rates further

In trying to squeeze a last drop of production from an empty barrel of money elixir, India’s central bank has made the grave mistake of not only ignoring rising inflation in the country, but also pretending that she didn’t exist. Now that the Reserve Bank of India has surprised the market with an unanticipated 40 […]

Hike rates

Fed rate hike: The Fed will sharply hike rates by half a percent to keep inflation under control

After the last Fed meeting on Wednesday, the US central bank decided to take what is said to be one of its most drastic measures in 3 decades to fight inflation. The Federal Reserve plans to beat inflation by making borrowing more expensive. Inflation rates hit a new 40-year high, forcing the Fed to act […]

Hike rates

POLL-Polish c.bank to raise rates by 100 basis points to deal with soaring CPI

Band Alan Charlish WARSAW, May 4 (Reuters) – The National Bank of Poland (NBP) is expected to make its second consecutive 100 basis point hike on Thursday, according to a Reuters poll, taking the cost of credit to 5.5% as it grapples with the worst inflation high for nearly a quarter of a year. century. […]

Hike rates

PPL plans to raise rates again; here’s how much more you could pay each month – The Morning Call

Some PPL Electric Utilities customers will pay hundreds of dollars more for service this year. After an increase of nearly 26% in the residential price to be compared in December, there will be an increase of 38% as of June 1. The average residential PPL customer will see their monthly bill increase by about $34, […]

Hike rates

US futures climb as Fed prepares to hike rates, while 10-year Treasury yield explodes to 3%

U.S. futures rose along with bond yields on Tuesday as investors braced for the Fed’s latest move. The US central bank is expected to raise interest rates by 50 basis points on Wednesday. U.S. stock futures rose and the key 10-year Treasury yield crossed 3% for the first time in more than three years on […]

Hike rates

ECB may raise rates in July to fight extreme inflation – Schnabel

Isabel Schnabel, a member of the German economic expert advisory board, attends the 29th Frankfurt European Banking Congress (EBC) at the old opera house in Frankfurt, Germany November 22, 2019. REUTERS/Ralph Orlowski Join now for FREE unlimited access to Reuters.com Register FRANKFURT, May 3 (Reuters) – The European Central Bank may have to raise interest […]

Hike rates

Central banks to hike rates in ‘show of force’ against runaway inflation

The world’s major central banks appear poised for an aggressive series of ‘show of force’ interest rate hikes as they step up the fight against inflation By Hugo Duncan for the Daily Mail Published: 9:50 p.m. BST, 1 May 2022 | Update: 9:50 p.m. BST, 1 May 2022 The world’s major central banks appear poised […]

Hike rates

Inflation shock could prompt RBA to hike rates as early as next week

Inflation shock could prompt RBA to hike rates as early as next week Annual headline inflation rate 5.1% and core inflation 3.7% The current setting of official interest rates at 0.1% is no longer appropriate RBA dilemma: 0.15% increase next week or 0.4% next month? Capital markets are prepared for a normalization of interest rates. […]

Hike rates

Will higher inflation force the RBA to raise rates?

Inflation is rising everywhere except China and Japan for some reason. CPI (consumer price index) inflation had already been rising for two years, despite the pandemic and lockdowns. But, in March, we saw another jump after the start of the conflict in Ukraine. Crude oil jumped to nearly $130 after the US imposed sanctions on […]

Hike rates

RBA could hike rates in May amid soaring inflation

Data released today by the Australian Bureau of Statistics shows that headline inflation has hit 5.1% over the past 12 months, confirming Australians’ concerns over the cost of living and raising the likelihood of a interest rate hike ahead of the election. On a quarterly basis, the Consumer Price Index (CPI) rose 2.1%. ABS price […]

Hike rates

Inflation in India: With inflation now a priority, RBI set to hike rates in June

With inflationary pressures steadily building and retail price inflation hitting a 17-month high in March, analysts now expect the Reserve Bank of India (RBI) to start raising repo rates in June, earlier than expected a few weeks ago. At its April 8 meeting, the RBI prioritized containing inflation over supporting growth, even keeping the repo […]

Hike rates

RBI to hike rates in June, with faster tightening trajectory likely if inflation surges: report

RBI to raise repo rate in June, ahead of schedule: Reuters poll BENGALERU: The Reserve Bank of India will raise its repo rate in June and rise at a faster pace than expected just weeks ago as a spike in inflation pushes the central bank to act faster, according to a Reuters poll. Retail price […]

Hike rates

Condo insurers quit Florida, raise rates after collapse

5050 Northwest Seventh Street in Miami (Google Maps, iStock) Insurers have become increasingly reluctant to issue policies for aging condos in Florida following the failure of the state legislature to pass safety reforms, despite Surfside’s deadly collapse last year. Insurers are pulling out of the high-risk market or raising rates, leaving associations in a bind, […]

Hike rates

POLL-Swedish c.bank to hike rates by June as inflation forces U-turn

Benchmark rate currently at 0% Three of 16 see the first hike this week, 9 see the June hike The policy rate will reach 1.00% by the end of 2023 – median forecast Balance sheet down this year Political decision expected Thursday 07:30 GMT Link to data: Reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/cb-polls?RIC=SERATE%3DECI STOCKHOLM, April 25 (Reuters) – Sweden’s central […]

Hike rates

EUR/SEK to challenge 2022 lows if Riksbank raises rates in April – Danske Bank

A series of hawkish speeches from the Riksbank accompanied by impressions of surprisingly high inflation paved the way for early rate hikes and contributed significantly to the SEK’s rally. The EUR/SEK pair could test 2022 lows if the Riksbank raises rates at its next meeting on Thursday, April 28, economists at Danske Bank report. Riksbank […]

Hike rates

Why Cathie Wood says the Fed won’t raise rates as much as markets bet

The founder and CEO of ARK Investment Management Cathy Wood says there could be a surprise if Federal Reserve interest rates don’t rise as much as the market had expected. Speaking at the Seedly Personal Finance Festival in Singapore, Wood said: “We think the Fed is getting a lot of messages right now that they […]

Hike rates

Fed to raise rates by 75 basis points in June and July – Nomura

pabradyphoto/iStock via Getty Images Seventy-five basis points are the new 50 basis points. A resolutely hawkish Federal Reserve is raising market expectations for steep interest rate hikes that would have been considered unthinkable (and crippling for the market) just two months ago. Nomura said Friday that the FOMC would raise the federal funds rate by […]

Hike rates

Fed to hike rates 75 basis points in June and July, Nomura says

Nomura now expects the Fed to raise interest rates by 75 basis points in June and July, following a 50 basis point hike in May. It would be one of the fastest tightening cycles in history, as the Fed grapples with searing inflation. Fed officials, including Chairman Jerome Powell, have strongly suggested they want to […]

Hike rates

Economists say RBA unlikely to hike rates ahead of May 21 election despite inflation and soaring wages

The country’s central bank left some economists scratching their heads on Tuesday after dropping another hint on the timing of interest rate hikes. The Reserve Bank says inflation and wage growth are high enough to push interest rate hikes forward, but it dropped another clue as to why that’s not likely to happen until after […]

Hike rates

Loans will be more expensive as banks raise rates; SBI, Axis revises the MCLR upwards

The State Bank of India (SBI), the country’s largest lender, and some of the other major banks have started raising their benchmark lending rate – the marginal cost of funds-based lending rate (MCLR) – a move which will encourage customers to pay more on their home, auto and other personal loans. SBI increased its […]

Hike rates

Two private hospitals in Kolkata raise tariffs, others may follow | Kolkata News

KOLKATA: Two private hospitals in the city have increased their prices after a two-year gap, while at least a few others are considering a price hike in the coming months, even as most of these hospitals have resumed normal operations, after liquidating their Covid units. Rising costs and expenses incurred in developing Covid infrastructure, in […]

Hike rates

Two City Pvt Hosps Hiking Rates, Others May Follow | Kolkata News

Kolkata: Two private hospitals in the city have increased their rates after a two-year gap, while at least a few others are considering a rate hike in the coming months, even as most of these hospitals have resumed normal operations, after liquidating their Covid units.Rising costs and expenses incurred in developing Covid infrastructure, in addition […]

Hike rates

Forbes India – Inflation shock could push RBI to hike rates in June

Consumer Indrani Majumder buys vegetables from a roadside vegetable vendor in Kolkata, India, March 22, 2022. Picture taken March 22, 2022; Image: Rupak De Chowdhuri/REUTERS BBarely three days after the monetary policy committee’s long-running decision to prioritize rising inflation over weak growth by gradually weaning the economy from ultra-accommodation, the economy suffered a double […]

Hike rates

RBI may be forced to raise rates sooner as March inflation climbs to 6.95%

RBI may be forced to hike rates sooner after latest inflation spike The Reserve Bank of India could be forced to act faster on policy tightening after data showed retail price inflation rose sharply to nearly 7% in March, and the fallout from the war of Ukraine pushing energy rates higher should add to already […]

Hike rates

SPDR S&P 500 ETF (ETF:SPY), iShares Barclays 20 Year Treasury Bond Fund ETF (ETF:TLT) – Economists expect Fed to hike rates aggressively in coming months: Reuters

According to economists interviewed by Reuters, the Federal Reserve is expected to raise interest rates by half a point in May and June to combat rising inflation. They also predict a 40% chance of a recession next year. With the jobless rate nearing a four-decade low, inflation at a four-decade high, and global commodity prices […]

Hike rates

Most global central banks poised to hike rates as inflation bites; The vigilant ECB

The European Central Bank is unlikely to rush to new decisions this week as record inflation in the euro zone and a raging war just over its border leave officials navigating in a fog of uncertainty. With the Board of Governors already accelerating a tapering of stimulus measures in March, investors will focus on how […]

Hike rates

Goldman economist sees chance that the Fed will have to raise rates beyond 4%

The Federal Reserve may need to raise interest rates “significantly” higher than it currently plans to cool an overheated U.S. economy, the chief economist at Goldman Sachs Group Inc. said, Jan Hatzius. “If the economy doesn’t slow down and if we, in particular, don’t get a big enough slowdown in job growth, then you would […]

Hike rates

Will the RBI raise rates?

Photo: iStock HIGHLIGHTS Inflation has exceeded the RBI’s tolerance band, GDP growth has slowed and crude and commodities are adding to cost pressure. The RBI is expected to maintain its dovish stance and leave all rates unchanged. New Delhi: the RBI April 2022 meeting comes at a crucial time – growth was not supported, inflation […]