The Latest Breaking News from Interest Rates

ECB raises interest rates across eurozone by record margin

European Central Bank sets aside recession fears to increase rates by 0.75 of a percentage point to 1.25%

The Guardian - UK · Sep 8, 2022

ECB announces major increase in eurozone interest rates

The ECB lifted its deposit rate to 0.75% from zero and raised the main refinancing rate to 1.25%, which is their highest level since 2011

Dublin Live · Sep 8, 2022

Fewer Americans apply for jobless aid last week

Fewer Americans filed for unemployment benefits last week as the labor market remains continues to remain strong despite decades high inflation

The Independent UK · Sep 8, 2022

Banks push regulators to ease FIDF fees

The Thai Bankers' Association (TBA) has discussed with regulators further easing of banks' contributions to the Financial Institution Development Fund (FIDF) as interest rates rise.

Bangkok Post · Sep 7, 2022

We need to be prepared for what Trussonomics will mean

What we are about to get is the exact opposite of Thatcherism: an inflationary boom where we try to live beyond our means, but delivered with Thatcheresque determination, writes Sean O’Grady

The Independent UK · Sep 7, 2022

Asia stocks tumble to lowest since May 2020 on strong dollar pain

A fresh sell-off hit Asian equities on Wednesday as concerns over a stronger dollar and rising global interest rates added to pressure on capital flows.

Bangkok Post · Sep 7, 2022

Asian shares decline on Wall Street losses, rate worries

Asian shares are mostly lower, as pessimism prevailed about higher interest rates ahead and Wall Street continued a slump

The Independent UK · Sep 7, 2022

Bank of Thailand to hike rates gradually to contain inflation

The Bank of Thailand (BoT) will raise interest rates gradually to curb inflation risks and ensure a smooth recovery as the economy is expected to return to pre-coronavirus-pandemic levels late this year or early next year, BoT governor Sethaput Suthiwartnarueput said.

Bangkok Post · Sep 7, 2022

It's Time to Abandon These 2 Cruise Ship Stocks

High inflation, rising interest rates, increased borrowing costs, and recession fears have posed significant challenges for the cruise shipping industry. With the macroeconomic environment expected to remain uncertain, fundamentally weak cruise shipping stocks Carnival Corporation (CCL) and Royal Caribbean Cruises (RCL) are expected to remain under pressure. So, we think…

StockNews.com · Sep 6, 2022

Why are mortgage rates up but interest on your savings isn’t? What to know after Fed hikes

Why are you getting virtually no interest on your savings?

Tribune News Service · Sep 6, 2022