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…
Fed’s Mester sees rates rising more than most policy makers have forecast
By Michael S. Derby (Reuters) – Cleveland Federal Reserve bank President Loretta Mester said on Friday that she believes the U.S. central bank will have to raise interest rates higher than the…
Fed could hold rates at peak into 2024, Daly signals
(Reuters) -San Francisco Federal Reserve Bank President Mary Daly on Friday said it’s a “reasonable” to think that once the Fed policy rate gets to its peak, it will stay there for…
Czech interest rates likely to stay on hold until mid-2023 – Reuters poll
By Jason Hovet PRAGUE (Reuters) – The Czech National Bank (CNB) is likely to hold interest rates steady at its final policy meeting of 2022 on Dec. 21 and will not begin…
Investment banks ramp up peak rates forecasts after hawkish ECB
By Alun John LONDON (Reuters) – A flurry of investment banks raised their forecasts for where euro zone interest rates will peak, after the European Central Bank signalled on Thursday that hikes…
Markets may still be underestimating how high ECB rates have to go -Rehn
HELSINKI (Reuters) -The European Central Bank will need big rate hikes at least at its next two meetings and markets may still be underestimating how high interest rates will have to go,…
Central banks ramp up rates again but the pace slows
LONDON (Reuters) – Central banks in Britain, Norway, Switzerland, the euro zone and the United States have all raised interest rates this week. Many have slowed the pace of their hikes. But…
ECB raises rates again, outlines balance sheet run off
FRANKFURT (Reuters) – The European Central Bank raised interest rates by half a percentage point on Thursday, its fourth successive hike, and outlined plans to shrink its bloated balance sheet from March,…
BOJ to keep ultra-low rates, hold fire until global outlook clearer
By Leika Kihara TOKYO (Reuters) – The Bank of Japan is set to keep ultra-low interest rates and dovish guidance next week, signalling its resolve to hold off on withdrawing stimulus until…
Czech policymaker Dedek says steady rates needed as inflation peaks
By Robert Muller PRAGUE (Reuters) – The Czech National Bank can hold off on interest rate rises as inflation is peaking, although any loosening of monetary policy is still way off, one…
Futures jump as CPI data eases jitters over interest rates
(Reuters) – U.S. stock index futures rose sharply on Tuesday after a smaller-than-expected rise in U.S. consumer prices boosted bets that the Federal Reserve would ease its aggressive rate hike stance. The…
Polish interest rates at adequate level, says c.banker Kochalski
WARSAW (Reuters) – The current level of interest rates in Poland is adequate, central banker Cezary Kochalski said on Tuesday. Poland’s Monetary Policy Council (MPC) has left its main interest rate unchanged…
Bank of Canada says higher rates are starting to work, frets over inflation risk
OTTAWA, Dec 12 (Reuters) – The Bank of Canada’s rapid-fire rate hikes are starting to slow the economy, the governor said on Monday, but while the bank wants to avoid a recession,…
New Zealand house prices fall as interest rates bite -REINZ
WELLINGTON (Reuters) – New Zealand house prices fell in November on the prior month as rising interest rates, access to finance and concerns around the economy contributed to continued hesitancy in the…
Russia to hold rates at 7.5% this week as inflation slows: Reuters poll
By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) – The Russian central bank is expected to hold its key interest rate at 7.5% on Friday, as inflation continues to slow and in…
Bank of Canada will likely need to hold rates above 4% in 2023 -IMF
OTTAWA (Reuters) – The Bank of Canada will likely need to keep interest rates at or above 4% for most of 2023 to cool an overheated economy and tame high inflation, the…
Equity mutual fund inflows fall to 21-month low in Nov on rising rates
By Bharath Rajeswaran BENGALURU (Reuters) – Inflows into Indian equity mutual funds tanked nearly 76% to 22.58 billion Indian rupees ($274.49 million) in November from 93.9 billion rupees in the previous months,…
Bank of Canada increases rates by 50 bps, says hikes may be over
TORONTO (Reuters) – The Bank of Canada on Wednesday hiked its benchmark overnight interest rate by 50 basis points to 4.25%, the highest level in almost 15 years, and signaled the tightening…
Bank of England set to raise rates to 3.5% after inflation hits 41-year high
By David Milliken LONDON (Reuters) – The Bank of England looks set to raise interest rates to 3.5% or more next week, but policymakers appear increasingly split on how much tightening is…
Bank of Canada increases rates by 50 bps, says hikes may be over
OTTAWA, Dec 7 (Reuters) – The Bank of Canada on Wednesday hiked its benchmark overnight interest rate by 50 basis points to 4.25%, the highest level in almost 15 years, and signalled…
Canadian dollar seen higher as analysts eye peak interest rates: Reuters poll
By Fergal Smith TORONTO (Reuters) – Canada’s dollar will rally over the coming year as major commodity consumer China loosens its COVID-19 restrictions and the Federal Reserve potentially concludes its campaign to…
India’s central bank set to raise rates; outlook on growth, inflation in focus
By Swati Bhat MUMBAI (Reuters) – The Reserve Bank of India (RBI) is widely seen raising its key lending rate by 35 basis points on Wednesday as inflation continues to stay above…
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 Constantinos Herodotou said on Tuesday. “We are…
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 November 21 meeting in a move aimed…
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 over coming months feel their way to…
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 was not sure that euro zone inflation…
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