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 …
Topic:
hikes
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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 …
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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 …
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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 …
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By Devayani Sathyan BENGALURU – The Reserve Bank of New Zealand will deliver a third successive half-point interest rate hike on Wednesday and a fourth next month in its most …
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(Reuters) – The U.S Federal Reserve needs to maintain focus on bringing down high inflation even if it runs the risk of causing economic harm, Fed Governor Christopher Waller said …
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By David Milliken LONDON -Central banks should move quickly when raising interest rates, because of the risk that persistent inflationary trends may be taking hold, Bank of England policymaker Catherine …
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By Alan Charlish and Pawel Florkiewicz WARSAW – Hopes that the Polish central bank’s monetary policy tightening cycle may be nearing its end could be shattered by government policies aiming …
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BUCHAREST – Romania’s coalition government plans a series of tax rises from next year, including increasing dividend and property taxes, which are expected to boost budget revenue by 13.4 billion …
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By Enrico Dela Cruz and Karen Lema MANILA – Philippine inflation surged to the highest level in nearly four years in June, cementing expectations for more interest rate hikes and …
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FRANKFURT – Euro zone inflation hit yet another record high in June as price pressures broadened, and its peak could still be months away, firming the case for rapid European …
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MANILA – Incoming Philippine central bank governor Felipe Medalla said on Wednesday he was not ruling out further interest rate hikes to combat above-target inflation even as he stressed that …
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By Marc Jones LONDON – The world’s central bank umbrella body, the Bank for International Settlements (BIS), has called for interest rates to be raised “quickly and decisively” to prevent …
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LONDON – Euro zone business growth has slowed significantly this month – and by much more than expected – as consumers concerned about soaring bills opted to stay at home …
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By Cynthia Kim and Jihoon Lee SEOUL – South Korea’s central bank on Tuesday said it expects inflation will be higher than earlier projected and that it would closely assess …
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(Reuters) – General Motors Co on Friday raised the price of its Hummer EV pickup truck by $6,250 as it seeks to mitigate higher commodity and shipping costs amid high …
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(Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari on Friday said he supported the U.S. central bank’s 0.75 percentage point interest-rate hike this week and could support another similar-sized …
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BRUSSELS -European Central Bank policymaker Klaas Knot told Dutch radio broadcaster BNR on Friday the ECB may need to make several 50 basis point rate hikes if inflation continues to …
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By William Schomberg LONDON – The Bank of England has kept investors guessing about whether it is part of the pack of central banks signalling further big increases in interest …
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By Rae Wee and Alun John SINGAPORE/HONG KONG – Asia’s emerging economies are better placed than most other regions to weather a bout of turbo-charged U.S. policy tightening, analysts say, …
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By Orathai Sriring and Satawasin Sta[censored]charnchai BANGKOK – A shift by Thailand’s central bank to a more hawkish footing this week stunned markets and appeared to finally end policymakers’ tolerance …
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TOKYO – The Philippines on Wednesday appealed directly to consumers in its top export market Japan to pay higher prices for imported bananas to help shoulder a surge in production …
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TOKYO – Bank of Japan Governor Haruhiko Kuroda said dollar moves may not be affected much by U.S. interest rate hikes unless the pace is much faster than expected, according …
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By Swati Bhat MUMBAI – Measures to tighten liquidity are expected to accompany a rise in Indian interest rates on Wednesday, adding upward pressure to bond yields and increasing the …
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(Reuters) – The Federal Reserve needs to raise rates by a half-of-a-percentage point at each of its next two meetings, and then assess if inflation has moderated enough to slow …