LONDON, Aug 18 Reuters The Norwegian and New Zealand central banks this week both delivered yet more interest rate hikes and signalled further tightening is round the corner as policymakers globally race to get on top of runaway inflation. Central banks from the United States to Canada, Australia and Switzerland have lined up with aggressive […]

Aug 18 Reuters The Federal Reserve needs to keep raising borrowing costs to bring high inflation under control, a string of U.S. central bank officials said on Thursday, even as they debated how fast and how high to lift them. St. Louis Fed President James Bullard, who was among the central bank39;s earliest advocates last […]

Under pressure from Erdogan, bank cuts rate to 13 Last year39;s easing sparked currency crisis, stoked inflation Annual inflation hit 24year high of 79.6 in July Bank says it acted to preserve economic momentum, jobs ANKARA, Aug 18 Reuters Turkey39;s central bank shocked markets on Thursday by cutting its main interest rate by 100 basis […]

RBNZ hikes by 50 bps for 4th time in most aggressive tightening RBNZ warns of bringing forward hikes in hawkish tone; lifts NZD, hits bonds C.bank projects higher peak for rates to curb rising inflation Before latest hike, some economists were divided on tightening pace WELLINGTON, Aug 17 Reuters New Zealand39;s central bank on Wednesday […]

LONDON, Aug 5 Reuters Liz Truss, the frontrunner to be Britain39;s next prime minister, said on Friday that she would reform the economy and keep taxes low as she acknowledged a tough winter awaited the country. The most important thing is getting the economy going so we avoid a recession. And the businessasusual policies aren39;t […]

Key repo rate raised 50 bps to 5.40 Inflation seen above RBI tolerance level in Q2, Q3 Economists see more rate hikes in coming months MUMBAI, Aug 5 Reuters The Reserve Bank of India39;s key policy repo rate was raised by 50 basis points on Friday, the third increase in the current cycle to cool […]

LONDON, Aug 3 Reuters Major developed and emerging market central banks around the globe delivered nearly 1,200 basis points in interest rate hikes in July alone, ramping up their fight against multidecade high inflation with Canada surprising markets with an outsized move. Central banks overseeing five of the 10 most heavily traded currencies delivered 325 […]

SYDNEY, Aug 2 Reuters Australia39;s central bank on Tuesday raised interest rates for a fourth month running, but tempered guidance on further hikes as it forecast faster inflation but also a slowdown in the economy. Wrapping up its August policy meeting, the Reserve Bank of Australia RBA lifted its cash rate by 50 basis points […]

COPENHAGEN, July 21 Reuters  Denmark39;s central bank raised its key interest rate by 0.5 percentage points to minus 0.1 on Thursday, following a rate hike earlier in the day by the European Central Bank ECB. The interest rate increase is a consequence of the increase by the European Central Bank of its main monetary policy […]

Former economist Takata, exbanker Tamura join BOJ board Takata, bond market expert, replaces dovish member Kataoka New board members to hold briefing 0800 GMT Monday TOKYO, July 25 Reuters The Bank of Japan has reshuffled its board and brought in a new member seen as more keen to end ultralow interest rates than his dovish […]