Inflation on RBI radar; repo rate hiked The Reserve Bank of India’s Monetary Policy Committee (MPC) on Friday raised the policy repo rate – The Hindu · Oct 1, 2022
Bank of England bonds rescue has two ugly implications: more inflation and an even weaker pound With UK government bonds and sterling both falling hard in recent days, the Bank of England has been forced to step in. Only a few months after it started tightening monetary policy to fight inflation by raising benchmark interest rates and ending its programme to “create” money through quantitative easing… The Conversation · Sep 30, 2022
High inflation, bleak global outlook: Why RBI hiked repo rate by 50 bps NEW DELHI: A stubbornly high inflation and persistently falling rupee promoted the Reserve Bank of India's (RBI) monetary policy committee (MPC) to raise benchmark lending rates for the 4th time in a row on Friday. The Times of India · Sep 30, 2022
RBI hikes repo rate by 50 bps to 5.9%; pegs GDP growth at 7% for FY23 NEW DELHI: The Reserve Bank of India (RBI) on Friday raised benchmark lending rates for the 4th straight time in a row, in a bid to tame the soaring inflation. The Times of India · Sep 30, 2022
Bank of Thailand 'ready' to adjust tightening pace The Bank of Thailand (BoT) is ready to adjust the pace of tightening monetary policy if needed and would be prepared to hold an off-cycle meeting if necessary, governor Sethaput Suthiwartnarueput said on Thursday. Bangkok Post · Sep 29, 2022
China's Yuan falls to lowest level since 2008 global financial crisis Like many other world currencies, China's onshore and offshore Yuan both fell against the dollar on Wednesday, increasing the pressure on the People's Bank of China to intervene directly. The drop is a result of the strong US dollar following the Federal Reserve's rate hikes, coupled with Beijing's more dovish… France 24 · Sep 28, 2022
Three-day RBI monetary policy meet starts today; another repo rate hike likely The monetary policy committee of the Reserve Bank of India is all set for its bi-monthly review meeting starting today. Read more on Dynamite News: Dynamite News · Sep 28, 2022
Bank of England chief economist says pound slump will ‘require significant response’ Huw Pill said there had been ‘significant market consequences’ following the chancellor’s announcement of tax-cuts The Independent UK · Sep 27, 2022
Analysis-Shinzo Abe's divisive legacy lingers in Japanese policy Two months after he was assassinated, Shinzo Abe is still stirring controversy, evidence of how the polarising former premier's legacy is shaping Japanese politics on everything from defence to monetary policy. Reuters · Sep 27, 2022
MPC rate hike of 0.5% could shore up baht An interest rate hike of at least 0.5% by the Bank of Thailand's Monetary Policy Committee (MPC) tomorrow would be enough to shore up the baht, which has depreciated by 11.5% against the greenback this year to date, analysts said. Bangkok Post · Sep 26, 2022
Sell This Cruise Ship Stock Before It Plunges Even Lower Despite gaining more than 15% in price over the past three months, Norwegian Cruise Line Holdings (NCLH) is down close to 35% year-to-date. With the Fed reiterating its aggressive monetary policy stance, it could be wise to sell the stock before it plunges even lower. Read on…. StockNews.com · Sep 26, 2022
Baht freefall could hit 38 Economists forecast the value of the baht could plunge to 38 to the US dollar this year, mainly attributed to a stronger dollar as the Federal Reserve pursues a hawkish monetary policy. Bangkok Post · Sep 23, 2022
It’s every nation for itself as dollar batters global currencies Nations are being forced to go it alone in erecting defenses against the relentless strength of the almighty greenback, with no sign that governments are willing to act in concert. Tribune News Service · Sep 23, 2022
Interest rates rise: latest hike to 2.25 per cent will see £1,500 added to London first-time buyer mortgage payments The Bank of England’s base rate increase of 0.5 per cent is the seventh consecutive rise unveiled by the Monetary Policy Commitee (MPC) Evening Standard · Sep 22, 2022
France 24 · Sep 22, 2022 As Federal Reserve raises rates, Bank of Japan stays put Many central banks around the world are following the lead of the US Federal Reserve and raising their benchmark interest rates in order to rein in inflation. The Bank of Japan, however, is marching to the beat of its own drum. At a policy meeting this Thursday, the bank maintained…
The Guardian - UK · Sep 22, 2022 UK in recession, says Bank of England as it raises interest rates to 2.25% In a three-way split decision, MPC signals inflation risks outweigh short-term threat of recession
Reuters · Sep 22, 2022 Swiss National Bank exits negative rates era with 0.75% hike Switzerland exited the era of negative interest rates on Thursday when its central bank joined others around the world in tightening monetary policy more aggressively to combat resurgent inflation.
Asharq Al-Awsat · Sep 21, 2022 Egypt's Central Bank Expected to Raise Interest Rates by 100 Basis Points Experts and economists agreed that the Central Bank of Egypt (CBE) will raise interest rates during its meeting on Thursday but did not agree on the rate hike. A Reuters poll forecasted that the central bank will raise its overnight deposit rate by 100 basis points (bps) as it tries…
Benzinga · Sep 20, 2022 Elon Musk Calls Out Fed For Too Much Latency In Rate Decisions Ahead Of Tuesday's Meeting: 'Problematic In A Fast-Changing World' The U.S. Federal Open Market Committee starts a two-day monetary policy meeting on Tuesday. Ahead of it, Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk took to Twitter to comment on inflation and interest rates.
Insider UK · Sep 20, 2022 Bank expected to unveil big rate hike on Thursday The Monetary Policy Committee is expected to increase rates by 0.75 percentage points
Bangkok Post · Sep 18, 2022 Spot gold declines to lowest in over 2 years The spot gold price dropped to its lowest level in more than two years, pressured by a strong US dollar and the rise of US government bond yields amid concerns about prolonged tightening monetary policy and the likelihood of recession.
Daily Mirror · Sep 18, 2022 Fears Brits face biggest interest rate hike in 30 years making mortgages pricier The Bank of England's Monetary Policy Committee is expected to increase interest rates from 0.75% to 2.5% in what would be the single biggest hike in more than 30 years
Dynamite News · Sep 16, 2022 India stocks bearish for 3rd day over monetary policy tightening worries Indian stocks started Friday's trade in the red, extending losses for the third straight session, on concerns of aggressive global monetary policy tightening by various central banks to avert recessionary fears. Read more on Dynamite News:
The Conversation · Sep 12, 2022 The Bank of Canada's own policy is the reason why inflation is so high The Bank of Canada has raised interest rates again in an effort to quell inflation. The central bank raised its policy rate by 0.75 percentage points on Sept. 7, bringing its benchmark overnight rate to 3.25 per cent. Economists are expecting the central bank to raise it again before the…
The Times of India · Sep 12, 2022 Retail inflation rises to 7% in August as food prices surge NEW DELHI: India's retail inflation based on consumer price index (CPI) snapped a 3-month downward trend in August and surged to 7%, data released by government showed on Monday. The jump has mainly been on account of surge in food prices.