BP says two killed in Ohio refinery fire
(Reuters) -BP said on Wednesday two of its staff were killed after sustaining injuries in a fire at its 150,800 barrel-per-day Toledo, Ohio, refinery. “The fire … Read more
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Global cenbanks lift rates by nearly 1,200 bps in July
By Karin Strohecker and Vincent Flasseur LONDON – Major developed and emerging market central banks around the globe delivered nearly 1,200 basis points in interest … Read more
Brazil central bank to raise rates by 50 bps on Aug. 3: Reuters poll
By Valentine Hilaire MEXICO CITY – Brazil’s central bank will hike its key rate by 50 basis points next week, a Reuters poll showed on … Read more
Australia cenbank to play catch-up, raise rates by 50 bps for third month on Aug 2
By Devayani Sathyan BENGALURU – Australia’s central bank will deliver its third consecutive half-point interest rate hike on Tuesday and another in September, playing catch-up … Read more
Kuwait central bank raises key rate by 25 bps to 2.5%
(Reuters) – The Central Bank of Kuwait said on Wednesday it increased its discount rate by 25 basis points to 2.5%, after the U.S. Federal … Read more
Fed to stick to 75 bps hike in July; 40% chance of recession: Reuters poll
By Prerana Bhat BENGALURU – The U.S. Federal Reserve will opt for another 75 basis point rate hike rather than a larger move at its … Read more
Russia seen cutting key rate by 50 bps to 9% on Friday
(This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine.) MOSCOW – The Russian central bank is expected … Read more
Bank of Israel unanimously backed 50 bps July hike to fight inflation -minutes
By Steven Scheer JERUSALEM – All six rate setters at the Bank of Israel supported raising the benchmark interest rate by 0.5 point to 1.25% … Read more
Marketmind: Euro at parity and talk of a 100 bps U.S. rate hike
A look at the day ahead in markets from Dhara Ranasinghe. After staring parity against the dollar in the face for days, the euro finally … Read more
Bank of Korea to hike rates by historic 50 bps – Reuters poll
By Shaloo Shrivastava and Cynthia Kim (Reuters) – South Korea’s central bank will deliver its first-ever 50 basis point rate rise to 2.25% on Wednesday, … Read more
RBNZ ‘on a roll’, to deliver two more 50 bps rate hikes in a row: Reuters poll
By Devayani Sathyan BENGALURU – The Reserve Bank of New Zealand will deliver a third successive half-point interest rate hike on Wednesday and a fourth … Read more
Philippines central bank gov says may raise rates by 100 bps more this year
MANILA – The Philippine central bank may raise interest rates by 100 basis points more this year, its governor said on Wednesday, after annual inflation … Read more
RBA to hike rates by another 50 bps in July to make up for lost time: Reuters poll
By Devayani Sathyan BENGALURU – Australia’s central bank will deliver another half percentage-point interest rate hike on Tuesday as it fights to tame surging inflation, … Read more
Fed’s Mester backs 75 bps hike in July if economic conditions remain same – CNBC
(Reuters) – Cleveland Federal Reserve Bank President Loretta Mester told CNBC on Wednesday if economic conditions remain the same, she will advocate for a 75 … Read more
Fed’s Daly: 75 bps rate hike likely needed in July
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Friday said another 75 basis point interest rate hike in July is her “starting … Read more
Fed to lift rates by 75 basis points in July, 50 bps in September – Reuters poll
By Prerana Bhat and Indradip Ghosh BENGALURU – The Federal Reserve will deliver another 75-basis-point interest rate hike in July, followed by a half-percentage-point rise … Read more
Fed’s Kashkari: ‘prudent’ to use 50 bps hikes after July
(Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari on Friday said he supported the U.S. central bank’s 0.75 percentage point interest-rate hike this week … Read more
ECB’s Knot says several 50 bps rate hikes possible if inflation worsens
BRUSSELS -European Central Bank policymaker Klaas Knot told Dutch radio broadcaster BNR on Friday the ECB may need to make several 50 basis point rate … Read more
Gulf central banks raise rates as U.S. Fed lifts to 75 bps
By Yousef Saba DUBAI – Most Gulf central banks followed the U.S. Federal Reserve on Wednesday, lifting their key interest rates by three-quarters of a … Read more
Swiss National Bank to leave rates steady in June, raise 25 bps in Sept- Reuters poll
By Indradip Ghosh and John Revill BENGALURU/ZURICH – The Swiss National Bank will keep its negative policy interest rate unchanged on Thursday and will not … Read more
Czech central banker Benda: 50, even 75 bps hike may not be enough this month – paper
PRAGUE – The Czech central bank needs to raise interest rates significantly again when its board meets on June 22 and even a 75 basis-point … Read more
ECB’s Kazimir: we need to raise rates by 50 bps in September
(Reuters) – The European Central Bank needs to speed up the pace of interest rate tightening to 50 basis points in September after an initial … Read more
BoE to raise rates 25 bps in June, stick to slow pace in coming months: Reuters Poll
(Reuters) – The Bank of England will raise interest rates in June by a modest 25 basis points and stick to those increments in coming … Read more
Argentina interest rate seen up 200 bps as inflation boils over
By Jorge Otaola BUENOS AIRES – Argentina’s benchmark interest rate is likely to be hiked another 200 basis points next week, analysts polled by Reuters … Read more
All of Poland’s MPC members backed 75 bps hike in March- voting records
WARSAW – All nine members of Poland’s Monetary Policy Council (MPC) present at its March rate-setting meeting voted in favour of a 75 basis point … Read more
Russia seen cutting key rate by 100 bps to 10% on Friday- Reuters poll
(Reuters) – The Russian central bank is expected to cut its key interest rate by 100 basis points to 10% on Friday as it tries … Read more
RBA to raise rates a modest 25 bps in June, some call for 40 bps – Reuters poll
By Devayani Sathyan BENGALURU – Australia’s central bank will raise rates by a modest 25 basis points for a second straight meeting in June, still … Read more
Deutsche Bank sees a 50 bps ECB rate hike by September
MILAN – Deutsche Bank economists have ramped up expectations over European Central Bank policy tightening and now expect one of the two interest rate hikes … Read more
Money markets price in 50-50 chance of 50 bps July ECB hike
By Yoruk Bahceli (Reuters) – Euro zone money markets on Friday ramped up their bets on a 50 basis-point interest rate hike from the European … Read more
ECB to hike deposit rate 25 bps in July, ditch negative rates by end-September: Reuters poll
By Swathi Nair BENGALURU – The European Central Bank is expected to raise the deposit rate for the first time in over a decade in … Read more
Hungary cenbank raised interest rates by 100 bps in unanimous April vote -minutes
BUDAPEST – Hungarian rate-setters voted unanimously to raise the base rate by 100 basis points to 5.4% on April 26, the minutes of the meeting … Read more
Fed’s Williams: 50 bps interest rate hikes at next two meetings “makes sense”
ELTVILLE AM RHEIN, Germany – The Federal Reserve’s signal that it will likely raise interest rates by 50 bps at each of its next two … Read more
U.S. rate futures price in 75% chance of 75 bps Fed hike in June
By Gertrude Chavez-Dreyfuss NEW YORK – Futures on the federal funds rate priced in on Thursday a roughly 75% chance of a three quarters of … Read more
U.S. rate futures price in 70% chance of 50 bps hike in June Fed meeting
(Reuters) – Futures on the federal funds rate have priced in a roughly 70% chance of another half a percentage-point tightening at next month’s meeting … Read more
RBNZ to raise rates by 25 bps on April 13, some call for 50- Reuters poll
By Devayani Sathyan and Vivek Mishra BENGALURU – New Zealand’s central bank will opt for a modest 25 basis point interest rate rise on April … Read more
Gulf central banks follow Fed to raise key rates by 25 bps
CAIRO -Gulf central banks on Wednesday raised their main interest rates by a quarter percentage point in lockstep with the U.S. Federal Reserve as it … Read more
For BP’s CEO, Russian exit eased by reservations about Rosneft stake
By Ron Bousso LONDON – Within hours of Moscow launching its invasion of Ukraine, BP’s chief executive summoned his senior team to discuss the limited … Read more
Hungary central bank raises one-week deposit rate by 30 bps to 4.6%
BUDAPEST – Hungary’s central bank raised its one-week deposit rate by 30 basis points to 4.6% at a weekly tender on Thursday, as expected, two … Read more
Fed’s Mester says she doesn’t see compelling case to start with 50 bps rate hike
NEW YORK – It is time for the Federal Reserve to start removing accommodation and raising interest rates, but it is not necessary for the … Read more