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…
Bearish bets on Asian FX ease as central banks tilt towards rate hikes – Reuters poll
By Sameer Manekar (Reuters) – Bearish bets on most Asian currencies eased as regional central banks sought to normalise policy due to surging inflation, while investors turned bullish on Singapore dollar for…
Fed’s Evans sees 7 rate hikes this year, but says that could change
By Ann Saphir (Reuters) – Chicago Federal Reserve President Charles Evans on Friday repeated his view that the U.S. central bank will likely need to make seven quarter-of-a-percentage-point interest rate hikes this…
Investors expect Bank of Canada shift to half-percentage-point rate hikes
By Fergal Smith TORONTO – As Canada’s inflation outlook worsens, investors are betting the country’s central bank will begin hiking its key interest rate in half-percentage-point increments, with the first of the…
Irn-Bru maker won’t rule out more price hikes as inflation bites
By Sinchita Mitra (Reuters) – The maker of Scottish soft drink Irn-Bru will keep prices unchanged for the next six months but won’t rule out future price hikes given Britain’s high inflation,…
Bank of Mexico governor says pace of hikes may change as needed
By Anthony Esposito ACAPULCO, Mexico – The Bank of Mexico does not need to strictly track the U.S. Federal Reserve’s expected interest rates hike path and can tighten monetary policy at its…
BoFA, Citi expect multiple 50-bps Fed hikes this year as inflation bites
LONDON/NEW YORK – Bank of America (BofA) and Citi have joined a small but growing number of top investment banks calling for more aggressive interest rate increases from the U.S. Federal Reserve…
Fed’s Mester calls for frontloading rate hikes, sees rise to 2.5% in 2022
By Ann Saphir – Cleveland Federal Reserve Bank President Loretta Mester on Tuesday said she would like to raise interest rates to about 2.5% by year end, with bigger rate hikes in…
Hungary ramps up rate hikes as war stokes inflation risks
By Gergely Szakacs and Krisztina Than BUDAPEST – The National Bank of Hungary raised its base rate by 100 basis points to 4.4% on Tuesday, the biggest hike in the rate since…
Fed open to speedier interest rates hikes if high inflation persists – Powell
– Federal Reserve policymakers will consider speeding up the pace of interest rate hikes this year should high inflation not begin to abate, Federal Reserve Chair Jerome Powell said on Monday. “The…
Czech central banker favours rate hikes to wider FX sales to stem inflation
By Jan Lopatka PRAGUE – The Czech central bank is likely to raise interest rates again on March 31 and may discuss more use of foreign exchange interventions, board member Tomas Holub…
Indonesia hikes palm oil export levy to maximum $375 per tonne
By Bernadette Christina JAKARTA – Indonesia has significantly raised its maximum palm oil export levy, a new government regulation showed on Friday, part of efforts to control domestic cooking oil prices after…
Canadian inflation seen peaking at or above 6%; more rate hikes in the cards
By Julie Gordon and Fergal Smith OTTAWA – A commodities rally sparked by Russia’s invasion of Ukraine will push Canadian inflation higher for longer, with the headline rate now seen peaking at…
Sugar rush: Russia probes price hikes and ‘unjustified’ shortages
– Russia’s Federal Anti-Monopoly Service (FAS) said on Thursday it was conducting “anti-cartel” inspections at major sugar producers following a sharp increase in sugar prices and “unjustified” shortages in some regions as…
British pound drops after BoE hikes rates by 0.25%
LONDON – The British pound reversed its earlier gains and fell on Thursday, as investors interpreted a Bank of England 8-1 vote in favour of raising interest rates by 0.25% to be…
How the Fed’s rate hikes could affect U.S. consumers
By Jonnelle Marte – The Federal Reserve raised short-term interest rates on Wednesday by a quarter of a percentage point and signaled that it plans to lift them further in the coming…
Federal Reserve Hikes Interest Rates For First Time In Three Years
Federal Reserve Hikes Interest Rates For First Time In Three Years Harry Wilmerding on March 16, 2022 The Federal Reserve announced Wednesday it would increase interest rates in a series of hikes…
With tax collector at his side, Toms River Mayor Mo Hill visits seniors to discuss devastating property tax hikes
TOMS RIVER, NJ – After a recent reassessment of home values in Toms River sent property taxes for many senior citizens soaring as much as 100%, Mayor Mo Hill continued his tour…
Debt deadline and central bank hikes loom in Russia
By Marc Jones LONDON – The cost of Russia’s invasion of Ukraine will become a lot clearer next week, with a previously unthinkable sovereign default looming, more emergency central bank measures likely…
Japanese airline ANA plans belt-tightening before fare hikes – incoming CEO
By Satoshi Sugiyama and Maki Shiraki TOKYO -Japanese airline operator ANA Holdings Inc will only raise airfares as a last resort to cover European route changes, its incoming chief executive said on…
World Bank official says war-driven oil price hikes to slash growth for big importers
WASHINGTON – Persistent high oil prices prompted by Russia’s invasion of Ukraine could cut a full percentage point off the growth off large oil-importing developing economies like China, Indonesia, South Africa and…
Sri Lanka central bank hikes rates to tame inflation; urges govt to act
By Uditha Jayasinghe and Swati Bhat COLOMBO – Sri Lanka’s central bank sharply raised interest rates on Friday to staunch growing inflationary pressures and urged the government to consider measures including curbing…
Citigroup hikes U.S. equities to ‘overweight’, sees demand for growth stocks
– Citigroup upgraded U.S. equities to “overweight” rating on Thursday on analysts’ expectations of a revival in appetite for growth stocks due to a sharp drop in bond yields following the Ukraine-Russia…
Fed’s Barkin: Ukraine events not likely to change case for U.S. rate hikes
WASHINGTON – The Russian invasion of Ukraine probably won’t change the “underyling logic” behind the Federal Reserve’s plans to raise interest rates, but the impact on global markets and commodity prices in…
Kazakhstan central bank hikes policy rate amid Ukraine crisis
ALMATY – Kazakhstan’s central bank hiked its policy rate to 13.5% from 10.25% on Thursday as the central Asian nation’s tenge currency sank alongside the Russian rouble after Moscow launched attacks on…
Bank of Korea to pause rate hikes on Feb 24, resume in Q2: Reuters poll
By Devayani Sathyan and Tushar Goenka BENGALURU – The Bank of Korea will leave rates on hold on Thursday after back-to-back hikes at the previous two meetings, according to economists in a…
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