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…
RBNZ ‘on a roll’, to deliver two more 50 bps rate hikes in a row: Reuters poll
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 aggressive policy…
Fed needs to be aggressive on rate hikes, risk economic harm – Waller
(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 on Thursday.…
Speed up rate hikes to stop sticky inflation, BoE’s Mann says
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 Mann said…
Analysis-‘Oil to the fire’: Poles face more rate hikes as government keeps cash flowing
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 to support…
Romanian government plans tax hikes to boost budget
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 lei ($2.82…
Philippine inflation near 4-year high, cements prospect of more rate hikes
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 increasing the…
Another inflation record firms case for bigger ECB rate hikes
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 Central Bank…
Incoming Philippine central bank governor not ruling out more rate hikes
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 future policy…
Banking body BIS urges decisive wave of global rate hikes to stem inflation
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 the surge…
Euro zone business growth slumped in June as price hikes bite
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 and defer…
Bank of Korea raises inflation forecasts, will review ‘big step’ hikes
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 debt repayment…
GM hikes Hummer EV price by over $6,000 as commodity, shipping costs rise
(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 demand for…
Fed’s Kashkari: ‘prudent’ to use 50 bps hikes after July
(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 one in…
ECB’s Knot says several 50 bps rate hikes possible if inflation worsens
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 rise and…
Analysis-Bank of England keeping its options open for future rate hikes
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 rates in…
Analysis-Investors say Asia a safe place as Fed hikes but premature to jump in
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, but with…
Thailand to go slow with rate hikes as pandemic drag lingers
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 for mounting…
Philippine banana growers plead for Japanese consumers to bear price hikes
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 costs. Prices…
Fed hikes won’t sway dollar unless pace much faster than forecast-BOJ’s Kuroda
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 to a…
Liquidity withdrawal expected as India cenbank hikes rates on Wednesday
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 need for…
Fed’s Mester: more rate hikes ahead in ‘painful’ battle with inflation
(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 the pace…
Canadian dollar to strengthen as BoC moves ‘aggressively’ on rate hikes – Reuters poll
By Fergal Smith TORONTO – The Canadian dollar will gain ground over the coming year as high commodity prices bolster Canada’s economic outlook and the Bank of Canada likely continues to raise…
Bank of Canada hikes rates to 1.5%, says will act ‘more forcefully’ if needed
OTTAWA, June 1 (Reuters)- The Bank of Canada on Wednesday raised its policy interest rate to 1.5% from 1.0%, its second consecutive 50-basis-point hike, and said it was prepared to act “more…
JPM says Japanese automakers to see record profits on price hikes, cost cuts
(Reuters) – Japanese auto companies are likely to post record profits this year as they raise vehicle prices and cut costs to mitigate the hit from soaring inflation, J.P. Morgan analysts said…
Incoming Philippine Finance Minister does not favour tax hikes to tackle debt
MANILA – Philippine central bank governor Benjamin Diokno, who takes on a new role as finance secretary next month, said on Friday he does not favour raising taxes even as the incoming…
Breaking News
