The Reserve Bank of Australia (RBA) has released the minutes of its August meeting, which show that the RBA committee has signaled that it will raise interest rates again in the future. The rate hike will depend on the economic data received and the inflation outlook. “The RBA committee anticipates more action will be taken …
Australia’s central bank continues to suggest rate hikes to combat inflation Read More »
Thailand’s central bank announced it will raise interest rates on Aug. 10 for the first time in four years from a record low as the central bank shifts its focus from economic growth to rising inflation. High inflation, a global phenomenon due to broken supply chains, has also hit Thailand. It has been above the …
Thailand’s central bank plans rate hike for August 10 after inflation spike Read More »
The Reserve Bank of India (RBI) today raised its repo rate by 0.50% to 5.40%, the third rate hike in recent months, in a bid to curb surging inflation. It has been predicted that Indian inflation, which reached 7% in June, will prompt the RBI to raise interest rates again. Some expect the RBI to …
The Reserve Bank of Australia (RBA) raised its key interest rate by 0.50% to 1.85%, the highest level in six years, signaling that it may raise rates in the future. The RBA issued a statement after the meeting saying that today’s rate hike is an ongoing process to normalize monetary policy. And it is the …
The Hong Kong Monetary Authority (HKMA) raised interest rates by 75 basis points to 2.75% after the U.S. Federal Reserve also raised rates by 0.75%. Hong Kong’s monetary policy moves in lockstep with the U.S. This is because the city’s currency is pegged to the dollar at between HKD7.75 and HKD7.85 per dollar. Fed Chairman …
Hong Kong’s central bank raises interest rates after Fed rate hike Read More »
The Bank of Russia cut interest rates by 1.50% to 8.0% at its meeting yesterday in an effort to boost the slowing economy. The cut was larger than the 0.5% cut expected by analysts. It was the fifth rate cut this year. “The Russian economy is facing challenges from external factors which continues to have …
The Danish central bank raised its key interest rate by 0.50% to -0.1% yesterday, following the rate hike by the European Central Bank (ECB) a few hours earlier. “The rate hike is a result of the ECB’s policy rate hike,” the Danish central bank said in a statement. The Danish central bank wants to raise …
Danish central bank raises interest rates by 0.50%, following in the ECB’s tracks Read More »
Indonesia’s central bank kept its key interest rate at a record low, even though most central banks have raised rates to curb inflation. The Indonesian central bank left the interest rate for 7-day bond repurchases unchanged at 3.50%. Indonesia’s central bank is one of the few Asian central banks that has not raised interest rates …
The Bank of Indonesia has decided to leave the interest rates unchanged Read More »
The Bank of Japan (BOJ) has maintained its ultra-loose monetary policy in line with expectations, while the BOJ has raised its inflation forecast for this year as energy costs soar and the yen weakens. The Board of the BOJ decided to keep the policy rate at -0.1% and the target yield on 10-year government bonds …
Indonesia’s central bank is likely to leave interest rates at a record low on Thursday. However, economists expect a 25 basis point rate hike to support the rupiah and prevent capital outflows due to rising U.S. interest rates. Given the relatively low inflation, Bank Indonesia will wait at least another month before joining the other …
Bank Indonesia to leave interest rates unchanged in July Read More »