At its meeting today, the Bank of England (BoE) raised its key interest rate by 0.25% to 1.00%. This is the highest level in 13 years in order to curb the rise in inflation. The BoE raised interest rates today in line with market expectations – the fourth consecutive rate hike since December 2021. Inflation …
BoE Raises Interest Rates by 0.25%, Highest Level in 13 Years Read More »
The Bank of Hong Kong (HKMA) raised its policy rate by 0.50% to 1.25% today after the Federal Reserve raised its interest rate by 0.50% at its meeting on May 4. In the past, the Bank of Hong Kong will adjust its monetary policy in line with the Fed. This is because the Hong Kong …
Hong Kong’s Central Bank Raises Interest Rates by 0.50% Read More »
The Gulf Central Banks raised its key interest rate after the Federal Reserve (Fed) increased rates by 0.50% at its meeting yesterday. The currencies of most Gulf countries are pegged to the U.S. dollar, with the exception of Kuwait, which pegs the Kuwaiti dinar to a basket of currencies that includes the U.S. dollar. The …
The Gulf Central Banks Raise Interest rates by 0.50% Read More »
The Reserve Bank of India (RBI) raised its repo rate by 0.40% to 4.40% at its meeting on Wednesday, saying the continued spike in inflation has put pressure on the country’s economy. The yield on India’s 10-year government bond rose to 7.41% shortly after the central bank’s interest rate announcement. Bank of India Governor Shaktikhanta …
At its meeting today, the Russian Central Bank cut interest rates by 3% to 14%. At the same time, it stated that the financial market had stabilized. “Because price and financial stability risks are no longer increasing. This creates conditions that favor interest rate cuts,” the central bank said in a statement. The central bank …
The Swedish central bank (Rigsbank) raises bond repurchase rates, in other words, the key interest rate, to 0.25% from 0% previously. The central bank said the rate hike would take effect May 4 to curb inflation, which has reached its highest level since the 1990s. In addition, the central bank said it would gradually raise …
Swedish Central Bank Raises Interest Rates by 0.25% to Curb Inflation Read More »
The Bank of Canada raised interest rates by 0.50% to 1%, the highest rate hike in more than two years, hinting at further rate hikes in the coming days. Rising inflation is also becoming more serious in Canada. “Raising interest rates in the coming days is a necessary task. We are committed to implementing a …
The Russian Central Bank cut interest rates by 3% to 17% at its meeting today and signaled that further rate cuts will follow. Today’s announcement of an interest rate cut took the market by surprise. It comes ahead of the central bank’s regular monetary policy meeting scheduled for April 19. “Today’s decision reflects changes in …
Surprise! Bank of Russia Cuts Interest Rates by 3% and Announces Further Rate Cuts Read More »
The Reserve Bank of India (RBI) kept the repo rate at 4% and the reverse repo rate, the central bank’s benchmark for borrowing from commercial banks, at 4% at its meeting today. The interest rate remained at a record low. RBI’s decision to keep interest rates in line with market expectations is aimed at supporting …
The dollar index rose against the other currencies in the currency basket on Wednesday (April 6) after minutes of the March meeting of the U.S. Federal Reserve revealed that Fed officials had decided to reduce the size of the balance sheet. The dollar index against the six major currencies in a basket of currencies rose …
Dollar Strengthens After Publication of FOMC Meeting Minutes Read More »