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 …
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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 …
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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 …
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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 …
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By John Revill ZURICH (Reuters) -Sika expects to increase its sales between 15% and 18% next year, the Swiss company said on Tuesday, after raising its 2022 outlook and putting …
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By Fergal Smith TORONTO (Reuters) – Canadian manufacturing activity contracted for a second straight month in September as higher borrowing costs and an uncertain economic outlook contributed to a drop …
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By Nelson Bocanegra and Carlos Vargas BOGOTA (Reuters) – Colombia’s central bank board raised the benchmark interest rate by 100 basis points to 10% on Thursday, as inflation pressures and …
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By MacDonald Dzirutwe LAGOS (Reuters) – Nigeria’s central bank on Tuesday hiked its main lending rate by 150 basis points to 15.50%, its highest level yet and more than forecast, …
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(Refiles to add media packaging code) (Reuters) – Wells Fargo expects steeper rate hikes by the Federal Reserve due to resiliency of the U.S. economy and the central bank’s increased …
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By Jason Hovet PRAGUE (Reuters) – Central European policymakers are seeking to end a cycle of interest rate hikes running since last year even as inflationary pressures remain and the …
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DUBLIN (Reuters) – Ireland on Saturday almost doubled its budget surplus forecast for 2022 to 0.9% of gross domestic product thanks to booming corporate tax revenues, giving it extra resources …
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A look at the day ahead in U.S. and global markets from Dhara Ranasinghe. What a 24 hours it’s been in financial markets. Let’s start with Japan — just hours …
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By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) – The Philippine central bank hiked its benchmark interest rates by half a percentage point on Thursday, and said it …
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Fed Hikes Interest Rates For Third Time In Four Months Bronson Winslow on September 21, 2022 The Federal Reserve has raised target interest rates by 75 basis points for the …
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By Sarah Marsh BERLIN (Reuters) – Russia’s first mobilization since World War Two makes more urgent the need for a cap on Russian oil prices to cut off the “blood …
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SYDNEY (Reuters) – A top Australian central banker said on Wednesday monetary policy was not yet restrictive despite five rate rises in as many months, but the bank was looking …
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By Enrico Dela Cruz MANILA (Reuters) – The Asian Development Bank (ADB) on Wednesday cut its growth forecasts for developing Asia for 2022 and 2023 amid mounting risks from increased …
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FRANKFURT (Reuters) -The European Central Bank may need to raise interest rates to a level that restricts economic growth in order to cool demand and combat unacceptably high inflation, ECB …
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TOKYO (Reuters) – Japan will spend 3.48 trillion yen ($24.31 billion) in budget reserves to cope with ongoing price hikes and respond to COVID-19, the Ministry of Finance said on …
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By Davide Barbuscia NEW YORK (Reuters) – Vanguard, the world’s second-largest asset manager, believes U.S. Treasuries are near the end of a painful decline even as prices tumble to fresh …
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By Marc Jones LONDON (Reuters) – The world’s central bank umbrella body, the Bank for International Settlements (BIS), has urged major economies to forge ahead with forceful interest rate hikes …
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By Swati Bhat MUMBAI (Reuters) – The Reserve Bank of India said on Friday it will have to front-load its monetary policy to fight stubborn inflation and shield medium-term growth …
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By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s central bank hiked the country’s benchmark interest rate 550 basis points to 75% on Thursday, a day after inflation overshot forecasts to …
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By David Randall NEW YORK (Reuters) – Star stock picker Cathie Wood of Ark Invest cautioned that the Federal Reserve is making a mistake with its widely-expected interest rate hikes …
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(Reuters) – If the Federal Reserve is able to keep the unemployment rate below 5%, it can be aggressive on bringing down inflation but after that tradeoffs will appear, Fed …