ECB rates may need to go higher than neutral, Wunsch says
ALPBACH, Austria (Reuters) – The European Central Bank may need to raise interest rates to a level that starts to restrict economic activity or above …
rates
Deutsche Bank appoints Matthew Raskin as head of U.S. rates research – memo
(Reuters) – Deutsche Bank has appointed New York Fed economist and policy adviser Matthew Raskin as a managing director and U.S. head of rates research, …
Analysis-Investors shun risk as Fed pushes higher-for-longer rates
By Davide Barbuscia and Carolina Mandl NEW YORK (Reuters) – Investors are bracing for higher interest rates for longer and hunkering down with defensive portfolios …
Fed’s Mester sees rates above 4%, says Powell speech ‘strong’ – BBG TV
(Reuters) – Cleveland Federal Reserve President Loretta Mester on Friday said she thinks the U.S. central bank needs to lift interest rates above 4% and …
Fed’s Harker: Would like to get rates above 3.4% and ‘sit for a while’
(Reuters) – Philadelphia Federal Reserve President Patrick Harker on Thursday said he would like to get interest rates above 3.4% and then “maybe sit for …
Bank of Korea to raise rates on Thursday as price pressures mount – Reuters poll
By Devayani Sathyan BENGALURU (Reuters) – South Korea’s central bank will raise its key interest rate again on Thursday to fight inflation, according to a …
As U.S. interest rates soar, four ways to manage credit cards now
By Chris Taylor NEW YORK (Reuters) – Try holding your credit card up to your ear, real close. You might hear the soft tick, tick, …
‘Catastrophic’: DEA Administrator Says Mexican Cartels Are Killing Americans With Fentanyl At ‘Record Rates’
‘Catastrophic’: DEA Administrator Says Mexican Cartels Are Killing Americans With Fentanyl At ‘Record Rates’ Harold Hutchison on August 19, 2022 The administrator of the Drug …
Bank Indonesia to wait one more month to pull rates lever – Reuters poll
By Anant Chandak BENGALURU (Reuters) – Bank Indonesia (BI) is expected to leave its policy rate unchanged at record lows on Tuesday, a small majority …
Egypt’s central bank seen hiking rates to dampen price rises – Reuters poll
CAIRO – The Central Bank of Egypt (CBE) will hike its overnight deposit rate by 50 basis points (bps) on Thursday as it works to …
Thai banks urged to freeze rates even if cbank hikes policy rate-Finance Minister
BANGKOK – Thailand’s commercial banks should not rush to raise their interest rates even though the central bank will tighten monetary policy, the finance minister …
Very unlikely Fed will cut interest rates next year – Kashkari
(Reuters) – Minneapolis Federal Reserve President Neel Kashkari said on Wednesday the possibility that the U.S. central bank will pivot to cutting interest rates next …
Higher interest rates a ‘bright spot’ for Europe’s banks
By Tom Sims, Jesús Aguado and Lawrence White FRANKFURT/MADRID/LONDON – European banks are hoping the boost to their businesses from higher interest rates will be …
Global cenbanks lift rates by nearly 1,200 bps in July
By Karin Strohecker and Vincent Flasseur LONDON – Major developed and emerging market central banks around the globe delivered nearly 1,200 basis points in interest …
Fed’s Bullard: Rates will need to be ‘higher for longer’ if inflation does not recede
(Reuters) – If inflation does not respond to the Federal Reserve’s interest rate increases by easing as expected, then rates will have to remain “higher …
RBI to raise rates in August but no consensus on size of hike – Reuters Poll
By Arsh Tushar Mogre BENGALURU – The Reserve Bank of India will hike its key interest rate on Friday, economists polled by Reuters said, but …
Brazil central bank to raise rates by 50 bps on Aug. 3: Reuters poll
By Valentine Hilaire MEXICO CITY – Brazil’s central bank will hike its key rate by 50 basis points next week, a Reuters poll showed on …
Bostic: Convinced Fed needs to keep raising rates to control inflation
WASHINGTON – The U.S. Federal Reserve will need to keep raising interest rates to control inflation but the pace and final level will be shaped …
Ackman says rates should be ‘materially higher’ to kill inflation
(Reuters) – Billionaire investor Bill Ackman on Thursday said he expected inflation to come down soon, but not to the level of 2% unless the …
Australia cenbank to play catch-up, raise rates by 50 bps for third month on Aug 2
By Devayani Sathyan BENGALURU – Australia’s central bank will deliver its third consecutive half-point interest rate hike on Tuesday and another in September, playing catch-up …
Powell says markets have been orderly as Fed has hiked rates
NEW YORK – Federal Reserve Chair Jerome Powell on Wednesday said he has been gratified to see that financial markets have behaved in an orderly …
Brazil’s public debt rises 2.5% in June, interest rates keep soaring
BRASILIA -Brazil’s federal public debt grew 2.51% in June from the month before, and the average cost of domestic debt issuance kept soaring amid greater …
BOJ to keep rates low, any change to policy will be gradual – ex-board member
By Leika Kihara and Divya Chowdhury MUMBAI – The Bank of Japan won’t make any quick or drastic changes to its monetary policy framework and …
Fed’s united front on interest rates may soon be tested
By Howard Schneider and Ann Saphir WASHINGTON/SAN FRANCISCO – Federal Reserve officials are likely to hit a key milestone this week with an interest rate …
European Central Bank will consider economic situation when deciding on rates -Holzmann
(Reuters) – The European Central Bank will consider the economic situation before deciding whether to press ahead with another big interest rate hike in September, …
ECB will raise rates until inflation falls back to 2%, Lagarde says
FRANKFURT – The European Central bank will raise its interest rates until inflation falls back to its 2% target, the ECB’s President Christine Lagarde said …
Denmark’s decade-long experiment with negative rates seen ending soon
COPENHAGEN -Danish banks expect a decade-long experiment with negative interest rates to soon come to an end, after the country’s central bank raised its key …
ECB raises rates for first time in decade with safety net for debtors
FRANKFURT – The European Central Bank raised its interest rates for the first time since 2011 on Thursday and unveiled a new bond-buying programme to …
Ukraine war, higher rates to limit growth in developing Asia – ADB
By Karen Lema MANILA – The Asian Development Bank (ADB) on Thursday slashed its growth forecasts for developing Asia for this year and next, reflecting …
Analysis-Asia’s central banks forced to play catch-up in global rush to raise rates
By Rae Wee SINGAPORE – Having bucked a global dash to tighten monetary policy for a year, Asian central banks find themselves scrambling to catch …
Rates in Poland could rise less aggressively, central bankers say
WARSAW – Polish central bankers are weighing the scope of further rate hikes amid risks of an economic slowdown, with one rate-setter arguing future hikes …
U.S. banks take hit on leveraged loans as deals slump, rates rise
By Saeed Azhar and Elizabeth Dilts Marshall NEW YORK – U.S. banks have started taking a hit on their leveraged loans’ exposure as the outlook …
Fed’s Bostic: Should not move rates “too dramatically”
TAMPA, Fla – Moving interest rates “too dramatically” could undermine the positive trends still seen in the economy and add to the already large amount …
Bank of Korea to hike rates by historic 50 bps – Reuters poll
By Shaloo Shrivastava and Cynthia Kim (Reuters) – South Korea’s central bank will deliver its first-ever 50 basis point rate rise to 2.25% on Wednesday, …
Philippines central bank gov says may raise rates by 100 bps more this year
MANILA – The Philippine central bank may raise interest rates by 100 basis points more this year, its governor said on Wednesday, after annual inflation …
S.Korea policymakers to closely monitor impact of rising interest rates
SEOUL – South Korea’s finance ministry and central bank said on Monday they had agreed to cooperate in minimizing adverse risks of rising interest rates …
Czech president believes new central bank chief will stabilise rates
PRAGUE – The Czech National Bank’s new governor Ales Michl is likely to stabilise interest rates as he and three new board members are not …
Consuelo Mack WealthTrack Prepares Individuals for an Era of Heightened Market Volatility, Inflation, and Higher Interest Rates in New Season
Season 19 premieres nationwide on public television beginning July 1 with economist and strategist David Rosenberg who warns of an “imminent recession.” Watch full episodes, …
RBA to hike rates by another 50 bps in July to make up for lost time: Reuters poll
By Devayani Sathyan BENGALURU – Australia’s central bank will deliver another half percentage-point interest rate hike on Tuesday as it fights to tame surging inflation, …
Australia’s big banks hike fixed-rate home loans amid rising interest rates
By Byron Kaye SYDNEY – Two of Australia’s biggest home lenders jacked up fixed-rate home loans in line with increases to their own borrowing costs, …
China needs to keep options to cut RRR, rates while waiting for bounce, says ex-regulator
SHANGHAI – China’s central bank needs to keep cuts to interest rates and banks’ reserve requirement ratio among its policy options while waiting for the …
Brazil’s public debt rises 2.01% in May, interest rates reach 5-year highs
BRASILIA – Brazil’s federal public debt rose 2.01% in May from the month before, with the average costs of domestic debt issuance jumping to the …
Rates will remain main policy tool for BoE, Pill says
By William Schomberg LONDON – Bank of England Chief Economist Huw Pill said on Friday that interest rates would remain the central bank’s main monetary …
Quadruple real rates? Ageing may turn to market headwind: Mike Dolan
By Mike Dolan LONDON – If you were hoping this was all a bad dream, take a deep breath. Many investors craving some return to …
Egypt central bank keeps interest rates steady
(Reuters) -Egypt’s central bank kept its overnight interest rates unchanged on Thursday, saying that for the next six months it would tolerate elevated inflation, caused …
Fed’s Harker says interest rates should reach above 3%, then reassess
(Reuters) – The U.S. Federal Reserve should raise interest rates above 3% by the end of this year and then reassess how much more it …
Fed’s Evans: will need to raise rates ‘a good deal more’
(Reuters) – Chicago Federal Reserve Bank President Charles Evans on Wednesday signaled he is with the core group at the U.S. central bank calling for …
Fed to lift rates by 75 basis points in July, 50 bps in September – Reuters poll
By Prerana Bhat and Indradip Ghosh BENGALURU – The Federal Reserve will deliver another 75-basis-point interest rate hike in July, followed by a half-percentage-point rise …
Bank Indonesia to hold rates in June but start hiking next quarter
By Arsh Tushar Mogre and Shaloo Shrivastava BENGALURU -Bank Indonesia will leave its key interest rate steady at 3.50% on Thursday but over one-quarter of …
Rates on U.S. 30-year mortgages see biggest one-week increase since 1987
NEW YORK – U.S. housing finance giant Freddie Mac said on Thursday the average contract rate on a 30-year fixed-rate mortgage rose by more than …