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…
EU tests banks’ ability to withstand ‘high-for-long’ interest rates
By Huw Jones LONDON (Reuters) – European Union banking regulators on Tuesday launched a stress test to check how banks could cope with a long period of high inflation and interest rates…
Russia to hold rates in Feb, economy seen contracting again in 2023- Reuters poll
By Alexander Marrow (Reuters) – The Bank of Russia will keep interest rates on hold at 7.5% next week as inflation remains above target, pushing the country’s economy to a second year…
Euro zone lending growth tumbles as higher rates bite
FRANKFURT (Reuters) – Bank lending to euro zone companies tumbled in December, effectively ending the sector’s biggest borrowing binge in more than a decade as rising interest rates and a possible recession…
Bank of England to lift rates to 4% on Feb 2, finish at 4.25% in March: Reuters poll
By Jonathan Cable LONDON (Reuters) – The Bank of England will lift the Bank Rate by 50 basis points on Feb. 2 to 4.00% and then add another 25 basis points in…
Czech interest rates should rise further, IMF says
PRAGUE (Reuters) – Czech interest rates should rise further “in the short term” to tame inflation and avoid more painful hikes later, the International Monetary Fund has said in the conclusions of…
ECB rates have to rise significantly at steady pace, Lagarde says
FRANKFURT (Reuters) – The European Central Bank will keep raising interest rates quickly to slow inflation which remains far too high, ECB President Christine Lagarde said on Monday, largely repeating the bank’s…
Sri Lanka seen holding rates as inflation fight continues; IMF deal key
By Uditha Jayasinghe COLOMBO (Reuters) – The Central Bank of Sri Lanka (CBSL) is widely expected to hold interest rates steady this week, having raised them last year to their highest in…
BoC to raise rates by 25 bps to peak of 4.50% on Jan. 25: Reuters poll
By Swathi Nair BENGALURU (Reuters) – The Bank of Canada will hike its key interest rate by a modest quarter point to 4.50% on Jan. 25 and then hit pause on an…
JPMorgan CEO Dimon sees interest rates going beyond 5% – CNBC
(Reuters) – JPMorgan Chase & Co Chief Executive Officer Jamie Dimon expects interest rates to go beyond 5% as inflation remains high, he said in an interview with CNBC on Thursday. “I…
U.S. mortgage interest rates fall to lowest levels since September – MBA
(Reuters) – The average interest rate on the most popular U.S. home loan dropped to its lowest level since September as more evidence inflation is past its peak sent Treasury yields lower,…
New Zealand house prices continue to fall as interest rates hurt
WELLINGTON (Reuters) – New Zealand house prices fell in December on the prior month as interest rates rose and more difficulty accessing bank finance contributed to continued hesitancy in the market, the…
Malaysia central bank to hike rates to 3.00% on Thursday: Reuters Poll
By Sujith Pai BENGALURU (Reuters) – Malaysia’s central bank will deliver its fifth consecutive quarter percentage point hike on Thursday in its effort to keep high inflation under check and provide support…
Consumers Are Paying Record Credit Card Rates Thanks To Sky-High Inflation
Consumers Are Paying Record Credit Card Rates Thanks To Sky-High Inflation John Hugh DeMastri on January 11, 2023 Average interest rates for bank-issued credit cards this past November surpassed a record set…
Philippines central bank hopes to cut rates in 2024, flags RRR reduction
By Neil Jerome Morales MANILA (Reuters) – The Philippines’ central bank governor said on Thursday he hoped benchmark interest rates could be cut in 2024, once inflation was under control, and flagged…
ECB will keep raising rates ‘significantly’ at sustained pace, De Cos says
By Jesús Aguado MADRID (Reuters) -The European Central Bank expects to continue raising interest rates “significantly” at future meetings, at a sustained pace, to ensure that inflation returns to the 2% target…
ECB interest rates should peak by summer – Villeroy
PARIS (Reuters) – The European Central Bank interest rates should reach a peak by this summer and hikes should not be “too mechanical”, French ECB policymaker Francois Villeroy de Galhau said on…
Fed’s George: It will be key to hold rates up once hikes end
By Michael S. Derby NEW YORK (Reuters) – Kansas City Federal Reserve leader Esther George said on Thursday that she hopes the central bank will continue its efforts to shrink its balance…
Russia could hike rates in 2023 if inflation risks have big impact -cenbank
MOSCOW (Reuters) – The Bank of Russia could raise interest rates in 2023 if inflationary risks such as labour shortages and import restrictions have a meaningful impact, Deputy Governor Alexei Zabotkin told…
Dutch governor Knot signals ECB will keep raising rates in months ahead- FT
(Reuters) – Head of Dutch Central Bank Klaas Knot said with five policy meetings between now and July 2023, the ECB would achieve “quite a decent pace of tightening” through half percentage…
U.S. monitoring rising COVID rates in China – White House
(Reuters) – The Biden administration is closely monitoring the rising rates of COVID infections in China in the wake of relaxed rules, White House National Security Council spokesman John Kirby said in…
Private debt markets face reality check as companies grapple with rising rates, recession
By Chiara Elisei LONDON (Reuters) – Stellar growth in private debt markets over the past decade looks set to face a reality check as a looming recession and higher interest rates squeeze…
Analysis-Italy’s rates clash with ECB a sign of things to come for euro zone
By Francesco Canepa FRANKFURT (Reuters) – Attacks by Italy’s new government on the European Central Bank over its plans to raise borrowing costs may be a sign of things to come for…
China seen keeping benchmark lending rates unchanged for 4th month
SHANGHAI (Reuters) – China is likely to keep benchmark lending rates unchanged for the fourth straight month in December on Tuesday, a Reuters survey showed, but expectations for monetary easing are rising.…
Star Entertainment dives on NSW govt’s proposal to reform casino tax rates
(Reuters) – Shares in Australia’s Star Entertainment Group tumbled nearly 12% on Monday, after the New South Wales (NSW) government proposed to raise taxes on casino poker machine operators in the state…
Italian economy minister says ECB rates hikes worrying for Rome
By Angelo Amante and Giuseppe Fonte ROME (Reuters) -The prospect of subsequent hikes in interest rates by the European Central Bank is worrying for highly indebted countries like Italy, its economy minister…
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