ECB to hike again but “very close” to neutral rates – Herodotou
By Marc Jones LONDON (Reuters) – European Central Bank interest rates will go up again but are now “very near” their neutral level, ECB policymaker …
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Bank of Israel voted 6-0 to raise rates 1/2-point of Nov 21 -minutes
JERUSALEM (Reuters) – All six rate setters at the Bank of Israel supported raising the benchmark interest rate by 0.5 point to 3.25% at their …
Will the Fed ‘raise and hold’ rates? Traders bet they will not
By Ann Saphir (Reuters) – Federal Reserve policymakers have all but promised to dial down the pace of their interest rate hikes next week, and …
ECB’s Makhlouf says he can see scenarios where rates go beyond 3%
DUBLIN (Reuters) – European Central Bank policyamker Gabriel Makhlouf said he could see scenarios where the ECB pushes interest rates beyond 3% and that he …
BoE’s Dhingra warns of deeper and longer recession with higher rates
LONDON (Reuters) -Bank of England rate-setter Swati Dhingra said in an interview published on Saturday that higher interest rates could lead to a deeper and …
Brazil’s central bank to keep rates steady, stress fiscal concerns: Reuters poll
By Gabriel Burin BUENOS AIRES (Reuters) – Brazil’s central bank is set to keep its benchmark interest rate at a cycle-high of 13.75% next week, …
RBA to raise rates another modest 25 basis points in December – Reuters poll
By Shaloo Shrivastava and Anant Chandak BENGALURU (Reuters) – The Reserve Bank of Australia will go for another modest 25 basis-point interest rate hike on …
ECB’s Lane says real rates have already risen ‘quite a bit’
FRANKFURT (Reuters) – Real interest rates in the euro zone have already risen “quite a bit”, the European Central Bank’s chief economist said on Thursday, …
S&P warns of possible trebling of U.S., European default rates
LONDON (Reuters) – Credit rating firm S&P Global has warned that speculative-grade U.S. and European corporate default rates are likely to double and might even …
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 …
TD Bank quarterly profit jumps on higher rates boost
(Reuters) -Canada’s TD Bank posted a surge in fourth-quarter profit on Thursday as gains from higher interest rates boosted its personal and commercial business and …
RBI seen raising rates by smaller 35bps in Dec, hiking again in early 2023: Reuters poll
By Shaloo Shrivastava BENGALURU (Reuters) – The Reserve Bank of India will raise interest rates by a smaller 35 basis points to 6.25% in December, …
Fed Chair Powell: cutting rates is not something to do soon
(Reuters) – Federal Reserve Chair Jerome Powell on Wednesday said the U.S. central bank should use a “risk management” approach to raising rates, going “slower …
BofA CEO sees two-year housing slowdown as U.S. rates rise
By Lananh Nguyen and Niket Nishant (Reuters) – Bank of America Corp chief executive officer Brian Moynihan said activity in the U.S. housing market will …
China lift, rates shift, crypto crunch
By Mike Dolan LONDON – A look at the day ahead in U.S. and global markets from Mike Dolan. Although Beijing’s moves to defuse tensions …
Rates and recession: European shares face rocky start to 2023: Reuters Poll
By Danilo Masoni MILAN (Reuters) – Tightening financial conditions and the prospect of an economic recession are going to be a toxic brew for European …
ECB’s Lagarde keeps options open on path for rates
FRANKFURT (Reuters) – European Central Bank President Christine Lagarde kept her options open as to the size and number of the ECB’s future interest rate …
Nepal expects reforms, says central bank, holding rates as election count goes on
By Gopal Sharma KATHMANDU (Reuters) – While Nepal awaited the outcome of national elections its central bank opted to hold its benchmark interest rates at …
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 …
NZ faces ‘shallow’ recession as rates need to rise more – senior central banker
By Stella Qiu SYDNEY (Reuters) – New Zealand is likely facing a “shallow” recession as interest rates need to rise further to tame inflation, a …
Bank deposit rates lag changes in Fed policy rate, NY Fed analysts say
NEW YORK (Reuters) – U.S. savers are being left behind by the Federal Reserve’s aggressive campaign of interest rate rises, and that’s unlikely to change …
Mexico’s central bank not about to ‘decouple’ from Fed on rates, board member says
MEXICO CITY (Reuters) – The Mexican central bank is “not ready yet to decouple” from the U.S. Federal Reserve, and to do so prematurely could …
New Zealand’s central bank raises rates by 75bps
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s central bank raised interest rates by 75 basis points to a near 14-year high of 4.25% on …
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 …
Bank of Canada says high rates starting to work, housing and debt a worry
By Steve Scherer and David Ljunggren OTTAWA (Reuters) – Higher interest rates are starting to slow the Canadian economy, the Bank of Canada said on …
Sri Lanka to hold rates as inflation slows slightly, focus on IMF bailout
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s central bank is expected to keep rates steady as inflation shows signs of easing and as authorities …
Bank of Korea to hike rates a modest 25bps on Nov 24 as growth slows- Reuters poll
By Devayani Sathyan and Anant Chandak BENGALURU (Reuters) – South Korea’s central bank will scale back its tightening pace on Thursday and hike rates by …
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 …
Bank of Israel likely to raise rates above 3.5%, deputy governor says
JERUSALEM (Reuters) – The Bank of Israel is still in the process of front-loading interest rates and will likely raise rates to above 3.5%, Deputy …
Czech central bank’s Mora prefers using rates rather than FX interventions-Seznam Zpravy
PRAGUE (Reuters) – Czech central bank Vice-Governor Marek Mora said on Monday he would favour using interest rates as the primary monetary policy tool to …
Fed’s Collins declines to say how far Fed will hike rates
By Michael S. Derby BOSTON (Reuters) – Federal Reserve Bank of Boston President Susan Collins on Friday declined to say how far the central bank …
ECB must raise rates decisively; let bonds expire from start of 2023, Nagel says
FRANKFURT (Reuters) – The European Central Bank must continue to raise interest rates decisively and should start letting its oversized holding of government debt expire …
Fed to lift rates by 50 basis points, but peak policy rate may be higher: Reuters Poll
By Prerana Bhat BENGALURU (Reuters) – The Federal Reserve will downshift in December to deliver a 50-basis-point interest rate hike, but economists polled by Reuters …
New Zealand’s RBNZ seen raising rates by historic 75 bps: Reuters Poll
By Devayani Sathyan BENGALURU (Reuters) – New Zealand’s central bank will hike rates by 75 basis points for the first time ever on Wednesday to …
SNB’s Maechler: Rates will be raised if inflation forecast above target
By Paul Carrel GENEVA (Reuters) – The Swiss National Bank will raise interest rates further if it sees inflation projections above its target level, SNB …
Britain softens business rates blow with 13.6 billion stg support package
By James Davey LONDON (Reuters) -Britain will provide 13.6 billion pounds ($16.1 billion) of support to retail, hospitality and leisure companies facing higher business rate …
U.S. housing starts tumble in October amid soaring mortgage rates
WASHINGTON (Reuters) – U.S. homebuilding fell sharply in October, with single-family projects dropping to the lowest level in nearly 2-1/2 years, as the housing market …
Polish rates may remain at current level for many months, says c.banker Maslowska
WARSAW (Reuters) – There is a chance that Polish interest rates could stay at their current levels for many months, central banker Gabriela Maslowska wrote …
BoE’s Bailey: ‘very tight’ labour market key to rates outlook
LONDON (Reuters) – Bank of England Governor Andrew Bailey said on Wednesday that Britain’s very tight labour market was a key reason why further interest …
BoE could deepen UK recession if it raises rates further – Dhingra
LONDON (Reuters) – The Bank of England’s newest interest rate-setter Swati Dhingra said on Wednesday that the British central bank could deepen an expected recession …
ECB has room to raise rates further but should proceed with caution, De Cos says
MADRID (Reuters) – The European Central Bank still has some way to go in tightening policy but should proceed with caution and calculate with a …
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 …
Philippine central bank to raise rates by 75 bps- Reuters poll
By Shaloo Shrivastava BENGALURU (Reuters) – The Philippine central bank will opt for a jumbo 75 basis point interest rate hike on Thursday to combat …
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 …
Home Depot, Lowe’s to see higher sales as owners remodel amid rising rates
By Deborah Mary Sophia (Reuters) – Home Depot Inc and Lowe’s Cos Inc are likely to report rising sales in the third quarter as Americans …
ECB not pre-committed to raise rates by 75 bps again, De Cos says
MADRID (Reuters) – The European Central Bank has not pre-committed to make another 75 basis-point increase at its next policy meeting, policymaker Pablo Hernandez de …
BoE will need to raise rates to 4.75% to bring down inflation – NIESR
LONDON (Reuters) – The Bank of England will probably need to raise interest rates to 4.75% in order to bring inflation back to its 2% …
Australia central bank cuts growth outlook, rates need to rise to cool red-hot inflation
SYDNEY (Reuters) – Australia’s central bank on Friday downgraded the outlook for economic growth, warning that more rate hikes will be necessary to bring down …
The Federal Reserve Hikes Rates Again As Inflation Rages On
The Federal Reserve Hikes Rates Again As Inflation Rages On John Hugh DeMastri on November 2, 2022 The Federal Reserve announced an interest rate hike …