OTTAWA – Canadian Finance Minister Chrystia Freeland expressed confidence on Thursday in the Bank of Canada’s ability to rein in surging inflation and keep price gains from becoming entrenched, but…
By Jesús Aguado MADRID – Spanish homeowners, fearing a return to the turmoil that nearly bankrupted their country a decade ago, are rushing to shield themselves from rising prices and…
By Jeslyn Lerh SINGAPORE – Global port congestion is set to continue until at least early 2023 and keep spot freight rates elevated, logistics executives said on Wednesday, urging charterers…
By Yousef Saba DUBAI – Most Gulf central banks followed the U.S. Federal Reserve on Wednesday, lifting their key interest rates by three-quarters of a percentage point, while Saudi Arabia…
(Reuters) – Federal Reserve officials on Wednesday ratcheted up their forecasts for where their target interest rate will be at the end of this year and next, and signaled they…
SYDNEY – A measure of Australian consumer sentiment slid for a seventh straight month to match pandemic lows in June amid an outsized rise in interest rates and surging inflation.…
OTTAWA – Canadian Prime Minister Justin Trudeau on Tuesday said his government was watching rising interest rates “with concern,” when asked about the impact higher borrowing costs are having on…
By Yoruk Bahceli (Reuters) -Euro area interbank borrowing rates saw their biggest daily jumps in over 10 years on Tuesday, reflecting huge increases in market expectations for European Central Bank…
By Indradip Ghosh and John Revill BENGALURU/ZURICH – The Swiss National Bank will keep its negative policy interest rate unchanged on Thursday and will not raise it to zero until…
(Reuters) – The European Central Bank needs to speed up the pace of interest rate tightening to 50 basis points in September after an initial hike of 25 basis points…
(Reuters) – The Bank of England will raise interest rates in June by a modest 25 basis points and stick to those increments in coming meetings despite inflation running close…
BERLIN – German Economy Minister Robert Habeck on Monday welcomed the European Central Bank’s indication last week that it would deliver next month its first interest rate hike since 2011.…
(Reuters) -Russian Central Bank Governor Elvira Nabiullina gave a news conference after the central bank cut its key interest rate to 9.5% on Friday. Nabiullina spoke in Russian. The quotes…
By William Schomberg LONDON – The Bank of England looks set to raise interest rates next week for the fifth time since December, its steepest run of rate hikes in…
By Elizabeth Howcroft LONDON – Reduced consumer spending, rising interest rates and trickier credit conditions spell trouble for Buy Now Pay Later lenders, raising the prospect of consolidation in the…
LONDON – Citibank says it expects the Swiss National Bank to hike its key rate by 25 basis points when it meets next week. Swiss inflation rose in May by…
By David Ljunggren OTTAWA – Some Canadians who took out mortgages in 2020-21 could see their monthly payments jump by as much as 45% in 2025-26, given rising rates, according…
(Reuters) – Australia’s major lenders raised their home loan variable interest rates on Wednesday by 50 basis points per annum, a day after the central bank surprised markets with its…
By Mike Dolan LONDON – If indeed there is an economic hurricane coming, then someone should shake the junk bond market. JPMorgan boss Jamie Dimon publicly fretted last week that…
By Swati Bhat MUMBAI – Measures to tighten liquidity are expected to accompany a rise in Indian interest rates on Wednesday, adding upward pressure to bond yields and increasing the…
By Devayani Sathyan BENGALURU – Australia’s central bank will raise rates by a modest 25 basis points for a second straight meeting in June, still opting to move more slowly…
(Reuters) – The Federal Reserve should get interest rates up to a level that no longer stimulates the economy as quickly as possible including 50-basis-point hikes at the central bank’s…
OTTAWA, June 1 (Reuters)- The Bank of Canada on Wednesday raised its policy interest rate to 1.5% from 1.0%, its second consecutive 50-basis-point hike, and said it was prepared to…
By Shrutee Sarkar BENGALURU – Canadian house price inflation will slow to 10% this year as the Bank of Canada raises interest rates aggressively, a Reuters poll of property market…
By Indradip Ghosh and Prerana Bhat BENGALURU – Burning U.S. house price inflation will cool to 10%, half its current rate this year, and slow further over the next two…