Category: rates
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Fed’s Bowman: not yet at the point where it is appropriate to cut rates
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We have not yet reached the point where it is appropriate to lower interest rates. If the data shows that inflation is moving sustainably to 2%, a gradual rate cut will eventually become appropriate. Baseline expectations remain that inflation will return to 2% with interest rates remaining steady for some…
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Economists say BoC could cut interest rates again in July if inflation keeps cooling
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Breadcrumb links BMN Business Article writer: Canadian Press Nujoud Al-Malis Posted on June 23, 2024 • 3 minutes read You can save this article by registering for free here. Or log in if you have an account. The sign indicates the Statistics Canada offices in Ottawa on July 21, 2010.…
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MUFG: BOJ likely to raise rates next month, MOF under pressure to intervene
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USD/JPY daily MUFG highlights the yen’s recent weak trend and expects the Bank of Japan to raise interest rates at next month’s meeting. At the same time, the Finance Ministry faces increasing pressure to intervene in currency markets to prevent the yen from further depreciating beyond critical levels. the main…
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European markets lower after BOE holds interest rates steady
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Da-kook/E+ via Getty Images London (United Kingdom) -0.30% UK retail sales rose 2.9% in May Germany (DAX:IND) -0.35% Manufacturing and service activities in Germany declined in June France (CAC:IND) -0.34% Preliminary France PMI readings show manufacturing and services activity declined in June; France’s manufacturing climate index reached 99 in June…
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BOE Kept Interest Rates Unchanged in June, Says August Decision Is A ‘Live’ One
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As expected, the Bank of England (BOE) kept interest rates steady at 5.25% in a 7-2 vote of the Monetary Policy Committee last June. In its official statement, the Bank of England acknowledged that annual inflation fell to 2% in May, but also noted that the consumer price index is…
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Mortgage rates drop for 3rd consecutive week on expectations of Fed rate cut
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June. November 20, 2024 at 12:17 PM ETXHP, ETP, MPPSPMB, CCM, VMBS, CMBS, LMBS, NAIL, JMBS, HOMZ, MTGP, JHMB, OWNSby: mary christine joy, SA News Editor Donnell shoe Mortgage rates fell for the third straight week on market expectations of future Fed rate cuts, according to a Freddie Mac primary…
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How has the BOE rates pricing changed after the inflation data today?
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Let’s just do a quick check of things based on current prices: August – 25 basis point rate cut: ~32% (previously ~46%) September – 25 basis points rate cut: ~80% (previously ~88%) Total interest rate cuts for the remainder of 2024: ~44 basis points (previously ~48 basis points) Prospects of…
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RBA Kept Its Rates At 4.35% And Highlighted Increased Inflation Risks
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As expected, the Reserve Bank of Australia (RBA) kept official interest rates at 4.35% for the sixth consecutive meeting in June. In its official statement, the Reserve Bank of Australia acknowledged that economic and wage growth had weakened, and that the unemployment rate had risen since its meeting in May.…
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Retail stocks search for direction as rates stay high By Reuters
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Written by David Randall and Louis Krauskopf NEW YORK (Reuters) – Rising U.S. interest rates are weighing on the U.S. retail sector, with several companies’ stocks hurt by months of tight monetary policy while the shares of a few companies rose. The consumer discretionary distribution and retail index is up…
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Citi sees the Fed, the ECB, and the BOE all cutting rates in September By Investing.com
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In its Global Economic Outlook, Citi economists said they expect the Federal Reserve (Fed), the European Central Bank (ECB) and the Bank of England (BOE) to cut interest rates in September. The bank said its forecasts aim to balance three main themes: resilient service sectors, persistent inflation above official targets,…
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BOJ Kept Rates Steady As Expected But Delayed Planning For The Reduction Of Bond Purchases To July
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As expected, the Bank of Japan (BOJ) refrained from making monetary policy changes in June after raising interest rates in March. In a unanimous vote, the target range for key short-term interest rates remained at 0.0%-0.10%. Link to the Bank of Japan’s June statement What markets did not expect was…
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Fed Held Rates As Expected, Trimmed Potential Cuts from Three Down to One this Year
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The Federal Open Market Committee (FOMC) maintained the target range for the federal funds rate at 5.25-5.50% as expected in its last announcement. Their official statement acknowledged this “There has been modest additional progress towards the committee’s 2% inflation target.” In recent months, which has been more optimistic compared to…
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Citi Research on India’s Rates and FX By Investing.com
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India’s unexpected election results have created a degree of political uncertainty, which may impact market sentiment in the short term. However, Citi Research stresses that this development is not significant enough to warrant immediate changes in its macroeconomic forecasts for growth and inflation. The Reserve Bank of India’s (RBI) Monetary…
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ECB Lowered Interest Rates by 0.25% as Expected in “Hawkish Cut”
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As expected, the European Central Bank cut interest rates by 25 basis points, but surprisingly dampened the prospects for further easing soon. Policy makers had a near unanimous vote to cut the deposit rate to 3.75% and the key refinancing rate to 4.25% as one dissenter (Holtzmann) wanted to keep…
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BOC Cut Its Rates to 4.75% in June and Hinted at Future Rate Cuts
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As expected, the Bank of Canada (BOC) cut interest rates by 25 basis points to 4.75% in June and became the first G7 bank to cut interest rates in four years. In the official statement, the Bank of Canada explained that preferred measures of core inflation have slowed and that…
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Dollar bounces off tow-month lows; ECB seen cutting rates this week By Investing.com
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Investing.com – The US dollar rose in early European trade on Wednesday, rebounding from two-month lows before more clues on future monetary policy emerged. At 03:40 EDT (08:40 GMT), the dollar index, which tracks the US currency against a basket of six other currencies, rose 0.2% to 104.265, after falling…
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Highlights for next week: Bank of Canada and ECB are expected to cut rates. US jobs report
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Two central banks meet next week and are expected to cut interest rates. The Bank of Canada will announce its interest rate decision at 9:45 a.m. on Wednesday. They are expected to reduce the interest rate to 4.75% from 5.0%. The last policy change was in July 2023 when they…
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British Businesses Face £42bn Debt Crisis Post Ultra-Low Rates Era
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UK businesses are bracing for a debt crisis as higher interest rates are expected to cost an extra £41.7bn by the end of the decade. As cheap loans expire, borrowing costs are expected to rise, significantly impacting the economy. According to consultancy Baringa, companies will face an average annual increase…
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Deficit warning: Yellen says higher rates make managing it harder
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Treasury Secretary Janet Yellen said expectations of higher long-term interest rates make it difficult to contain U.S. borrowing needs, making a revenue boost more important in negotiations with Republican lawmakers. “We raised interest rate expectations,” Yellen said Friday in an interview with Bloomberg News. “It doesn’t make a difference. It…