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 needs more rate hikes and faster balance sheet cuts, Wunsch says
By Balazs Koranyi WASHINGTON (Reuters) – The European Central Bank should speed up the reduction of its balance sheet and could stop reinvesting cash from debt maturing in its largest bond buying…
ECB has some hikes left but most of its work is done: Villeroy
WASHINGTON (Reuters) – The European Central Bank still has a “little way to go” with rate hikes but most of its work is done and now the duration of higher rates is…
Philippine central bank signals pause in rate hikes in May
MANILA (Reuters) – The Philippines’ central bank could pause its interest rate- hiking cycle at its meeting next month due to easing inflation, its governor said on Wednesday. “We are probably pausing…
Japan labour confederation Rengo seeks wage hikes beyond 2023
By Tetsushi Kajimoto TOKYO (Reuters) – The head of Japan’s largest trade union confederation on Tuesday called for further wage rises beyond next year, arguing that this year’s wage hikes were inadequate…
Corona beer maker Constellation sees 2024 profit above estimates on price hikes
(Reuters) – Constellation Brands Inc forecast full-year profit above Wall Street estimates on Thursday, benefiting from price increases aimed at combating elevated costs and strong demand for its high-end beer brands. Like…
UniCredit CEO expects ECB to take ‘balanced approach’ on rate hikes
MILAN (Reuters) – The head of Italy’s UniCredit expects the European Central Bank (ECB) to take a ‘balanced approach’ on interest rate hikes, acting on the basis of economic data as they…
ECB’s Makhlouf says impact of rate hikes ‘well underway’
DUBLIN (Reuters) – The impact of the European Central Bank’s interest rate hikes on financial conditions is “well underway” and rate-setters must be alert to longer lag effects when considering future action,…
Missed rate hikes to stick Japanese utilities with revenue shortfall
By Katya Golubkova and Yuka Obayashi TOKYO (Reuters) – Several Japanese power utilities will miss out on rate hikes they asked to start on April 1 after the government delayed the approval…
Swedish central bank chief says more rate hikes likely due to stubborn inflation
STOCKHOLM (Reuters) – The Swedish central bank might have underestimated inflationary pressure and will likely have to stick to its forecasts of another interest rate hike in April, Riksbank Governor Erik Thedeen…
Central banks stick to rate hikes with eye on market turmoil
LONDON (Reuters) – Global central banks must juggle the need to control inflation through higher interest rates and to calm markets unnerved by banking sector turmoil that has revived memories of the…
ECB’s Holzmann waters down call for three more rate hikes
VIENNA (Reuters) – European Central Bank (ECB) policymaker Robert Holzmann on Monday watered down his recent call for three further interest-rate increases of 50 basis points in quick succession. Holzmann, who heads…
S.Africa to call it a wrap on current hikes with last 25 bps on March 30- Reuters poll
By Vuyani Ndaba JOHANNESBURG (Reuters) – South Africa’s Reserve Bank will raise interest rates for the last time in this cycle by 25 basis points on March 30, in anticipation of slower…
ECB hawks press case for more rate hikes to fight dogged inflation
By Sabine Siebold and Paul Carrel (Reuters) – The European Central Bank (ECB) will likely need to raise interest rates further to tame persistent inflation, two leading hawks on the bank’s policymaking…
ECB’s Holzmann expects more rate hikes to fight dogged inflation
(Reuters) – Inflation in the euro zone is proving tougher to crack than expected and the European Central Bank will likely need to raise interest rates further, possibly above 4%, Austrian central…
China’s central bank warns SVB failure shows impact of rapid global rate hikes- state media
(Reuters) – A senior official at the People’s Bank of China said on Saturday the collapse of Silicon Valley Bank (SVB) showed how rapid monetary policy shifts were having spillover effects, state-owned…
Two ECB hawks call for more rate hikes despite banking turmoil
By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -The European Central Bank needs to keep raising interest rates because underlying price growth is sticky, two policymakers seen as hawkish said on Friday,…
OECD hikes growth outlook, but warns recovery fragile
By Leigh Thomas PARIS (Reuters) – The global economic outlook has improved from a few months ago as the inflation shock eases but rising interest rates will keep risks high, the OECD…
Analysis-Investors stick to bets on early end to ECB hikes as uncertainty grows
By Yoruk Bahceli and Naomi Rovnick AMSTERDAM (Reuters) – Investors held tight to bets that banking jitters would rein in the ECB’s ability to jack up borrowing costs in the months ahead,…
Argentina hikes interest rate 300 basis points after inflation breaks 100% barrier
By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s central bank board said it agreed to hike the country’s benchmark interest rate by 300 basis points to 78% on Thursday after annual inflation…
Inflation, Still Sky-High, Slightly Cools As Fed Weighs More Rate Hikes
Inflation, Still Sky-High, Slightly Cools As Fed Weighs More Rate Hikes John Hugh DeMastri on March 14, 2023 Prices grew 0.4% on a monthly basis in February, falling slightly from January, the…
Domestic data, not SVB collapse, in focus for rate hikes in Australia – top bank analysts
By Sameer Manekar and Mehr Bedi (Reuters) – Australia’s economic health will be its central bank’s compass for plotting the course of rate hikes, as stringent regulation insulates its banking sector from…
Marketmind: Markets now banking on no more Fed hikes
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. After the crash, bang, and wallop of two U.S. banks collapsing and regulators steaming in…
Instant View: Powell talks tough again, but says no call made on stepping up hikes
NEW YORK (Reuters) – Federal Reserve Chair Jerome Powell on Wednesday reaffirmed his message of higher and potentially faster interest rate hikes, but emphasized that debate was still underway and a decision…
Swiss National Bank does not rule out more interest rate hikes
ZURICH (Reuters) – The Swiss National Bank cannot rule out that it will have to raise interest rates again to bring inflation under control, Chairman Thomas Jordan said on Tuesday. “We cannot…
Hawkish Powell puts 50 bp Fed rate hikes back on table
NEW YORK (Reuters) – The Federal Reserve will likely need to raise interest rates more than expected in response to recent strong data and is prepared to move in larger steps if…
Breaking News
