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 rate hikes in July alone, ramping up…
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 Reserve’s three quarters of a percentage point…
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 meeting next week to quell stubbornly-high inflation…
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 to cut its key interest rate by…
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% at their July 4 meeting in a…
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 broke the key level — to the…
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, turning up the heat on a rate-hiking…
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 next month in its most aggressive policy…
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 soared to a near four-year high in…
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, marking the first time it has ever…
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 basis points (bps) hike in interest rates…
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 point,” though if the economy slows 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 in September, and won’t scale back to…
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 and could support another similar-sized one in…
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 hikes if inflation continues to rise and…
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 percentage point, while Saudi Arabia made a…
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 raise it to zero until early next…
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 increase may not be enough, board member…
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 hike of 25 basis points in July,…
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 meetings despite inflation running close to double-digits,…
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 estimated, as the central bank seeks to…
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 hike, voting records showed on Tuesday. In…
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 to make lending more affordable amid sluggish…
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 opting to move more slowly than most…
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 in the third quarter to be a…
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 Central Bank in July that would bring…
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