ECB’s Panetta backs keeping rates high over more hikes
FRANKFURT (Reuters) – European Central Bank board member Fabio Panetta made the case on Thursday for keeping the ECB’s interest rates at their current high …
rates
Bank of England set to raise rates for 14th time in a row
By David Milliken LONDON (Reuters) – The Bank of England is expected to raise interest rates to a 15-year high of 5.25% from 5% on …
Israel judicial plan, higher interest rates pose risk for financial system -regulator
By Steven Scheer JERUSALEM (Reuters) – The Bank of Israel on Wednesday warned of risks to the stability of the banking system due to possible …
RBI to hold rates at 6.50% through Q1 2024, cut in April-June: Reuters poll
By Milounee Purohit and Anant Chandak BENGALURU (Reuters) – The Reserve Bank of India (RBI) will hold its key interest rate at 6.50% through end-March …
Yellow Corp demise seen boosting rates for rival US truckers
By Lisa Baertlein LOS ANGELES (Reuters) – The operational shutdown of Yellow Corp, a major U.S. trucking firm, should help prop up industry rates that …
Russia to raise rates past 9% this year under persistent inflation pressure: Reuters poll
By Alexander Marrow and Elena Fabrichnaya (Reuters) – Gradually quickening inflation will force the Bank of Russia to hike interest rates again this year, a …
RBA to hike rates once more by 25 bps in August – Reuters poll
By Devayani Sathyan BENGALURU (Reuters) – The Reserve Bank of Australia will hike interest rates once more by a quarter percentage point on Tuesday and …
BOJ takes steps to make YCC more flexible, keeps ultra-low rates
TOKYO (Reuters) – The Bank of Japan maintained ultra-low interest rates on Friday but took steps to make its yield curve control policy more flexible, …
Pakistan seen hiking rates again on IMF guidance, analysts say
By Ariba Shahid KARACHI (Reuters) – Pakistan’s central bank will likely raise its key interest rate again on Monday to tackle persistently high inflation, giving …
BOJ to keep ultra-low rates, may debate fine-tuning yield cap
By Leika Kihara TOKYO (Reuters) – As aggressive U.S. interest rate hikes look like they might be nearing an end, Japan’s central bank faces its …
Thai central bank to hike rates by 25 bps on Aug. 2, ending tightening cycle – Reuters poll
By Anant Chandak BENGALURU (Reuters) – The Bank of Thailand (BOT) will deliver a final 25-basis-point interest rate increase on August 2 and then hold …
Higher interest rates depress UK commercial property, survey finds
By David Milliken LONDON (Reuters) – Two thirds of property surveyors think Britain’s commercial real estate market is in a downturn, as higher Bank of …
Marketmind: Earnings, China hold spotlight ahead of big rates decisions
A look at the day ahead in European and global markets from Tom Westbrook Earnings and hope for a turning in China’s markets are the …
Canadian market participants see rates staying at 5% in 2023 -BoC survey
OTTAWA (Reuters) – The Bank of Canada (BoC) will not raise rates again and will start cutting a little later than previously anticipated, according to …
Russian central bank ups 2023 GDP forecast as it hikes rates by 100 basis points
(Reuters) – Russia’s central bank raised its forecast for economic growth in 2023 even as it hiked rates by 100 basis points on Friday, now …
‘Reality bites’: High inflation and rates hit UK consumer confidence
By Suban Abdulla LONDON (Reuters) – British consumers have turned more pessimistic in the face of rising interest rates and high inflation, according to a …
JPMorgan ups Turkey inflation, growth forecasts after rates decision
LONDON (Reuters) – Wall Street bank JPMorgan revised both its growth and inflation outlooks for Turkey upwards after the central bank delivered a smaller-than-expected interest …
Bank Indonesia rates on hold for rest of year, cut in Q1 2024 – Reuters poll
By Veronica Dudei Maia Khongwir BENGALURU (Reuters) – Bank Indonesia (BI) will keep its key interest rate unchanged at 5.75% next week and leave it …
Marketmind: China to keep rates on hold … for now
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. China’s central bank is expected …
M&T Bank beats profit estimates as higher rates boost interest income
(Reuters) – M&T Bank Corporation beat Wall Street estimates for second-quarter profit on Wednesday, as the U.S. Federal Reserve’s rapid rate hikes to tame inflation …
BNY Mellon beats second-quarter profit estimates on higher rates
(Reuters) – Bank of New York Mellon Corp beat Wall Street targets for second-quarter profit on Tuesday as the U.S. Federal Reserve’s aggressive policy tightening …
How to get high rates to work for you
By Chris Taylor (Reuters) – There is no doubt that higher interest rates are hard on a many people – especially if you are taking …
Russia to hike rates to 8% as weak rouble adds to inflation concerns: Reuters poll
By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) – Russia’s central bank is expected to hike rates to 8% on Friday, increasing the cost of …
Rates surge hits UK wealth, but young people might gain – report
LONDON (Reuters) – The jump in interest rates has wiped more than 2 trillion pounds off household wealth in Britain over the last year due …
Asking prices for UK homes slip as BoE’s rates rises bite, survey
LONDON (Reuters) – Asking prices for residential homes in Britain fell in July as rising mortgage costs and increasing buyer affordability constraints prompted sellers to …
UN agency calls for debt pause option as poverty rates rise
By Emma Farge and Marc Jones GENEVA/LONDON (Reuters) – A United Nations agency urged global finance ministers to give poor countries debt repayment breaks, estimating …
New York City schools under fire for inflating graduation rates
NEW YORK, NY – New York City high schools have faced accusations of inflating graduation rates as students are promoted without meeting grade-level expectations, according …
NYC High Schools Accused Of ‘Misleadingly’ Inflating Graduation Rates
NYC High Schools Accused Of ‘Misleadingly’ Inflating Graduation Rates Reagan Reese on July 12, 2023 New York City high schools have been accused of inflating …
Bank of England may need to keep rates higher for longer, IMF says
By David Milliken LONDON (Reuters) -The Bank of England may have to keep interest rates high for an extended period if inflation pressures persist, and …
Bank of Canada seen hiking rates quarter point to tame stubborn inflation
By Steve Scherer OTTAWA (Reuters) – The Bank of Canada (BoC) is heading toward a second consecutive quarter-point interest rate hike on Wednesday after a …
Marketmind: Markets buckle under US rates, China blues
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets are set for …
U.S. mortgage rates rise to 6.81%, highest level this year -Freddie Mac
NEW YORK (Reuters) – U.S. 30-year mortgage rates rose to an average of 6.81% this week, the highest level of 2023, according to Freddie Mac’s …
Small U.S. homebuilders tap the brakes as credit squeeze, rising rates hurt
By Ananta agarwal (Reuters) – Small U.S. homebuilders are backing off from bringing more houses to the market, discouraged by a banking crisis-led credit squeeze …
Malaysia’s central bank hits pause on rates as price pressures ease
By A. Ananthalakshmi and Rozanna Latiff KUALA LUMPUR (Reuters) -Malaysia’s central bank kept benchmark interest rates unchanged on Thursday, as expected, amid signs of moderating …
Aussie retailers in for more pain as high interest rates squeeze spending – Citi
(Reuters) – Australian retailers are in for a sombre period this fiscal year as high interest rates squeeze household budgets, especially for discretionary spending, Citigroup …
EMFX will hold gains into 2024 provided central banks hold rates: Reuters poll
By Vuyani Ndaba JOHANNESBURG (Reuters) – Emerging market currencies will hold on to gains into next year provided their respective central banks hold or only …
‘Error Rates’ For Food Stamp Payments Soar To New Heights Under Biden Admin
‘Error Rates’ For Food Stamp Payments Soar To New Heights Under Biden Admin Will Kessler on July 5, 2023 The U.S. Department of Agriculture (USDA) …
Sri Lanka central bank to cut rates further on faster inflation drop
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s central bank is widely expected to loosen monetary policy further on Thursday, following a massive 250-basis-point interest …
UK’s Hunt backs regulator to ensure banks pass on better rates to savers
LONDON (Reuters) – British finance minister Jeremy Hunt gave his backing to the country’s financial regulator FCA to ensure banks are passing on better savings …
China state lenders lower dollar deposit rates for second time in a month – sources
By Winni Zhou and Ryan Woo SHANGHAI/BEIJING (Reuters) – China’s major state banks have lowered their dollar deposit rates for the second time in a …
Don’t assume rates and inflation will settle back down – BoE’s Greene
LONDON (Reuters) – Megan Greene, who is due to join the Bank of England’s Monetary Policy Committee this week, said central banks should not assume …
Senate Clears Singer Bill Increasing Reimbursement Rates for “SUD” Treatment
A measure sponsored by Sen. Robert Singer that would increase Medicaid reimbursement for in-person partial care substance use disorder (SUD) treatment was approved today by the New Jersey Senate.
Fed trying to figure out if rates are high enough: Goolsbee
(Reuters) – Chicago Federal Reserve Bank President Austan Goolsbee on Friday said that he and colleagues will be parsing what will be “a lot of …
Emerging markets carry investor hopes for H2 on lower inflation, rates
By Rodrigo Campos and Marc Jones NEW YORK/LONDON (Reuters) – From BlackRock to JPMorgan, some of the world’s top investors are upbeat on emerging markets …
China’s PBOC asks foreign banks about dollar deposit rates amid weak yuan – sources
SHANGHAI/BEIJING (Reuters) – China’s central bank has surveyed some foreign banks in the past week about the interest rates they offer to their clients for …
ECB’s Villeroy: duration more important than level of interest rates
PARIS (Reuters) – How long the European Central Bank keeps rates elevated is more important than the actual level, though rates are close to levels …
Bank of England’s Bailey: We will see if markets are right on rates
By Francesco Canepa and Balazs Koranyi SINTRA, Portugal (Reuters) -Bank of England (BoE) Governor Andrew Bailey said it remained to be seen if financial markets …
Singer Bill that Increases Reimbursement Rates for Substance Use Disorder Treatment Clears Committee
Legislation sponsored by Sen. Robert Singer that would increase Medicaid reimbursement for in-person partial care substance use disorder (SUD) treatment cleared the Senate Budget and Appropriations Committee.
Marketmind: Inflation, rates worries supersede Russia stress
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets on Tuesday are …
India’s cenbank may cut rates in early 2024 as inflation eases – S&P
MUMBAI (Reuters) – The Reserve Bank of India will likely start cutting the policy repo rate in early 2024 once headline inflation eases toward the …