(Reuters) – The Federal Reserve needs to move interest rates much higher and soon if high inflation does not begin to subside, Fed Governor Christopher Waller said on Monday. “If…
LONDON – Insurance premiums are doubling or more for some aviation and marine business particularly exposed to the war in Ukraine, increasing costs for airline and shipping firms, industry sources…
By Francesco Canepa and Julie Gordon (Reuters) – In Toronto’s far-flung suburbs, just a few months ago a typical three-bedroom house would have fetched 40 offers on bidding night and…
By Sujata Rao and Saikat Chatterjee LONDON – Worsening economic data may force central banks to blink and take a less aggressive rate-rise stance, money markets are betting, having steadily…
By Vivek Mishra BENGALURU – Rampant rises in Australian house prices will grind almost to a halt this year, and an 8% decline is expected in 2023 as a cost-of-living…
By Shaloo Shrivastava BENGALURU – South Korea’s central bank is likely to hike its benchmark rate at a second consecutive meeting on Thursday to combat inflation running at more than…
BRASILIA -Brazil’s government announced on Monday a new 10% reduction in the tax rate for import goods on a large part of products purchased abroad, aiming to reduce inflationary pressures.…
KOENIGSWINTER, Germany – The European Central Bank can raise its benchmark interest rate out of negative territory without major economic consequences because financing conditions would still remain exceptionally easy, ECB…
FRANKFURT – The European Central Bank can start raising interest rates, perhaps as soon as July, moving them gradually back into positive territory, Italian central bank chief Ignazio Visco told…
By Devayani Sathyan BENGALURU – Bank Indonesia will wait a few more months to raise rates from a record low despite rising inflation and aggressive moves by the U.S. Federal…
By Steven Scheer JERUSALEM -The Bank of Israel will likely raise short-term interest rates by a quarter-point next week to rein in rising inflation, partly caused by low unemployment and…
By Marcela Ayres and Bernardo Caram BRASILIA – Monetary tightening in the United States makes it all the more pressing to speed up the privatization of Brazil’s largest utility, state-run…
By Byron Kaye SYDNEY – The 10-minute home loan – at the tap of a smartphone screen – is emerging as the next frontier in Australian banking as rising interest…
By Davide Barbuscia NEW YORK – U.S. bond sales by investment-grade issuers will likely decline by around 10% this year as borrowers contend with higher rates and market volatility, a…
By Swathi Nair BENGALURU – The European Central Bank is expected to raise the deposit rate for the first time in over a decade in July and bring it out…
By Devayani Sathyan and Prerana Bhat BENGALURU – The Reserve Bank of India will follow its surprise May rate rise with another hike at its meeting next month, according to…
NEW DELHI – India’s economic growth rate is likely to slow if the central bank hikes interest rates, Finance Secretary TV Somanathan told CNBC TV18 on Thursday. India’s central bank…
(Reuters) – Belarusian Prime Minister Roman Golovchenko said on Wednesday he expected interest rates in his country to fall following rate cuts by the Russian central bank, despite accelerating inflation…
BUDAPEST – Hungarian rate-setters voted unanimously to raise the base rate by 100 basis points to 5.4% on April 26, the minutes of the meeting showed on Wednesday. “The Monetary…
WARSAW – Interest rates on deposits held in Polish banks will grow due to competition, mBank CEO Cezary Stypulkowski said on Wednesday, adding he did not expect the government to…
SYDNEY – A measure of Australian consumer sentiment slid for a sixth straight month to a 21-month low in May as surging inflation and rising interest rates weighed on family…
(Reuters) – Federal Reserve Governor Christopher Waller said on Tuesday it is time to “hit it” on raising interest rates to deal with inflation that is too high and a…
PARIS – Higher interest rates make it all the more important for post-pandemic government debt levels to be brought to more sustainable levels, the head of France’s central bank said…
ELTVILLE AM RHEIN, Germany -The European Central Bank should raise interest rates in July to stop high inflation becoming entrenched, German Bundesbank chief Joachim Nagel said on Tuesday, joining an…
BERLIN – The European Central Bank must quickly raise interest rates in line with the United States, given high inflation in the euro zone, the head of Germany’s Ifo institute…