Category: hikes
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BOJ’s Tamura says expects a gradual path for interest rate hikes
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Bank of Japan Board Member Naoki Tamura delivers a speech. Japan’s neutral interest rate is likely to be around 1% at least. The road to ending the easing policy is still very long We will carefully consider the pros and cons of getting out of the easy policy. Short-term interest…
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BOJ’s Tamura says expects a gradual path for interest rate hikes
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Bank of Japan Board Member Naoki Tamura delivers a speech. Japan’s neutral interest rate is likely to be around 1% at least. The road to ending the easing policy is still very long We will carefully consider the pros and cons of getting out of the easy policy. Short-term interest…
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Business confidence wanes amid fears of energy tax hikes
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The UK Offshore Energy Authority has warned that a windfall tax increase on UK oil and gas companies could undermine the government’s goal of boosting economic growth. The group warned that the planned tax increase could depress investment, costing the UK economy £13bn between 2025 and 2029 and putting 35,000…
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IMF chief economist says Bank of Japan rate hikes a good development for Japan
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The Bank of Japan could continue to raise interest rates gradually at a “data-dependent” pace, IMF chief economist Pierre-Olivier Gourinchas told Reuters in an interview at the annual Jackson Hole Economic Symposium on Friday: Inflation is above the bank’s 2% target. Inflation expectations have started to move “perhaps even slightly…
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Asia FX firms with Powell in focus; yen rises as BOJ’s Ueda talks rate hikes By Investing.com
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Most Asian currencies rose on Friday as the dollar’s recovery slowed ahead of a highly anticipated speech by Federal Reserve Chairman Jerome Powell, where he is expected to provide further signals on interest rate cuts. The Japanese yen was the best performer in Asia, extending a rally seen earlier this…
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Australian regulator hikes ANZ’s capital requirements after bond trading misconduct By Reuters
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Australia’s prudential regulator said on Friday it had increased ANZ Group’s additional capital requirement to A$750 million ($502.73 million), stepping up its regulatory oversight after the bank recently admitted to providing incorrect bond trading data. The move by the Australian Prudential Regulation Authority (APRA), which represents an A$250 million increase…
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Pret A Manger leads high street coffee price hikes with 51% increase over five years, Greggs remains most affordable
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Pret A Manger has revealed it is the leading coffee chain with the biggest price increases over the past five years, with the cost of its most popular drinks rising by an average of 51%. According to research by Stocklytics, the price of Pret’s Americano coffee has seen the biggest…
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Unwinding of carry trade roadblock for BoJ hikes but not Fed cuts
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Investing.com – The recent sharp rise in the yen, as a result of the unraveling of the “yen carry trade,” may be a barrier to further increases by the Bank of Japan, but not a barrier to Federal Reserve cuts, Goldman Sachs analysts said. At 07:00 ET (11:00 GMT), the…
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Yen dives as BOJ plays down chance of hikes, soothing markets By Reuters
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By Hannah Lang and Harry Robertson NEW YORK/LONDON (Reuters) – The yen fell on Wednesday after a senior Bank of Japan official played down the chances of a near-term interest rate hike, calming investor concerns that any further rise in the Japanese currency could rattle global markets again. The yen…
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Asia FX muted as dollar steadies; yen tumbles as BOJ downplays rate hikes By Investing.com
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Most Asian currencies fell on Wednesday as the dollar regained more ground after recent declines, while the yen fell sharply after Bank of Japan officials downplayed expectations of a rate hike. Sentiment towards regional markets remained fragile, especially after concerns about a recession in the United States caused risk-oriented assets…
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Asia stocks extend gains, yen retreats after BOJ talks down rate hikes By Reuters
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By Wayne Cole and Stella Chiu SYDNEY (Reuters) – Asian stock markets extended gains on Wednesday, led by a rebound in the U.S. dollar after the Bank of Japan unexpectedly signaled it was unwilling to raise interest rates again amid volatile markets, sending the yen sharply lower. The Nikkei rose…
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Yen choppy after BOJ hikes, Aussie struggles as RBA cuts eyed By Reuters
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Written by Ray Wee SINGAPORE (Reuters) – The yen swung between gains and losses on Wednesday after the Bank of Japan raised interest rates at the end of its two-day policy meeting and unveiled a detailed plan to scale back its massive bond-buying programme. The yen rose about 0.8% to…
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Fed rate hikes finally squeeze these parts of the economy
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In the year since the Federal Reserve raised interest rates to their highest levels in more than two decades, the central bank has succeeded in easing the pressure on the overheating U.S. economy. But the rise in borrowing costs has also had some unexpected effects. High-income households reap the benefits…
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‘Several’ Fed officials want more rate hikes if inflation persists, minutes show By Investing.com
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The Federal Open Market Committee released the minutes of its latest meeting, which highlighted that the vast majority of participants said that U.S. economic growth is gradually slowing. “The vast majority of participants considered that growth in economic activity appears to be gradually slowing, and most participants indicated that they…
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UK Payment Regulator Faults Visa and Mastercard for Fee Hikes
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The UK’s payments regulator has raised concerns about sharp increases in fees charged by Visa and MasterCard to retailers, highlighting a lack of competitiveness in the payment card market, Reuters reported. Despite the significant increase in fees, there is little evidence that these costs have led to improved services. Consequently,…
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UK Payment Regulator Faults Visa and Mastercard for Fee Hikes
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The UK’s payments regulator has raised concerns about sharp increases in fees charged by Visa and MasterCard to retailers, highlighting a lack of competitiveness in the payment card market, Reuters reported. Despite the significant increase in fees, there is little evidence that these costs have led to improved services. Consequently,…
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US dollar dips vs yen after Fed’s Waller rules out rate hikes again By Reuters
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By Gertrude Chavez-Dreyfus and Stefano Ribaudo NEW YORK/MILAN (Reuters) – The U.S. dollar fell against the yen on Tuesday in a volatile session after Federal Reserve Governor Christopher Waller reiterated that raising interest rates is unlikely at this stage because inflation appears to be on track to meet the central…
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Oil edges higher on renewed Middle East tensions, Saudi price hikes (NYSEARCA:USO)
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Slavko Sereda/iStock via Getty Images Crude oil recovered part of the heavy losses incurred last week, with the Middle East risk premium returning to the market as Israel prepares to launch a military attack on the city of Rafah, located in the far south of the Gaza Strip, where hundreds…