JCP&L Suspends Summer Shut-Offs as New Jersey Electricity Rates Increase 20%
HOLMDEL, N.J. — A failed state energy plan has resulted in electricity rate increases as high as 20% in New Jersey, thanks to Governor Phil Murphy’s failed clean energy agenda, but one…
Japan’s economy runs below capacity, low rates may stay in place
TOKYO (Reuters) – Japan’s economic output ran below full capacity for the 11th straight quarter in October-December, central bank data showed on Wednesday, suggesting that conditions for ending ultra-low interest rates have…
Dollar’s crown to slip as peers catch up in rates race: Reuters poll
By Hari Kishan BENGALURU (Reuters) – The U.S. dollar will weaken against most major currencies this year as the interest rate gap with its peers stops widening, putting the currency on the…
World Bank cuts Pakistan’s GDP f’cast on rising rates, limited fiscal space
NEW DELHI (Reuters) – The World Bank sharply lowered Pakistan’s current year growth forecast, saying the country’s economic growth prospects have weakened due to tighter financial conditions and limited fiscal space. The…
Rising rates put pressure on U.S. insurers’ reserves, Fitch says
NEW YORK (Reuters) – Rising interest rates are eating into the reserves that U.S. life insurers must hold to deal with rate fluctuations, ratings agency Fitch Ratings said on Monday, creating an…
Italy sees 2023 deficit on target despite higher rates, Eurostat setback – sources
By Giuseppe Fonte ROME (Reuters) – Italy estimates a 2023 budget deficit broadly in line with its previous goal of 4.5% of national output, people familiar with the matter said, as Rome…
RBA to hold rates at 3.60% on April 4- Reuters Poll
By Vivek Mishra BENGALURU (Reuters) – The Reserve Bank of Australia will pause policy tightening on Tuesday according to an updated poll of analysts, although a strong minority still forecast a hike.…
Italian minister warns ECB of risk from higher interest rates
By Federico Maccioni CERNOBBIO, Italy (Reuters) – The outlook for the Italian economy is improving but higher interest rates designed to curb inflation could pose a threat to growth, Italy’s economy minister…
Sri Lanka central bank likely to hold rates next week after 100 bps hike earlier
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s central bank is expected to keep interest rates unchanged at a policy meeting next week, a month after a 100 basis points increase ahead…
RBA to hike rates 25 bps on April 4 but decision on a knife edge- Reuters Poll
By Shaloo Shrivastava BENGALURU (Reuters) – Australia’s central bank is expected to go for a final 25 basis point interest rate hike to 3.85% on Tuesday, although forecasts from economists polled by…
Colombia central bank seen raising rates at Thursday meeting
By Nelson Bocanegra BOGOTA (Reuters) – The board of Colombia’s central bank will hold its monetary policy meeting on Thursday, with the majority of analysts expecting one last hike to the benchmark…
US mortgage refinancings hit 6-month high on rates drop, MBA says
(Reuters) – U.S. residential mortgage refinancing activity climbed to a six-month high last week, a trade group said on Wednesday, fueled by a third straight weekly drop in borrowing costs on the…
Marketmind-Bank calm, rates firm, Alibaba steals show
(Reuters) – A look at the day ahead in U.S. and global markets from Mike Dolan. A semblance of calm has returned to world markets in the final week of the first…
Swedish NIER think tank sees milder downturn, rates to peak at 3.75%
STOCKHOLM (Reuters) – Sweden’s economic downturn this year will not be as deep as previously expected, the leading NIER think-tank said on Wednesday, though households will remain under pressure from a cost…
Most Swedish mortgage borrowers have good buffers despite rising rates, FSA report says
STOCKHOLM (Reuters) -Swedish mortgage rates more than doubled for new mortgage borrowers in 2022 versus the previous year, but the majority of households still have good economic buffers, a report by the…
Fed Raises Interest Rates To Highest Levels Since 2007
Fed Raises Interest Rates To Highest Levels Since 2007 Jason Cohen on March 22, 2023 The Federal Reserve hiked its target federal-funds interest rate by a quarter of a percentage point Wednesday,…
Bank of England raises interest rates again, sees inflation falling
By William Schomberg and David Milliken LONDON, March 23 (Reuters) – The Bank of England raised interest rates by a further quarter of a percentage point on Thursday and said it expects…
Bahrain’s central bank mirrors Fed, raises rates by 25 bps
DUBAI (Reuters) – The Central Bank of Bahrain increased its key interest rates by 25 basis points on Wednesday, following the Federal Reserve’s hike of the same size as the dinar is…
Qatar’s central bank raises rates by 25 bps
(Reuters) – Qatar’s central bank said on Wednesday it was raising its interest rates by 25 basis points effective on Thursday, following the U.S. Federal Reserve’s hike of the same size, as…
US mortgage rates tumble by the most in 4 months in SVB’s wake, MBA says
(Reuters) – Last week’s banking sector turmoil had at least one silver lining for U.S. home buyers: lower mortgage interest rates. Interest rates on the most popular U.S. home loan tumbled by…
South Korea’s weak exports, easing prices may keep rates on hold
By Jihoon Lee and Choonsik Yoo SEOUL (Reuters) -South Korean exports tumbled for the first 20 days of March and producer inflation eased last month, data showed on Tuesday, reinforcing expectations the…
Philippine central bank to raise rates 25 bps in March, 6.50% peak seen in Q2 – Reuters Poll
By Anant Chandak BENGALURU (Reuters) – The Philippine central bank will hike its main interest rate by a modest 25 basis points on Thursday, followed by another next quarter, making rates peak…
Taiwan central bank says raising rates could help curb inflation expectations
TAIPEI (Reuters) – Taiwan’s deputy central bank governor said on Monday that raising interest rates may help curb inflation expectations, although also noting an aversion to raising rates during an export downturn.…
Taiwan set to stand pat on rates amid global financial woes – Reuters Poll
TAIPEI (Reuters) – Taiwan’s central bank is expected to keep its policy rate unchanged this week, according to economists polled by Reuters, as the island’s economy and inflation slow and global banking…
Traders keep to bets Fed will raise interest rates by 25 bps next week
(Reuters) – Traders of futures tied to the Federal Reserve’s policy rate have stuck to their bets of a quarter percentage point interest rate hike next week as relative calm prevailed in…
Fed likely to raise rates by 25 bps, with eyes on banks -PIMCO’s CIO
By Davide Barbuscia NEW YORK (Reuters) – The U.S. Federal Reserve will likely raise rates by 25 basis points at its next rate-setting meeting next week, although further signs of financial sector…
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