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…
Turkey central bank ramps up interest rates to 40%
LONDON (Reuters) – Turkey’s central bank delivered a larger-than-expected 500 basis point interest rate hike on Thursday, lifting its benchmark to 40% but also flagging that the pace of monetary tightening was…
Bank of Israel to keep rates on hold again as war continues
By Steven Scheer JERUSALEM (Reuters) – Israel’s central bank is expected to leave short-term interest rates unchanged next week for a fourth straight meeting to maintain financial stability and avert an uptick…
Swedish Riksbank holds rates steady, threatened hike in 2024 seen unlikely
By Simon Johnson STOCKHOLM (Reuters) -Sweden’s central bank kept its policy rate on hold at 4.00% on Thursday and said it was ready to hike again if inflation proved stubborn, though analysts…
ECB’s Nagel: rates at peak or close, rules out hard landing
MILAN (Reuters) – Euro zone interest rates are close to their peak in the current cycle or may have already reached it, European Central Bank Governing Council member Joachim Nagel said on…
Barclays forecasts Fed to stand pat on rates in January
By Subhadeep Chakravarty (Reuters) -Barclays said on Wednesday it no longer expects the U.S. Federal Reserve to raise interest rates in January, compared with an earlier forecast of a 25-basis-point hike. Rates…
BOJ to end negative interest rates in 2024, over 80% of economists say – Reuters poll
By Satoshi Sugiyama TOKYO (Reuters) – The Bank of Japan will end its negative interest rate policy next year, more than 80% of economists in a Reuters poll said, with more convinced…
ECB rates to stay unchanged for next few quarters -Villeroy
LONDON (Reuters) – The European Central Bank’s interest rates have reached a plateau where they will likely remain for the next few quarters, ECB policymaker Francois Villeroy de Galhau said on Monday,…
China keeps lending benchmark rates unchanged, as expected
SHANGHAI/SINGAPORE (Reuters) – China left benchmark lending rates unchanged at a monthly fixing on Monday, matching expectations, as a weaker yuan continued to limit further monetary easing and policymakers waited to see…
Marketmind: China seen steady as she goes on rates
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. China’s latest interest rate decision will be the main focus for Asian…
China expected to keep key lending rates unchanged next week
SHANGHAI/SINGAPORE (Reuters) – China is widely expected to leave lending benchmark rates unchanged at a monthly fixing on Monday, after the central bank kept medium-term interbank rates steady and amid wider concerns…
Homebuilder confidence weakens again but easing rates may brighten the outlook – NAHB
By Amina Niasse NEW YORK (Reuters) – U.S. home builder confidence weakened in November despite signs of easing mortgage rates that could bolster the outlook into the end of the year, according…
BOJ seen ending negative rates in April, keep hiking next year – ex-central bank economist
By Leika Kihara and Takahiko Wada TOKYO (Reuters) – The Bank of Japan is expected to end its negative interest rate policy in April and keep raising short-term borrowing costs next year…
Philippine central bank likely to hold rates at 6.5% on Thurs, may hike again in Dec: Reuters poll
By Veronica Dudei Maia Khongwir BENGALURU (Reuters) – The Philippine central bank will keep its key interest rate unchanged at 6.50% on Thursday after an off-cycle 25 basis-point hike on Oct. 26,…
Central bank warns Canadians to plan for a period where rates may be higher
By Steve Scherer and David Ljunggren OTTAWA (Reuters) -The Bank of Canada on Thursday said the era of super-low interest rates was likely over and warned businesses and households to plan for…
Fed done raising rates; risk is for expected Q2 cut to be delayed – Reuters poll
By Prerana Bhat BENGALURU (Reuters) – The U.S. Federal Reserve will hold its federal funds rate steady through most of the first half of next year, according to the latest Reuters poll…
Aussie ‘big four’ banks hike home loan rates after RBA decision
(Reuters) – Commonwealth Bank of Australia, the country’s largest lender, on Thursday joined the other three big banks in raising its standard variable home loan rate by 25 basis points after the…
BOJ may end negative rates in January, ex-central bank executive says
By Leika Kihara and Yoshifumi Takemoto TOKYO (Reuters) – The Bank of Japan may end its negative interest rate policy as early as January, and keep raising short-term borrowing costs if the…
ECB must keep rates at or near 4% through 2024 to get inflation down -IMF
FRANKFURT (Reuters) – Rapid wage growth in the euro zone could keep inflation elevated longer and the European Central Bank should hold interest rates at or near record highs through next year…
Australia’s central bank raises rates to 12-year high, tempers hawkish stance
By Wayne Cole SYDNEY (Reuters) -Australia’s central bank raised interest rates to a 12-year high on Tuesday, ending four months of steady policy, but left it open on whether even more tightening…
Marketmind: Rates buzz sustained before Fed loan data
A look at the day ahead in U.S. and global markets from Mike Dolan After its best week of 2023 on optimism about peaking interest rates, Wall Street’s S&P500 looks set to…
Alpha Bank, Piraeus Bank profits up on higher interest rates
By Lefteris Papadimas ATHENS (Reuters) – Alpha Bank and Piraeus Bank reported on Friday a jump in profits for the first nine months of 2023 as higher rates boosted net interest income…
American Electric Power beats profit estimates on higher rates
(Reuters) – American Electric Power on Thursday beat profit estimates for the third quarter, as the utility benefited from higher electricity rates and customer additions. That helped the company, one of the…
Norway keeps interest rates on hold, eyes December hike
By Terje Solsvik OSLO (Reuters) – Norway’s central bank kept its benchmark interest rate unchanged at 4.25% on Thursday, as widely expected, and said it would likely raise the cost of borrowing…
China regulators probe liquidity stress that sent rates to record 50% – sources
SHANGHAI (Reuters) -China’s financial regulators are investigating a month-end liquidity crunch that saw short-term money rates surge to as much as 50%, asking some institutions to explain why they borrowed at extremely…
DoubleLine’s Gundlach expects interest rates to fall as US economy worsens
(Reuters) – DoubleLine Capital CEO Jeffrey Gundlach expects interest rates are about to trend lower as the U.S. economy deteriorates further and tips into a recession in early 2024, he said in…
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