ECB cuts interest rate on government deposits
FRANKFURT (Reuters) – The European Central Bank said on Tuesday it would cut the maximum rate it pays on deposits held by governments to give …
interest
Lula says ‘no explanation’ for Brazil’s current interest rate levels
RIO DE JANEIRO (Reuters) – Brazilian President Luiz Inacio Lula da Silva said on Monday there was “no explanation” for the country’s high interest rates, …
D.C. Police Video Shows Person Of Interest In Stabbing Death of Jasmine “Star” Mack
WASHINGTON, D.C. – The Washington, D.C. Metro Police Department is asking for help identifying a person and vehicle of interest in the stabbing death of …
Fed Hikes Interest Rates To Highest Levels In 15 Years
Fed Hikes Interest Rates To Highest Levels In 15 Years John Hugh DeMastri on February 1, 2023 The Federal Reserve raised its target federal-funds interest …
Arrest made after body found in Bronx basement
NEW YORK, NY – Police in the Bronx responded after a dead body was found in the basement of a building at 130 West 169th …
Twitter makes first interest payment on Musk buyout debt -sources
NEW YORK (Reuters) – Twitter Inc has made its first interest payment on a loan that banks provided to help finance billionaire Elon Musk’s purchase …
EU tests banks’ ability to withstand ‘high-for-long’ interest rates
By Huw Jones LONDON (Reuters) – European Union banking regulators on Tuesday launched a stress test to check how banks could cope with a long …
What Another Fed Interest Rate Hike Means For You
What Another Fed Interest Rate Hike Means For You John Hugh DeMastri on January 30, 2023 The Federal Reserve is likely to further slow its …
ECB’s Nagel, Makhlouf flag interest rate rises beyond March
By Padraic Halpin DUBLIN (Reuters) -European Central Bank policymakers Joachim Nagel and Gabriel Makhlouf said on Wednesday they would not be surprised if interest rate …
Thai central bank hikes key interest rate by 25 bps
BANGKOK (Reuters) – The following is a statement from the Bank of Thailand after it unanimously raised its key interest rate by 25 basis points …
Czech interest rates should rise further, IMF says
PRAGUE (Reuters) – Czech interest rates should rise further “in the short term” to tame inflation and avoid more painful hikes later, the International Monetary …
Kushner Cos denies dropping Veris buyout interest
(Reuters) -Kushner Companies on Thursday denied informing Veris Residential Inc it was not interested in pursuing an acquisition of the multifamily rental property developer. Real …
Fed’s Collins sees U.S. interest rate hike peak “just above” 5%
By Lindsay Dunsmuir (Reuters) – The Federal Reserve will probably need to raise interest rates to “just above” 5% and then hold them there for …
JPMorgan CEO Dimon sees interest rates going beyond 5% – CNBC
(Reuters) – JPMorgan Chase & Co Chief Executive Officer Jamie Dimon expects interest rates to go beyond 5% as inflation remains high, he said in …
U.S. mortgage interest rates fall to lowest levels since September – MBA
(Reuters) – The average interest rate on the most popular U.S. home loan dropped to its lowest level since September as more evidence inflation is …
New Zealand house prices continue to fall as interest rates hurt
WELLINGTON (Reuters) – New Zealand house prices fell in December on the prior month as interest rates rose and more difficulty accessing bank finance contributed …
Citi CEO says Fed could slow interest rate hikes by early summer – CNBC
(Reuters) – Citigroup Inc Chief Executive Officer Jane Fraser said the U.S. Federal Reserve could slow rate hikes in late spring or early summer, in …
Fed’s Harker ready to downshift to 25 basis-point interest rate hikes
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Philadelphia leader Patrick Harker said Thursday that while the central bank needs to …
ECB’s Centeno: we are approaching the end of the interest rate rise process
LISBON (Reuters) – European Central Bank’s governing council member Mario Centeno said on Tuesday the current process of interest rate increases is approaching its end. …
ECB interest rates should peak by summer – Villeroy
PARIS (Reuters) – The European Central Bank interest rates should reach a peak by this summer and hikes should not be “too mechanical”, French ECB …
Kashkari sees Fed’s target interest rate peaking at 5.4%
(Reuters) – The Federal Reserve should continue hiking interest rates at its next few meetings at a minimum until it is sure that inflation has …
Czech interest rates likely to stay on hold until mid-2023 – Reuters poll
By Jason Hovet PRAGUE (Reuters) – The Czech National Bank (CNB) is likely to hold interest rates steady at its final policy meeting of 2022 …
India rupee settlement mechanism draws interest from more nations
By Nikunj Ohri and Shivangi Acharya (Reuters) – India’s rupee trade settlement mechanism, a means of using rupees instead of dollars and other big currencies …
Denmark’s central bank raises key interest rate to 1.75%
COPENHAGEN (Reuters) -Denmark’s central bank raised its key interest rate by 50 basis points to 1.75% on Thursday, following a rate hike earlier in the …
Greek banks to subsidise interest rate rises for vulnerable borrowers
ATHENS (Reuters) – Greek banks will subsidise part of the recent interest rate increases for vulnerable mortgage borrowers, officials said on Wednesday. About 30,000 vulnerable …
Futures jump as CPI data eases jitters over interest rates
(Reuters) – U.S. stock index futures rose sharply on Tuesday after a smaller-than-expected rise in U.S. consumer prices boosted bets that the Federal Reserve would …
Analysis-Whoosh tests Russian IPO interest as foreign investors frozen out
By Alexander Marrow and Olga Popova MOSCOW (Reuters) – Corporate Russia is watching closely this week as electric scooter firm Whoosh braves Russian economic isolation …
Polish interest rates at adequate level, says c.banker Kochalski
WARSAW (Reuters) – The current level of interest rates in Poland is adequate, central banker Cezary Kochalski said on Tuesday. Poland’s Monetary Policy Council (MPC) …
New Zealand house prices fall as interest rates bite -REINZ
WELLINGTON (Reuters) – New Zealand house prices fell in November on the prior month as rising interest rates, access to finance and concerns around the …
UK has no plan to cut interest BoE pays to banks: Treasury official
LONDON (Reuters) – Britain’s finance ministry has no plan for the Bank of England to cut the amount of interest it pays to banks, the …
Telecom Italia sounds out investor interest as govt reviews network options
By Elvira Pollina and Giuseppe Fonte MILAN (Reuters) – Telecom Italia (TIM) is exploring investors’ interest in buying into its assets, sources familiar with the …
Canadian dollar seen higher as analysts eye peak interest rates: Reuters poll
By Fergal Smith TORONTO (Reuters) – Canada’s dollar will rally over the coming year as major commodity consumer China loosens its COVID-19 restrictions and the …
Chile’s central bank maintains interest rate at 11.25%
SANTIAGO (Reuters) – Chile’s central bank maintained its benchmark interest rate at 11.25% on Tuesday, as the bank said the country had reached its peak …
At U.N., U.S., Russia accuse each other of no interest in Ukraine talks
By Michelle Nichols UNITED NATIONS (Reuters) – The United States and Russia accused each other on Tuesday of not being interested in Ukraine peace talks …
Credit Suisse’s investment bank draws interest from Saudi crown prince – WSJ
(Reuters) – Investors including Saudi Arabia’s crown prince and a U.S. private-equity firm run by a former Barclays CEO have shown interest in investing $1 …
FTX’s LedgerX attracts interest from Blockchain.com, Gemini- Bloomberg
(Reuters) – FTX’s digital currency futures and clearinghouse LedgerX is up for sale and has attracted interest from crypto firms including Blockchain.com, Gemini, Bitpanda and …
Fed’s Bowman: interest rates need to be sufficiently restrictive “for some time”
(Reuters) -The Federal Reserve should slow the pace of its rate increases in order to assess the impact of its hiking cycle but inflation remains …
Indian banks’ loan growth to accelerate despite higher interest rates -Fitch
BENGALURU (Reuters) – Loan growth at Indian banks will accelerate to 13% in this fiscal year despite the RBI raising interest rates, as economic activity …
ECB’s Makhlouf sees smaller interest rate hikes in 2023, if needed
DUBLIN (Reuters) – The European Central Bank will likely increase interest rates by smaller increments next year if further hikes are needed, governing council member …
Brazil’s federal public debt rises in October due to interest payments
BRASILIA (Reuters) -Brazil’s federal public debt increased in October after three consecutive months of decline, official data showed on Friday, driven by debt interest payments. …
Pause in Polish interest rate hikes will continue, says c.banker Dabrowski
WARSAW (Reuters) – The current level of Polish interest rates is having a positive impact on the economy and the Monetary Policy Council’s (MPC) pause …
U.S. new vehicle sales to be flat in November amid high interest rate – report
(Reuters) – U.S. new vehicle retail sales are expected to be relatively flat in November as high vehicle prices, coupled with interest rate increase, are …
FTX says receiving interest from buyers for assets
(Reuters) – Cryptocurrency exchange FTX said on Tuesday it was receiving interest from potential buyers for its assets and would conduct process to reorganize or …
Fed’s George: Could take higher interest rates for longer to encourage saving
(Reuters) – The Federal Reserve may need to raise interest rates to a higher level and hold them there for longer in order to successfully …
D.C. Police Release Photo of Person Of Interest In Murder of Female High School Senior
WASHINGTON, D.C. – On Saturday night, a young woman was shot and killed inside of a hotel room in Northeast, D.C. The Washington, D.C. Metro …
Hungary caps interest rates on large commercial bank deposits
BUDAPEST (Reuters) -Commercial banks in Hungary cannot pay an interest rate higher than the three-month discount bill yield on deposits by certain large institutional and …
U.S. mortgage interest rates drop back below 7% – MBA
(Reuters) – The average interest rate on the most popular U.S. home loan saw its largest single-week decline since July, dropping back to just below …
Australia’s central bank to limit forward guidance on interest rates
Australia’s central bank intends to limit its use of forward guidance on policy after its usage during the pandemic drew criticism when rates were raised …
Australia’s CBA Q1 profit jumps on lending growth, rising interest rates
By Sameer Manekar (Reuters) – Commonwealth Bank of Australia, the country’s largest bank, on Tuesday reported better-than-expected cash earnings for the first quarter, helped by …
Kenya won’t borrow at more than 10% interest: President Ruto
NAIROBI (Reuters) -Kenya’s government will no longer borrow any money at interest rates of more than 10%, President William Ruto said on Friday, adding that …