The People’s Bank of China (PBOC) today left its key interest rate unchanged for the sixth consecutive month, in line with market expectations. While investors expect the PBOC to gradually return its monetary policy to normal levels after it tightened monetary policy during China’s easing measures to curb COVID-19 The PBOC has left the one-year …
The Philippine central bank raised its key interest rate by 0.75% to 3.25% to curb inflation. The announcement by the Philippine central bank that it would raise interest rates surprised the local market. It also signaled its willingness to pursue a tighter monetary policy in order to reduce inflationary pressure. Earlier, Philippine authorities reported that …
The Bank of Canada raised its key interest rate by 1% to 2.5% at its meeting on Wednesday (July 13) in an effort to curb inflation, while warning that the central bank could raise rates again in the future. The Bank of Canada raised interest rates the most since 1998, and the 2.5% rate was …
Canada raises interest rates by 1% and signals further increases after inflation rises Read More »
The Reserve Bank of New Zealand (RBNZ) raised its key interest rate by 0.50% to 2.50% to curb inflation and promote full long-term employment. The RBNZ Policy Committee agreed that the implementation of a monetary austerity policy will be able to control inflation and stabilize the economy. It also supports the goal of realizing its …
Bank of New Zealand raises interest rates by 0.5 percent Read More »
The Bank of Sri Lanka (CBSL) today (July 7) raised interest rates by 1% to curb record-high inflation and control inflation expectations. CBSL increased the interest rate on the standing loan facility by 1% to 15.50% and the interest rate on the standing deposit facility to 14.50%. “The Central Bank’s Monetary Policy Committee considers this …
Bank of Sri Lanka raises interest rates by 1% to curb record inflation Read More »
The Reserve Bank of Australia (RBA) raised interest rates by 0.50% to 1.35% at its meeting today, as expected. At the same time, it signaled that it will continue to tighten monetary policy in order to curb the sharp rise in inflation. The RBA stated that monetary easing is no longer necessary to support the …
The Swedish central bank (Rigs Bank) announced a 0.50% increase in the key interest rate to 0.75%, the largest rate hike in 22 years. The central bank said the rate hike would take effect July 6. The central bank has also announced further interest rate hikes to curb inflation, which has reached its highest level …
Sweden’s central bank raises interest rates by 0.50%, the highest increase in 22 years Read More »
The Philippine central bank (BSP) raised its key interest rate by 0.25% to 2.50% at its June 23 meeting, the second consecutive increase amid a sharp rise in inflation and a weak peso. The Philippine central bank has accelerated rate hikes as inflation in the Philippines reaches its highest level in more than three years. …
Bank of the Philippines raises interest rates by 0.25% to 2.50% Read More »
Global stock markets closed higher Friday than the previous week. But investors are concerned that the central bank’s tighter monetary policy to fight inflation could hurt economic growth. The U.S. Federal Reserve’s largest interest rate hike since 1994 and the first in Switzerland in 15 years, the U.K.’s fifth rate hike since December, and the …
Stocks lose biggest weekly loss since 2020 due to central bank moves Read More »
U.S. banks JP Morgan Chase, City Group Inc. and Wells Fargo raised the federal funds rate from 0.75% to 4.75%, effective today (June 16), to match yesterday’s Federal Reserve ( Fed) rate hike. Fed raises interest rate by 0.75% to fight inflation. The Fed needs to be careful with its policy of raising interest rates, …
U.S. commercial banks follow Fed’s lead and raise interest rates Read More »