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…
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 July and bring it out of negative…
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 showed on Wednesday. “The Monetary Council would…
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 meetings in June and July is sensible,…
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 a percentage point tightening by the Federal…
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 after the Federal Reserve lifted the rate…
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 13, but is set to raise by…
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 began a monetary tightening cycle in a…
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 options for its Russian operations, including separating…
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 days after it raised its base rate…
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 central bank to launch its rate hike…
Credit Suisse expects 50 bps cut in China’s first-half reserve requirement ratio
– Credit Suisse economists expect a further 50 basis point (bps) cut in China’s reserve requirement ratio (RRR) in the first half of 2022, given the Asian economy is starting to ease…
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