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…
Vietnam central bank to raise policy rates by 100 bps
HANOI (Reuters) – Vietnam’s central bank announced on Thursday it would raise its policy rates by 100 basis points, in a rare monetary tightening move aimed at keeping inflation under 4% this…
Indonesia central bank raises rates by 50 bps to head off inflation risks
By Gayatri Suroyo and Stefanno Sulaiman JAKARTA (Reuters) – Indonesia’s central bank increased interest rates by more than expected on Thursday as it sought to rein in inflation after the government raised…
Analysis-Europe says goodbye to negative rates – or just ‘au revoir’?
By Mark John and Dhara Ranasinghe LONDON (Reuters) – Europe’s decade-long experiment with negative interest rates, which ended on Thursday with the Swiss National Bank’s return to positive territory, showed one thing:…
Rising rates, price slump deal double blow to Hong Kong homeowners
By Clare Jim HONG KONG (Reuters) – When Stephanie Cheung bought a small, two-bedroom apartment for HK$7.7 million ($981,041) as an investment in April 2021, she booked a 6% gain by the…
Philippine cbank hikes rates again, raises inflation forecast
By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) – The Philippine central bank hiked its benchmark interest rates by half a percentage point on Thursday, and said it was ready…
ECB must keep raising rates despite downturn, Schnabel says
FRANKFURT (Reuters) – The euro zone is facing an economic downturn but inflation is still far too high, so interest rates need to keep going up, European Central Bank board member Isabel…
Bank of Japan keeps ultra-low rates, dovish policy guidance
(Reuters) – The Bank of Japan maintained ultra-low interest rates and dovish policy guidance on Thursday, reassuring markets that it will continue to swim against a global tide of central banks tightening…
Fed Hikes Interest Rates For Third Time In Four Months
Fed Hikes Interest Rates For Third Time In Four Months Bronson Winslow on September 21, 2022 The Federal Reserve has raised target interest rates by 75 basis points for the third time…
Gulf central banks raise rates after Fed’s third big hike in a row
DUBAI (Reuters) – Gulf central banks raised their key interest rates on Wednesday after the U.S. Federal Reserve delivered its third consecutive three-quarter percentage point hike, with Brent dropping below $90 immediately…
Saudi Central Bank raises key interest rates by 75 bps
(Reuters) – The Saudi Central Bank said on Wednesday it increased its key interest rates by 75 basis points, moving in tandem with the U.S. Federal Reserve’s hike as the Saudi riyal…
Qatar central bank raises interest rates by 75 bps –statement
DUBAI (Reuters) – Qatar’s central bank said on Wednesday it will raise its interest rates by 75 basis points as of Thursday, moving in parallel with the U.S. Federal Reserve’s third straight…
U.S. mortgage interest rates reach 6.25%, highest level since October 2008
(Reuters) – The average interest rate on the most popular U.S. home loan climbed to its highest level since October 2008, Mortgage Bankers Association (MBA) data showed on Wednesday. Rising mortgage rates…
BOJ seen sticking to ultra-low rates, defy global rate hike rush
By Leika Kihara TOKYO (Reuters) – The Bank of Japan is set to maintain ultra-low interest rates and its dovish policy guidance on Thursday, a decision that comes hours after its U.S.…
Indonesia to raise rates by another 25 bps in Sept, some call for 50 bps: Reuters poll
By Anant Chandak BENGALURU (Reuters) – Bank Indonesia will follow a surprise August interest rate rise with another 25 basis point hike at its meeting on Thursday, still moving more slowly than…
POLL-Egypt’s central bank to raise interest rates by 100 bps: Reuters Poll
CAIRO (Reuters) – Egypt’s central bank will raise its overnight deposit rate by 100 basis points (bps) on Thursday as it tries to dampen resurgent inflation, a Reuters poll forecast. The median…
Norway to hike rates by 50 basis points this week – Reuters poll
OSLO (Reuters) – Norway’s central bank is expected to raise its benchmark interest rate again this week and signal a continued rise in the cost of borrowing in the fourth quarter to…
Australian home buyers could benefit from higher rates: RBA
SYDNEY (Reuters) – Australians looking to buy a new home could actually benefit from rising interest rates as they lower the price of housing enough to ultimately result in lower mortgage payments…
Marketmind: Rates, rates, rates
(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever Interest rate decisions from the Fed, People’s Bank of China, and Bank of Japan – the week ahead…
Brazil central bank set to keep rates at cycle high of 13.75% next week – Reuters poll
By Gabriel Burin BUENOS AIRES (Reuters) – Brazil’s central bank is set to keep its benchmark rate at a cycle high of 13.75% on Wednesday and is likely to stick to a…
Democrats Tout Public Utility Transparency as Rates Increase in New Jersey
Trenton – Legislation sponsored by Senate Majority Leader M. Teresa Ruiz and signed into law today will bolster consumer protections and make New Jersey a nationwide leader in public and private utility…
Mortgage Rates Jump Above 6% For First Time Since 2008, Making Buyers Feel The Squeeze
Mortgage Rates Jump Above 6% For First Time Since 2008, Making Buyers Feel The Squeeze John Hugh DeMastri on September 15, 2022 Thirty-year fixed-rate mortgages jumped past 6% for the first time…
U.S. mortgage interest rates top 6% for first time since 2008
(Reuters) – The average interest rate on the most popular U.S. home loan rose above 6% for the first time since 2008 and is now more than double the level it was…
Top of ECB rates cycle an open question, ECB’s Herodotou says
NICOSIA (Reuters) – The European Central Bank has expedited its exit from ultra easy monetary policy to bring inflation back to target but it remains open how high interest rates will go,…
Virgin Australia says high staff illness rates hampering capacity, lifting fares
By Jamie Freed SYDNEY (Reuters) – Virgin Australia has been unable to provide enough domestic capacity to meet demand, which is tracking above 2019 levels because of high illness rates among staff,…
Morgan Stanley says rise in interest rates hurts mortgage demand
(Reuters) – Morgan Stanley has seen moderation in loan growth and a lower mortgage demand due to rising interest rates, co-President Andrew Saperstein said in a conference on Tuesday. Decades-high inflation has…
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