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…
Malaysia central bank to deliver two more 25-bp rate hikes this year
By Devayani Sathyan (Reuters) – Malaysia’s central bank will deliver a third consecutive 25 basis point interest rate hike on Thursday and a fourth in November to quell growing inflationary pressures but…
Rate hikes unlikely to dent housing demand in India, Bengaluru to lead price rises – Reuters poll
By Arsh Tushar Mogre BENGALURU (Reuters) – The buoyant outlook for India’s housing market has barely changed in the last three months despite the Reserve Bank of India embarking on its most…
Polish c.banker Kochalski sees room for more rate hikes -PAP
WARSAW (Reuters) -There is room for further rate hikes in Poland, but smaller ones than there have been up until now, Polish central banker Cezary Kochalski was quoted as saying on Thursday.…
Fed could ‘dial back’ 75-basis-point hikes if inflation slows, Bostic says
WASHINGTON (Reuters) – The Federal Reserve could have reason to ‘dial back’ from its 75-basis-point interest rate hikes if new data shows inflation “clearly” slowing, Atlanta Fed President Raphael Bostic said in…
ECB’s Knot says he favors large rate hikes -NOS interview
AMSTERDAM (Reuters) -Klaas Knot, a member of the European Central Bank’s governing council, said in an interview with Dutch national broadcaster NOS on Friday that he favours large interest rate hikes to…
After “aggressive” hikes, Brazil cenbank must stay vigilant, says head
BRASILIA (Reuters) – Brazil’s central bank has been “quite aggressive” in raising interest rates, with much of that policy shift still to impact the economy, its head said on Friday, cautioning that…
Mexico cenbank to evaluate magnitude of rate hikes based on prevailing conditions, minutes show
MEXICO CITY (Reuters) – Minutes from Mexico’s central bank Aug. 11 monetary policy meeting published Thursday underscored the possibility of interest rate hikes at future meetings at to-be-determined magnitudes. Banxico, as Mexico’s…
India’s robust growth gives RBI room for more rate hikes – DBS
MUMBAI (Reuters) – India’s strong growth offers room for the Reserve Bank of India to raise rates by another 60 basis points as the central bank seeks to stamp out high inflation,…
Australia’s Treasury Wine posts higher profit on U.S. sales, price hikes
(Reuters) – Treasury Wine Estates Ltd posted a 5.3% rise in annual profit on Thursday, as strong U.S. sales and price hikes more than offset a hit from hefty Chinese tariffs on…
Argentina hikes interest rate again as inflation hits 20-year high
By Walter Bianchi BUENOS AIRES – Argentina’s central bank raised its benchmark interest rate by 950 basis points on Thursday as the country struggles to keep a lid on spiraling inflation that…
Thai banks urged to freeze rates even if cbank hikes policy rate-Finance Minister
BANGKOK – Thailand’s commercial banks should not rush to raise their interest rates even though the central bank will tighten monetary policy, the finance minister said on Wednesday. The Bank of Thailand…
Fed’s Bowman: more 75 basis-point hikes should be on the table
By Lindsay Dunsmuir (Reuters) – The U.S. Federal Reserve should consider more 75 basis-point interest rate hikes at coming meetings in order to bring high inflation back down to the central bank’s…
Toronto home prices fall for fifth month as ‘significant’ rate hikes dent sentiment
TORONTO – Home prices in the Greater Toronto Area (GTA) fell for the fifth straight month in July, as rapidly rising interest rates further doused the city’s once-red-hot housing market, data from…
Philippine central bank to continue supporting economic recovery despite rate hikes
MANILA – The Philippine central bank will continue supporting the economy’s recovery despite a planned 25 or 50 basis point rate hike this month, its governor said on Tuesday. Current policy rates…
Mexican manufacturing tumbles as price hikes bite
MEXICO CITY – Mexico’s manufacturing sector declined in July, with demand for the country’s goods hit by inflation after a long pandemic-driven downturn, a survey showed on Friday, despite hopes for a…
The U.S. economy is shrinking. The Fed’s rate hikes may have only just begun to bite
By Ann Saphir and Lindsay Dunsmuir (Reuters) – The U.S. economy contracted for a second straight quarter, the Commerce Department reported on Thursday, a day after the Federal Reserve raised interest rates…
Bank of Canada rate hikes to sting many home equity borrowers
By Nichola Saminather TORONTO – Canadians whose use of home equity lines of credit (HELOC) has climbed recently following a surge in real estate values during the pandemic could be hit by…
ECB’s Kazaks says big hikes may not be over after July move – Bloomberg
(Reuters) – The European Central Bank (ECB) may not be done with big interest rate hikes after its initial half-point hike last week, Latvian central bank governor Martins Kazaks said in an…
Nepal central bank hikes policy rate, warns of pressure on FX reserves
By Gopal Sharma KATHMANDU -Nepal’s central bank on Friday raised its benchmark policy rate at which it lends to commercial banks to 8.5% from 7%, as part of efforts to tame inflation…
Publicis hikes full-year guidance on ‘all-time high’ semester
(Reuters) – Publicis, the world’s third-biggest advertising group, raised its full-year guidance after beating first-half organic revenue growth and core profit margin expectations on Thursday. The French group now forecasts organic growth…
New Zealand’s inflation hits 3-decade high, raising bets on sharper rate hikes
By Lucy Craymer WELLINGTON -New Zealand’s consumer prices rose at their fastest pace in three decades, beating forecasts and raising the prospect of an unprecedented 75 basis point interest rate hike at…
Bank of Canada rate hikes and policy moves
OTTAWA – The Bank of Canada hiked its policy rate to 2.5% on Wednesday from 1.5%, a surprise 100-basis-point move and its largest increase since August 1998. Here is a timeline of…
Bank of Canada again hikes inflation forecast, eyes slower growth but no recession
OTTAWA, July 13 (Reuters)- The Bank of Canada on Wednesday dramatically upped its near-term inflation forecasts and said there was an increased risk of higher price gains becoming entrenched, as it slashed…
Fed’s Williams: After fast rate hikes this year, uncertainty over what’s next
MAYAGUEZ, Puerto Rico – The Federal Funds rate will need to rise as high as 3.5% by the end of the year but what follows after that is far less certain, New…
Peru again hikes key interest rate in bid to tame inflation
LIMA – Peru’s central bank boosted borrowing costs on Thursday with a 12th consecutive hike of its key interest rate to reach 6.0%, as the bank struggles to tamp down stubbornly high…
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