New Jersey lawmakers say state push to delay energy hikes an election season gimmick
TRENTON, N.J. — Republican Senators Anthony Bucco and Michael Testa slammed the New Jersey Board of Public Utilities (BPU) on Wednesday over its latest move allowing utility companies to propose deferred rate…
Thai growth could reach 3.5% this year, needs gradual rate hikes – Finance Minister
By Orathai Sriring and Chayut Setboonsarng BANGKOK (Reuters) – Thailand should see economic growth of 3.0%-3.5% this year, driven by its key export and tourism sectors, a recovery that is best supported…
Publicis hikes 2022 guidance once again after Q3 beat
(Reuters) – Publicis Groupe, the world’s third-biggest advertising group, on Tuesday raised its full-year guidance for the second time this year, after posting better-than-expected third-quarter organic revenue growth. The company forecasts organic…
Lyft hikes service fee for rides as insurance costs rise
By Nivedita Balu (Reuters) – Lyft Inc is increasing the service fee its U.S. riders pay directly to the company to cover higher insurance costs, the ride-hailing firm said. The increase averages…
Fed’s Bullard says boost to dollar from interest rate hikes may ease
WASHINGTON (Reuters) -The Federal Reserve’s rapid interest rate increases have contributed to the strength of the dollar against other currencies, but that may ease once the U.S. central bank reaches the point…
Fed’s George repeats call for steadier and slower path of rate hikes
By Lindsay Dunsmuir (Reuters) – The Federal Reserve should more slowly and steadily raise interest rates to allow time for its policy actions to seep through the economy and minimize market volatility,…
ECB may need 75 bps rates hikes in Oct, Dec before balance sheet cut, Vasle says
By Balazs Koranyi WASHINGTON (Reuters) – The European Central Bank should raise interest rates by 75 basis points at both of its upcoming meetings this year, then needs to discuss shrinking its…
German car industry baulks at supplier demands over energy hikes
By Victoria Waldersee WOLFSBURG, Germany (Reuters) – Germany’s giant carmakers may have secured their own energy supplies but thousands of small suppliers faced with a squeeze from soaring bills risk upsetting production…
Fiscal expansion risks forcing ECB into more rate hikes, Kazaks says
WASHINGTON (Reuters) – The European Central Bank should keep raising interest rates quickly, and expansive fiscal policy around the 19-country euro zone is raising the risk the bank will have to tighten…
ECB’s hawks call for more rate hikes soon
WASHINGTON (Reuters) -Two European Central Bank policy hawks called for more interest rate hikes on Thursday to fight runaway prices in the euro zone. The ECB has raised its rate on bank…
Fed’s Bowman says more big rate hikes on table if inflation will not cool
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Governor Michelle Bowman said on Wednesday that if high inflation does not start to wane she will continue to support aggressive rate…
Analysis-Weak forint rains on Hungary’s ‘no more hikes’ parade
By Krisztina Than BUDAPEST (Reuters) – Hungary’s central bank tightened forint liquidity further on Wednesday at a deposit tender as part of its latest efforts to shore up the currency, but too…
ECB’s Lagarde sticks to rate hikes as bond debate starts
WASHINGTON (Reuters) -European Central Bank President Christine Lagarde on Wednesday singled out interest rate increases as the best tool to fight runaway inflation in the euro zone even as a debate about…
Rate hikes to have limited impact on Indian banks’ profits – Moody’s
BENGALURU (Reuters) – The Reserve Bank of India’s slew of rate hikes this year to combat surging inflation will help lift banks’ net interest margins, but the increase will be limited as…
Thai rate hikes to be gradual, inflation to stay high through 2022 -central bank minutes
BANGKOK (Reuters) – Thailand’s rate committee raised its key interest rate late last month and noted that headline inflation was set to remain high through 2022, minutes of the meeting showed on…
Inflation could mean more rate hikes than expected, Dutch central bank says
AMSTERDAM (Reuters) – High inflation in the Netherlands might be more persistent than expected and could lead to more rate increases than markets and economic models now predict, the Dutch central bank…
Fed’s Waller sees further aggressive rate hikes in inflation battle
(Reuters) – The U.S. Federal Reserve needs to keep raising interest rates into early next year to bring down stubbornly high inflation, Governor Christopher Waller said on Thursday in a hawkish speech…
Fed’s Kashkari: ‘quite a ways away’ from pausing rate hikes
By Ann Saphir (Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari on Thursday said the U.S. central bank has “more work to do” on bringing down inflation, and is “quite a…
Aggressive rate hikes best option but unlikely to quell EMFX sell-off – Reuters poll
By Vuyani Ndaba and Arsh Tushar Mogre JOHANNESBURG/BENGALURU (Reuters) – Central bank intervention via U.S. dollar sales won’t strengthen emerging market currencies against an ever-dominant greenback, a Reuters poll found, and many…
Goldman hikes third-quarter GDP growth estimate to 1.9%
By Stephen Culp NEW YORK (Reuters) – Goldman Sachs boosted its third-quarter GDP growth estimate by a full percentage point, to 1.9% from 0.9%, on Wednesday after a series of economic indicators…
Hungary’s central bank launches tool to drain liquidity after ending rate hikes
BUDAPEST (Reuters) – Hungary’s central bank accepted 2.093 trillion forints ($4.90 billion) worth of bids from banks at its first floating-rate two-month deposit tender on Wednesday as part of its efforts to…
Swiss National Bank’s Maechler says further rate hikes ‘quite possible’
ZURICH (Reuters) – The Swiss National Bank is prepared to raise interest rates further to tackle inflation after its recent 75-basis-point hike, SNB Governing Board member Andrea Maechler said on Wednesday. “It…
IMF says wage-price spirals are rare, but rate hikes needed to quell inflation expectations
By David Lawder WASHINGTON (Reuters) – New research by the International Monetary Fund shows that sustained wage-price spirals are historically rare, and recent sharp interest rate hikes by central banks are likely…
Australia, New Zealand keep global rate hikes on upward swing
LONDON (Reuters) – Major central banks are determined to clamp down on red-hot inflation, with Australia and New Zealand delivering further interest rate hikes this week. A smaller-than-anticipated rate hike in Australia…
Philippines’ 4-year high inflation boosts chances of more rate hikes
By Neil Jerome Morales MANILA (Reuters) – Philippine annual inflation quickened to 6.9% in September, hitting its fastest pace in four years, firming up expectations the central bank will hike rates further…
Fed’s Daly: need further rate hikes to beat inflation
By Ann Saphir (Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Tuesday said the U.S. central bank needs to push borrowing costs higher and then hold those restrictive policies…
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