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…
ECB’s Villeroy: upcoming rate hikes will be marginal
PARIS (Reuters) – Upcoming interest rate hikes will be marginal, said European Central Bank (ECB) member and Bank of France governor Francois Villeroy de Galhau, who added that rate hikes were beginning…
Thai central bank hikes rates, but ready to adjust policy
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) -Thailand’s central bank raised its key rate by a quarter point on Wednesday, saying core inflation remained elevated but it is ready to normalise…
Colombia’s central bank could end rate hikes if inflation slows more -board chief
BOGOTA (Reuters) – Colombia’s central bank could call time on its upward monetary cycle after inflation in Latin America’s fourth-largest economy slowed in May, bank board chief Leonardo Villar said on Tuesday.…
Bank of Israel chief cautions of more interest rate hikes if shekel stays weak
By Steven Scheer and Ari Rabinovitch JERUSALEM (Reuters) -Israel’s monetary policy is currently restrictive and at an appropriate level given moderating inflation, but interest rates could rise further should the shekel’s depreciation…
ECB needs several more rate hikes, Bundesbank chief Nagel says
FRANKFURT (Reuters) – The European Central Bank will need to raise interest rates “several” more times and then must hold rates steady for some time before inflation is fully tamed, Bundesbank President…
Brazil’s government hikes estimate for 2023 budget deficit
BRASILIA (Reuters) – Brazil’s finance ministry forecast a primary budget deficit of 136.2 billion reais ($27.22 billion) this year, compared to 107.6 billion reais projected in March, according to its bi-monthly revenue…
Mayor Amato, Berkeley Council oppose toll hikes on Parkway, Turnpike
Berkeley Township, NJ – On Monday night, the Berkeley Township Council unanimously passed a resolution opposing the proposed toll increases on the Garden State Parkway and New Jersey Turnpike. The resolution was…
US Fed’s Logan says ‘smaller, less frequent’ hikes may be safer for stability
AMELIA ISLAND, Florida (Reuters) – Changing interest rates in “smaller, less frequent steps” can make it less likely that U.S. Federal Reserve monetary policy causes financial instability, Dallas Fed President Lorie Logan…
Fed’s Barkin: ‘Comfortable’ with more hikes if needed – Bloomberg TV
(Reuters) – Richmond Federal Reserve President Thomas Barkin on Tuesday he likes the “optionality” implied in the central bank’s latest policy statement, but he is “comfortable” with raising interest rates further if…
Bank of Mexico seen holding interest rate after nearly two years of hikes – Reuters poll
MEXICO CITY (Reuters) – The Bank of Mexico is expected to hold the country’s benchmark interest rate on Thursday, halting a cycle of rate hikes that began in June 2021, a Reuters…
G7 central banks see need to weigh effects of past rate hikes -BOJ’s Ueda
By Leika Kihara NIIGATA, Japan (Reuters) – Many central bank governors from the Group of Seven (G7) rich nations appeared to feel the impact of past interest rate hikes has yet to…
Greece’s Stournaras sees ECB rate hikes ending this year
ATHENS (Reuters) – The ECB’s monetary tightening cycle will end this year if there are no dramatic changes, Greek central bank chief Yannis Stournaras told a news website in an interview published…
ECB’s Schnabel sees more rate hikes until core inflation declines too
FRANKFURT (Reuters) – The European Central Bank will keep raising borrowing costs until it sees core inflation decline sustainably, ECB board member Isabel Schnabel said on Tuesday, adding market expectations for rate…
ECB policymakers promise more hikes to beat inflation
FRANKFURT (Reuters) -The European Central Bank will continue raising interest rates until inflation is under control, two ECB policymakers said on Friday as surveys showed the fight against rising prices was far…
Central banks stick to rate hikes with eye on market turmoil
LONDON (Reuters) – The U.S. Federal Reserve is close to the end of its interest rate hiking cycle, while the European Central Bank on Thursday slowed the pace of its aggressive tightening.…
Euro zone bond yields and euro fall after ECB hikes rates
LONDON (Reuters) – Euro zone government bond yields fell along with the euro on Thursday after the European Central Bank raised interest rates by 25 basis points (bps), as expected. The two-year…
ECB slows rate hikes and keeps options open
FRANKFURT (Reuters) – The European Central Bank eased the pace of its interest rate hikes on Thursday and kept its options open on future moves as it continues its fight against stubbornly…
Fed Hikes Rates To Highest Levels Since Eve Of 2008 Financial Crisis
Fed Hikes Rates To Highest Levels Since Eve Of 2008 Financial Crisis Jason Cohen on May 3, 2023 The Federal Reserve hiked its benchmark federal funds rate by a quarter of a…
Colgate-Palmolive raises annual organic sales forecast on price hikes
(Reuters) – Colgate-Palmolive Co raised its full-year organic sales forecast on Friday, betting on consistent price hikes and steady demand for its pet nutrition products. The company’s shares rose about 2% in…
UK’s Pret hikes price of coffee subscription service, offers food discount
LONDON (Reuters) – British sandwich and coffee chain Pret A Manger has raised the price of its monthly coffee subscription service by 20% to 30 pounds ($37.34) but expanded it to include…
Apple supplier Corning rides on price hikes to beat profit estimates
(Reuters) – Specialty glass maker Corning Inc beat profit estimates for the first quarter on Tuesday as price hikes more than made up for higher raw material costs and a demand slowdown.…
Turkey year-end inflation seen at 46% despite likely post-election rate hikes – Reuters poll
ISTANBUL (Reuters) – Turkish inflation will dip to 46.4% by end-2023, a Reuters poll showed on Monday, while the policy rate is seen rising to 24% next quarter after upcoming elections that…
Investors warn big consumer firms over price hikes as competitors gain
By Richa Naidu and Jessica DiNapoli LONDON/NEW YORK (Reuters) – Consumer goods companies like P&G, Unilever and Nestle should start easing price increases as supply chain costs decline, investors told Reuters, worried…
Swiss National Bank Vice Chairman hints at further rate hikes ahead
WINTERTHUR, Switzerland (Reuters) -Swiss inflation may be low compared to other countries but is still too high, Swiss National Bank Vice Chairman Martin Schlegel said on Wednesday, hinting at possible further interest…
Exclusive-Fed’s Bullard discounts recession talk, favors more rate hikes
By Howard Schneider ST. LOUIS (Reuters) – The U.S. central bank should continue raising interest rates on the back of recent data showing inflation remains persistent while the broader economy seems poised…
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