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…
Hungary government expands scheme that caps mortgage rates – govt decree
BUDAPEST (Reuters) – Hungary’s government has expanded its existing scheme that caps mortgage rates effective Nov. 1 to include mortgages carrying fixed interest rates up to 5 years, it said in a…
Argentina inflation undershoots, easing pressure to hike rates
By Walter Bianchi BUENOS AIRES (Reuters) – Argentina’s monthly inflation rate came in lower than expected in September, a rare reprieve for the embattled economy and struggling residents, which may allow the…
Turkish central bank to cut rates to 11% after Erdogan nudge – Reuters Poll
ISTANBUL (Reuters) – Turkey’s central bank is expected to cut its policy rate by 100 basis points to 11% next week, a Reuters poll showed on Friday, after President Tayyip Erdogan called…
India cenbank policymakers divided on future path of rates, meeting minutes show
By Swati Bhat and Sudipto Ganguly MUMBAI (Reuters) – The Reserve Bank of India’s monetary policy committee may lean more on data in deciding the key interest rate going ahead even as…
ECB may need 75 bps rates hikes in Oct, Dec before balance sheet cut, Vasle says
By Balazs Koranyi WASHINGTON (Reuters) – The European Central Bank should raise interest rates by 75 basis points at both of its upcoming meetings this year, then needs to discuss shrinking its…
JPMorgan CEO warns higher inflation could push U.S. rates above 4.5%
(Reuters) -JPMorgan Chase & Co Chief Executive Officer Jamie Dimon on Thursday warned that persistent and elevated inflation could spur interest rates to rise higher than 4.5%, as he cautioned about the…
Angola will cut interest rates as long as inflation is low, says central bank governor
By Jorgelina do Rosario and Rachel Savage WASHINGTON/JOHANNESBURG (Reuters) – Angola will keep cutting interest rates as long as inflation is kept low, central bank governor Jose De Lima Massano said on…
Turkey’s Erdogan says he will keep cutting rates “as long as I am in power”
ANKARA (Reuters) – Turkish President Tayyip Erdogan vowed on Saturday that the central bank would continue to cut its policy interest rates every month for as long as he stayed in power,…
Israel’s central bank chief sees rates peaking at “3%-plus” while avoiding recession
By Steven Scheer JERUSALEM (Reuters) -Israel’s aggressive interest rate hiking cycle aimed at lowering inflation was at a “well advanced” stage, Bank of Israel Governor Amir Yaron said, with price pressures starting…
Sri Lanka cenbank to hold rates as inflation worries persist
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s central bank is likely to maintain interest rates on Thursday in an effort to get a grip on inflation which has remained stubbornly high…
Russia seen holding rates at 7.5% until year-end as inflation remains elevated: Reuters poll
By Alexander Marrow and Elena Fabrichnaya MOSCOW (Reuters) – Russia’s rate-cutting cycle is over for now, a Reuters poll suggested on Friday, with analysts expecting the central bank to keep its key…
RBA to hike rates by 50 bps in October, peak rate pushed higher – Reuters poll
By Shaloo Shrivastava BENGALURU (Reuters) – Australia’s central bank will hike interest rates by another half-point on Tuesday and increase borrowing costs further than previously thought in its most aggressive tightening cycle…
BoE’s Pill: bond purchases won’t cap long-term rates
By David Milliken LONDON (Reuters) -The Bank of England’s new programme of bond purchases aims to cure market dysfunction, not cap yields or offer cheaper credit to the government or financial institutions,…
China’s smaller banks cut deposit rates to ease margin pressure
BEIJING/SHANGHAI (Reuters) – A string of small and mid-sized Chinese banks are following their larger peers and cutting deposit interest rates in the first broad-based move since 2015 to ease pressure on…
UK housing market may face perfect storm as mortgage rates rise, house prices drop
By Andy Bruce, Sinead Cruise and Carolyn Cohn LONDON (Reuters) – A surge in borrowing costs and a likely slowdown in economic growth threaten to trigger a selloff in Britain’s housing market…
U.S. mortgage interest rates jump to 6.52%, highest since mid-2008
(Reuters) – The average interest rate on the most popular U.S. home loan climbed to its highest level since August 2008, data from the Mortgage Bankers Association (MBA) showed on Wednesday. Rising…
ECB may need to lift rates by 75 basis points in Oct, Kazimir says
(Reuters) – The European Central Bank may need to raise interest rates by another 75 basis points next month as inflation remains unacceptably high, Slovak central bank chief Peter Kazimir told a…
Bank of Canada must hike rates to tame inflation -BoC Governor
By Julie Gordon and Ismail Shakil OTTAWA (Reuters) – Inflation is too high in Canada, so the Bank of Canada needs to increase interest rates to slow spending and give the economy…
Bank of England says it “will not hesitate” to raise rates
By David Milliken and Muvija M LONDON (Reuters) -Bank of England Governor Andrew Bailey said on Monday that the BoE “will not hesitate” to raise interest rates if needed to meet its…
Global rates, retail banking included in Bank of England stress test
LONDON (Reuters) -Banks’ ability to cope with rising global interest rates and the resilience of their retail divisions to market shocks will be under scrutiny in this year’s “stress test”, the Bank…
BoE needs to hike rates next week to calm markets – Deutsche Bank analyst
LONDON (Reuters) – Britain’s central bank needs to make a big inter-meeting interest rate hike as early as next week to calm markets and restore credibility, a Deutsche Bank analyst said on…
C.banker Tyrowicz says Poland could hike rates by 200-400 bps more -PAP
WARSAW (Reuters) -Poland could raise interest rates by 200 to 400 basis points more, central banker Joanna Tyrowicz was quoted as saying on Friday, striking a hawkish tone at a time when…
RBI to raise rates again, slim majority of economists expect 50 bps hike – Reuters poll
By Arsh Tushar Mogre BENGALURU (Reuters) – The Reserve Bank of India is set to raise interest rates again next week with a slim majority of economists in a Reuters poll expecting…
U.S. mortgage rates rise to 6.29%, highest in 14 years
(Reuters) – U.S. 30-year fixed-rate mortgages rose to 6.29% on Thursday, the highest level since 2008, according to Freddie Mac’s mortgage market survey. Last week, rates averaged 6.02%. A year ago, home…
Egypt central bank keeps interest rates unchanged
CAIRO (Reuters) – The Central Bank of Egypt (CBE), bucking analyst expectations, left its overnight interest rates unchanged on Thursday, saying it believed inflation was under control over the medium term. The…
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