Peru’s annual inflation rate hits 24-year high in April
By Marco Aquino LIMA – Peru’s annual inflation rate hit 7.96% in April, its highest level in 24 years, as the copper-producing Andean nation grapples …
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ECB’s Lane say first rate hike is no big deal, cautious on further moves
FRANKFURT -The European Central Bank’s first rate hike in over a decade is no big issue for the ECB and the question is rather how …
Australia’s central bank enters political minefield as rate hike nears
By Wayne Cole SYDNEY – Australia’s central bank is in a bind as it contemplates its first interest rate increase in more than a decade, …
ECB has room for 2-3 rate hikes this year, says Kazaks
FRANKFURT – The European Central Bank should raise interest rates soon and has room for up to three hikes this year, ECB policymaker Martins Kazaks …
Japan jobless rate hits lowest in almost 2 years, economic outlook still shaky
By Kantaro Komiya TOKYO -Japan’s jobless rate unexpectedly fell to 2.6% in March, hitting the lowest rate since April 2020, although the number of furloughed …
Bank of Canada to consider another half-percentage-point rate hike, Macklem says
By Julie Gordon and Steve Scherer OTTAWA -The Bank of Canada will likely consider another half-percentage-point rate increase in its next policy decision, as “too-high” …
Black Knight: Mortgage Delinquencies Hit Record Low in March, Driven by Both Seasonal and Broader Economic Improvements; Prepays Up Despite Rate Increases
The national delinquency rate dropped by more than half a percentage point in March, falling to 2.84% and shattering the previous record low of 3.22% …
Fed’s Mester wants ‘methodical’ rate hikes, not giant ones
(Reuters) – Cleveland Federal Reserve Bank President Loretta Mester on Friday pushed back against market expectations that the Fed will use outsized hikes to help …
ECB’s Lagarde sees strong chance of a rate hike this year
WASHINGTON -The European Central Bank is likely to end its bond purchase scheme in early third quarter and raise rates before the end of the …
Fed’s Evans repeats view he sees interest rates at neutral rate by year end
(Reuters) – The U.S. Federal Reserve should proceed sensibly in raising interest rates as it waits to see if special factors pushing up inflation begin …
Raising Fed’s policy rate to 2.5% by end of 2022 is ‘prudent,’ Daly says
(Reuters) – San Francisco Federal Reserve President Mary Daly on Wednesday said she supports getting the U.S. central bank’s benchmark overnight interest rate up to …
Unvaccinated children hospitalized at twice the rate during Omicron surge -U.S. study
By Amruta Khandekar (Reuters) – Hospitalization rates for unvaccinated children ages 5 to 11 were twice as high as among those who were vaccinated during …
Analysts see less room for China rate cuts after ‘conservative’ RRR cut
SHANGHAI – The smallness of a cut to the amount of money Chinese banks must hold in reserves may reflect concern by the Chinese central …
Russian cenbank says wants rouble rate to be determined by market
(Reuters) – The Russian central bank has imposed foreign exchange controls to support liquidity but aims to preserve market pricing principles and a rouble exchange …
China keeps medium-term policy rate unchanged, but markets expect more easing
SHANGHAI -China’s central bank kept borrowing costs of its medium-term policy loan unchanged for the third straight month as expected on Friday, despite Beijing calling …
Russian central bank sees room for rate cut -policymaker to Interfax
(Reuters) – Russia’s central bank sees room for an interest rate cut as weekly inflation is slowing, Deputy Governor Alexei Zabotkin said on Thursday, Interfax …
China seen holding medium-term rate steady Friday, RRR cut seen more likely- Reuters poll
SHANGHAI/BEIJING – China’s central bank is set to step up monetary easing efforts, but a vast majority of market participants in a Reuters poll conducted …
South Korea steps up inflation fight with surprise rate hike
By Cynthia Kim and Joori Roh SEOUL – South Korea’s central bank raised its benchmark rate to the highest since August 2019 on Thursday in …
Taiwan central bank says rate rises will depend on inflation, will be ‘cautious’
By Liang-sa Loh TAIPEI -Taiwan central bank governor Yang Chin-long said on Wednesday inflation would slow by the third quarter and any rate rise decisions …
Australia consumer mood undermined by rate risk, inflation
SYDNEY – A measure of Australian consumer sentiment slipped for a fifth straight month in April as rising inflation and the risk of higher interest …
Argentina central bank to analyze rate hike on Wednesday -source
By Jorge Otaola BUENOS AIRES – Argentina’s central bank directors will meet on Wednesday to discuss a possible interest rate hike, a source with the …
China Stockpiling Nuclear Weapons At An Alarming Rate: REPORT
China Stockpiling Nuclear Weapons At An Alarming Rate: REPORT Philip Lenczycki on April 9, 2022 China is racing to stockpile nuclear weapons capable of striking …
Peru hikes interest rate to 13-year high as inflation sparks protests
LIMA – Peru’s central bank raised the country’s benchmark interest rate 50 basis points to 4.5% on Thursday, the highest since 2009, as authorities battle …
Pakistan central bank hikes policy rate by 250bps to 12.25% in emergency meeting
By Gibran Naiyyar Peshimam and Asif Shahzad ISLAMABAD -Pakistan’s central bank raised its policy rate by 250 basis points to 12.25% in an emergency meeting …
Russian authorities aim at making rouble rate more predictable – Ifax
(Reuters) – The Russian finance ministry together with the central bank are working on measures to make the rouble exchange rate more predictable and less …
Canadian dollar seen higher if BoC front-loads rate hikes- Reuters poll
By Fergal Smith TORONTO – REUTERS POLL-CANADIAN DOLLAR TO STRENGTHEN SLIGHTLY TO 1.25/USD IN THREE MONTHS, MATCHING MARCH’S FORECAST REUTERS POLL-CANADIAN DOLLAR SEEN UP 2% …
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 …
Barkin: Fed has time to reach a more neutral rate given ongoing pandemic effects
(Reuters) – The Federal Reserve “has some time” to raise rates towards a more neutral level, Richmond Fed President Thomas Barkin said Wednesday, a counter …
Australian banks gravitate to June for rate rise, ultimate peak unclear
By Wayne Cole SYDNEY – Most of Australia’s major banks now expect a rise in interest rates as early as June, though opinions on the …
Reserve Bank of India to wait at least until August to raise repo rate – Reuters poll
By Prerana Bhat and Tushar Goenka BENGALURU – The Reserve Bank of India will delay its first interest rate rise by at least four months …
U.S. poor died at much higher rate from COVID than rich – report
WASHINGTON – Americans living in poorer counties died during the pandemic at almost twice the rate of those in rich counties, a study released Monday …
Williams: Must watch how economy responds as it presses toward neutral rate
WASHINGTON – The Federal Reserve will need to keep a careful eye on how the economy reacts as it raises interest rates, and scale the …
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 …
Colombia central bank raises rate to 5%, less than expected
By Nelson Bocanegra and Julia Symmes Cobb BOGOTA – Colombia’s central bank board raised the benchmark interest rate by 100 basis points to 5% on …
Brazil’s jobless rate hits six-year low for quarter through February
BRASILIA – Brazil’s jobless rate stood at 11.2% in the three months through February, statistics agency IBGE said on Thursday, the lowest level for the …
Fed’s George puts neutral rate of around 2.5% “as a starting point”
WASHINGTON – Kansas City Fed president Esther George said she estimates a neutral rate of interest for the U.S. at about 2.5% “as a starting …
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 …
ECB’s Holzmann wants key rate at zero by year end – BZ
FRANKFURT – The European Central Bank should raise its key interest rate to zero by year-end or it will risk having to raise it even …
Israeli study: 2nd vaccine booster significantly lowers COVID death rate
JERUSALEM – Senior citizens who received a second booster of the Pfizer–BioNTech COVID-19 vaccination had a 78% lower mortality rate from the disease than those …
Analysis-U.S. credit ‘relief’ rally could be short-lived as Fed rate risk looms
By Davide Barbuscia NEW YORK – U.S. credit markets saw some respite after the Federal Reserve hiked interest rates last week, but the relief is …
Exclusive-EU nations to exchange refugees’ hryvnias at Ukraine cenbank rate- draft document
BRUSSELS – European Union countries are likely to agree to allow millions of Ukrainian refugees to exchange their currency, the hryvnia, into currencies used in …
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 …
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, …
U.S. rate futures raise odds for hefty rate hike in May after Powell comments
NEW YORK – Federal funds rate futures on Monday raised the chances of a half percentage-point tightening by the Federal Reserve at the next policy …
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 …
ECB should keep 2022 rate hike on agenda, if inflation warrants it -Nagel
FRANKFURT – The European Central Bank should continue to normalize policy and raise interest rates, possibly as soon as this year, if the inflation outlook …
ECB’s Holzmann argues again for rate rise – paper
ZURICH – European Central Bank (ECB) policymaker Robert Holzmann told an Austrian newspaper that the bank could send a clear message about fighting inflation by …
Fed’s rate path balances inflation fight and pandemic unknowns, Barkin says
By Howard Schneider BALTIMORE – The rate increases projected by Federal Reserve officials this week represented a “balancing act” between the need to begin normalizing …
In New York City, women and young girls are being grabbed, groped and assaulted at a higher rate
NEW YORK, NY – There’s a new growing problem in New York City. While random attacks on Asians and subway slashings and assaults also continue …
Fed’s Waller says series of half point rate increases may be needed at coming meetings – CNBC
WASHINGTON – Federal Reserve Governor Chris Waller said economic risks around the war in Ukraine led him to vote in favor of a quarter percentage …