BENGALURU, July 21 Reuters The U.S. Federal Reserve will opt for another 75 basis point rate hike rather than a larger move at its meeting next week to quell stubbornlyhigh inflation as the likelihood of a recession over the next year rises to 40, a Reuters poll of economists found. Inflation hit 9.1 in June, […]

All rates rise by 50 basis points Inflation to stay 39;undesirably39; high ECB backs 39;antifragmentation39; tool called TPI ECB 39;can go big39; on that, Lagarde says FRANKFURT, July 21 Reuters The European Central Bank raised interest rates by more than expected on Thursday as concerns about runaway inflation trumped worries about growth, even while the […]

Choice is between 25 bps and 50 bps rate hike Inflation uncomfortably high and rising ECB to approve 39;antifragmentation39; tool Decision at 1215 GMT, press conference at 1245 GMT FRANKFURT, July 21 Reuters The European Central Bank will raise interest rates for the first time in 11 years on Thursday with a biggerthanflagged move seen […]

NEW DELHI, July 18 Reuters Indian traders and shopkeepers will hold a nationwide protest next week against a hike in taxes on a range of products and services, including food grains and household items, that went into effect on Monday, a top official of a leading traders39; group said. The 5 tax on a range […]

LONDON, July 18 Reuters Bank of England policymaker Michael Saunders, who has backed a bigger interest rate rise than most of his colleagues, said Bank Rate could reach 2 or higher during the next year in order to curb inflation expectations after the recent surge in prices. The BoE has raised rates five times since […]

This includes content produced in Russia, where the law restricts coverage of Russian military operations in Ukraine. LONDONBRUSSELSMOSCOW, July 15 Reuters The European Union could ban the import and transit of some fuel oil from Russia around six months ahead of the planned deadline, an EU official and four traders told Reuters. The EU has […]

BOK rate decision meeting starts around 9 am local time on Wednesday July 11 Reuters South Korea39;s central bank will deliver its firstever 50 basis point rate rise to 2.25 on Wednesday, turning up the heat on a ratehiking campaign as inflation tops a 24year high and has yet to peak, a Reuters poll showed […]

BUDAPEST, July 7 Reuters Hungary39;s central bank raised its oneweek deposit rate by a whopping 200 bps to 9.75 on Thursday , acting on its pledge to support local financial markets and respond to rising inflation risks. The forint plunged on Wednesday to record lows past 416 versus the euro and Hungarian government bond yields […]

MUMBAI, July 6 Reuters India39;s central bank took a slew of measures on Wednesday to boost foreign exchange inflows, including allowing overseas investors to buy shortterm corporate debt and opening of more government securities under the fully accessible route. The steps came after the Reserve Bank of India39;s foreign exchange reserves fell by more than […]

SYDNEY, July 5 Reuters Australia39;s central bank on Tuesday raised interest rates for a third straight month and flagged more ahead as it struggles to contain surging inflation even at the risk of triggering an economic downturn. Wrapping up its July policy meeting, the Reserve Bank of Australia RBA lifted its cash rate by 50 […]