By William Schomberg LONDON – The Bank of England must decide next week whether to join the ranks of central banks rushing out their biggest interest rate hikes in decades, …
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By William Schomberg LONDON -Britain’s businesses grew at their slowest pace in 17 months in July and inflation pressures eased, according to an industry survey that might reduce pressure on …
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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 …
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‘Impossible Situation’: Europe Faces Recession, Debt Crisis As Rate Hike Looms Max Keating on July 20, 2022 The European Central Bank (ECB) will announce its first interest rate hike in …
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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 …
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By Julie Gordon and Divya Rajagopal OTTAWA – The Bank of Canada’s surprise jumbo interest rate hike this week has jolted highly indebted consumers, who took out large mortgages during …
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(Reuters) – St. Louis Federal Reserve President James Bullard would prefer to lift interest rates by 75 basis points at the central bank’s next meeting later this month, telling the …
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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 — …
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MANILA – The Philippine economy continues to be robust to absorb the 75 basis points increase in the central bank’s benchmark interest rates, given an expansion in economic activity early …
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NEW YORK – Futures on the federal funds rate have increased the chances of a full percentage-point hike at the Federal Reserve meeting later this month after a hotter-than-expected U.S. …
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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 …
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NEW YORK – A deteriorating inflation situation and concern about lost faith in the Federal Reserve’s power to make it better prompted U.S. central bank officials to rally around an …
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(Reuters) – Australia’s “big four” lenders raised their home loan variable interest rates on Wednesday by 50 basis points (bps) per annum, passing on the central bank’s third consecutive rate …
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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 …
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By Byron Kaye SYDNEY – Two of Australia’s biggest home lenders jacked up fixed-rate home loans in line with increases to their own borrowing costs, spokespeople told Reuters, adding to …
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(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 …
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(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 …
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By Ann Saphir (Reuters) – Chicago Federal Reserve Bank President Charles Evans on Wednesday signaled he would likely back another big interest rate hike in July unless inflation data improves, …
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(Reuters) – Kansas City Federal Reserve President Esther George on Friday said she dissented against the U.S. central bank’s three-quarters-of-a-percentage-point interest rate increase this week because she “viewed that move …
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HONG KONG – HSBC Holdings said on Thursday it will leave its best lending rate unchanged in Hong Kong at 5% despite the city’s central bank raising the base rate. …
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By Howard Schneider WASHINGTON – Eroding inflation data and fast-changing views in financial markets on Monday have opened the door to a larger-than-expected three-quarter-percentage point interest rate increase when Federal …
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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, …
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By Gabriel Araujo and Jackie Botts MEXICO CITY – Mexican inflation rose faster than expected in May, data from the INEGI national statistics agency showed on Thursday, prompting bets the …
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(Reuters) – Australia’s major lenders raised their home loan variable interest rates on Wednesday by 50 basis points per annum, a day after the central bank surprised markets with its …
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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 …