Hungary’s central bank (CB) left interest rates on hold and said it would begin its bond-buying scheme and mortgage bond purchase on May 4 without any set target amount, to soften the economic impact of the novel coronavirus pandemic.
The European Central Bank must be prepared to take the heat and raise interest rates further, including by more than the market expects, if that is needed to bring down inflation,
The Bank of England has announced its biggest interest rate increase in three decades as it tries to beat back stubbornly high inflation fueled by Russia’s invasion
The US Federal Reserve is pegged to make a fourth straight steep hike in the key interest rate this week as it battles surging costs, with its aggressive stance fueling expectations of a recession.
Federal Reserve Chair Jerome Powell’s efforts to cool down the economy are causing progressive criticism to heat up. He has been accused of wanting a “brutal” recession, trying to “throw millions of Americans out of work” and using “dangerous” rhetoric. And those are the comments of just one senator, Elizabeth Warren
On Wednesday, the United States Federal Reserve raised the interest rate by 0.75 per centage points following similar steep hikes earlier. Fed Reserve chairman Jerome Powell did not say whether they have reached the maximum point of rate hikes, though there was speculation that after this the rate hike would be in smaller measures of 0.50 percentage points.
The cake is shrinking. The UK is probably in recession, and, as the Bank of England predicted the other day, the misery will probably last until 2025, the longest such run of contraction in a century. As the new chancellor Jeremy Hunt has warned, the country now faces a “tough road ahead”. That’s putting it lightly.
Global shares and US yields edged lower on Wednesday as markets braced for what is expected to be the Federal Reserve’s 11th consecutive hike in interest rates aimed to reining in rising consumer prices. Traders expect that the Fed will announce a 25 basis point hike in rates later on Tuesday, taking the benchmark overnight
The US dollar slipped on Friday and was heading for its first weekly decline this month as traders dialled down bets on where interest rates may peak and brought
The Reserve Bank of India hiked its key repo rate by a quarter percentage point on Wednesday as expected but surprised markets by leaving the door open to more tightening, saying core inflation remained high. The central bank said that its policy stance remains focused on the withdrawal of accommodation, with four out of