Central banks in the US, euro zone and the UK are done raising interest rates for now, but their peers across Europe’s north aren’t so sure. On Thursday, Sweden’s Riksbank could deliver yet another quarter-point salvo, taking its key rate to 4.25% to fight inflation or not, depending on who you listen to. Economists and … Read more
Benchmark 10-year U.S. Treasury yields rose to 16-year highs on Thursday, a day after the Federal Reserve surprised investors by flagging the potential for an additional rate hike, and an expectation for fewer cuts next year. The U.S. central bank held interest rates steady, as was widely expected, and said that its benchmark overnight interest … Read more
The 0.25 per cent hike in interest rates by the US Fed was on expected lines, analysts said on Thursday, expecting its Indian counterpart to take a balanced view in its policy formation going forward. Naveen Kulkarni, chief investment officer of Axis Securities PMS, said the action in the US was on expected lines and … Read more
“The target or the goalpost is 4% and of course you have that leeway of give or take 2%. So on that yardstick, definitely you are within the realms of the reach but clearly if you pinpoint the bull’s eye, you are some distance away,” says Lakshmi Iyer, Kotak Investment Advisors.An extended announcement or policy … Read more
“You had two large blocks of economy which were artificially slowed down and obviously we had a significant rate hike in US which also created some bit of slowdown in that segment. I think as we go forward one year, China will continue to get normalised and provide some global growth,” says Anand Shah, ICICI … Read more
The US Federal Reserve is widely expected to raise its benchmark lending rate for a tenth — and possibly final — time on Wednesday, as it continues its fight against high inflation. The US central bank is likely to take this decision despite growing signs that the American economy is slowing down, with many economists … Read more
The ongoing instability of the world banking sector will urge central banks to go slow on aggressive monetary policy. We can expect the rates to peak in the next couple of months.And the world economy and stock market will take it with open arms. Generally, it is a good development, preaching out the probability of … Read more
The November inflation print of 5.88 per cent provides impetus to end the rate hike cycle, economists at the country’s largest lender SBI said on Monday. This came hours after official data showed that consumer price index (CPI) based inflation cooled to 5.88 per cent in November, the first time that it has come within … Read more
Australian inflation raced to a 32-year high last quarter as the cost of home building and gas surged, an alarming result that will stoke pressure for a return to more aggressive rate hikes by the country’s central bank. Data from the Australian Bureau of Statistics on Wednesday showed the consumer price index (CPI) jumped 1.8% … Read more
NEW DELHI: Sovereign bonds enjoyed strong buying support on Wednesday despite a 50-basis point rate hike by the Reserve Bank of India as the central bank refrained from further whittling down the liquidity surplus in the banking system through a fresh hike in the cash reserve ratio, dealers said. The rise in bond prices on … Read more