(Reuters) – The Federal Reserve needs to move interest rates much higher and soon if high inflation does not begin to subside, Fed Governor Christopher Waller said on Monday. “If …
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- Financial News
Insurance rates jump for Ukraine war-exposed business, sources say
by Reutersby ReutersLONDON – Insurance premiums are doubling or more for some aviation and marine business particularly exposed to the war in Ukraine, increasing costs for airline and shipping firms, industry sources …
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Analysis-Safe as houses? Rising rates test foundations of property boom
by Reutersby ReutersBy Francesco Canepa and Julie Gordon (Reuters) – In Toronto’s far-flung suburbs, just a few months ago a typical three-bedroom house would have fetched 40 offers on bidding night and …
- Financial News
Peak interest rates may be lower than expected as growth slowdown looms
by Reutersby ReutersBy Sujata Rao and Saikat Chatterjee LONDON – Worsening economic data may force central banks to blink and take a less aggressive rate-rise stance, money markets are betting, having steadily …
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Australia’s housing boom to deflate as mortgage rates rise: Reuters poll
by Reutersby ReutersBy Vivek Mishra BENGALURU – Rampant rises in Australian house prices will grind almost to a halt this year, and an 8% decline is expected in 2023 as a cost-of-living …
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Bank of Korea to raise rates again on May 26, to hit 2.25% by year end – Reuters poll
by Reutersby ReutersBy Shaloo Shrivastava BENGALURU – South Korea’s central bank is likely to hike its benchmark rate at a second consecutive meeting on Thursday to combat inflation running at more than …
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BRASILIA -Brazil’s government announced on Monday a new 10% reduction in the tax rate for import goods on a large part of products purchased abroad, aiming to reduce inflationary pressures. …
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ECB can safely raise rates out of negative territory, Visco says
by Reutersby ReutersKOENIGSWINTER, Germany – The European Central Bank can raise its benchmark interest rate out of negative territory without major economic consequences because financing conditions would still remain exceptionally easy, ECB …
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FRANKFURT – The European Central Bank can start raising interest rates, perhaps as soon as July, moving them gradually back into positive territory, Italian central bank chief Ignazio Visco told …
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Bank Indonesia to pull rates lever in Q3, June move possible: Reuters Poll
by Reutersby ReutersBy Devayani Sathyan BENGALURU – Bank Indonesia will wait a few more months to raise rates from a record low despite rising inflation and aggressive moves by the U.S. Federal …
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Bank of Israel to hike rates 1/4-point next week as inflation hits 4%
by Reutersby ReutersBy Steven Scheer JERUSALEM -The Bank of Israel will likely raise short-term interest rates by a quarter-point next week to rein in rising inflation, partly caused by low unemployment and …
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Brazil should speed up Eletrobras privatization before Fed hikes rates, official says
by Reutersby ReutersBy Marcela Ayres and Bernardo Caram BRASILIA – Monetary tightening in the United States makes it all the more pressing to speed up the privatization of Brazil’s largest utility, state-run …
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Australian banks enter tech arms race as rising rates squeeze profit
by Reutersby ReutersBy Byron Kaye SYDNEY – The 10-minute home loan – at the tap of a smartphone screen – is emerging as the next frontier in Australian banking as rising interest …
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U.S. corporate bond deals to ebb this year amid higher rates, volatility -BofA
by Reutersby ReutersBy Davide Barbuscia NEW YORK – U.S. bond sales by investment-grade issuers will likely decline by around 10% this year as borrowers contend with higher rates and market volatility, a …
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ECB to hike deposit rate 25 bps in July, ditch negative rates by end-September: Reuters poll
by Reutersby ReutersBy Swathi Nair BENGALURU – The European Central Bank is expected to raise the deposit rate for the first time in over a decade in July and bring it out …
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RBI to raise rates again in June but not clear by how much: Reuters poll
by Reutersby ReutersBy Devayani Sathyan and Prerana Bhat BENGALURU – The Reserve Bank of India will follow its surprise May rate rise with another hike at its meeting next month, according to …
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India’s economic growth to slow if central bank hikes rates – official
by Reutersby ReutersNEW DELHI – India’s economic growth rate is likely to slow if the central bank hikes interest rates, Finance Secretary TV Somanathan told CNBC TV18 on Thursday. India’s central bank …
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Belarus PM sees interest rates falling after rate cuts in Russia
by Reutersby Reuters(Reuters) – Belarusian Prime Minister Roman Golovchenko said on Wednesday he expected interest rates in his country to fall following rate cuts by the Russian central bank, despite accelerating inflation …
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Hungary cenbank raised interest rates by 100 bps in unanimous April vote -minutes
by Reutersby ReutersBUDAPEST – Hungarian rate-setters voted unanimously to raise the base rate by 100 basis points to 5.4% on April 26, the minutes of the meeting showed on Wednesday. “The Monetary …
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Polish govt not expected to force banks to raise rates on deposits, mBank says
by Reutersby ReutersWARSAW – Interest rates on deposits held in Polish banks will grow due to competition, mBank CEO Cezary Stypulkowski said on Wednesday, adding he did not expect the government to …
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SYDNEY – A measure of Australian consumer sentiment slid for a sixth straight month to a 21-month low in May as surging inflation and rising interest rates weighed on family …
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(Reuters) – Federal Reserve Governor Christopher Waller said on Tuesday it is time to “hit it” on raising interest rates to deal with inflation that is too high and a …
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PARIS – Higher interest rates make it all the more important for post-pandemic government debt levels to be brought to more sustainable levels, the head of France’s central bank said …
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ECB should raise rates in July to curb inflation -Bundesbank chief
by Reutersby ReutersELTVILLE AM RHEIN, Germany -The European Central Bank should raise interest rates in July to stop high inflation becoming entrenched, German Bundesbank chief Joachim Nagel said on Tuesday, joining an …
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ECB must quickly raise key rates, says head of Germany’s Ifo institute
by Reutersby ReutersBERLIN – The European Central Bank must quickly raise interest rates in line with the United States, given high inflation in the euro zone, the head of Germany’s Ifo institute …