Polish central bank hikes interest rates by 100 basis points
... the previous month, which some commentators cited as the likely reason for an above-consensus upward move. The recent recuperation of the zloty from the initial war-related losses was believed to have reduced the chances of a bolder decision by the MPC . Before the developments, central bank governor Adam Glapinski declared his support for strong and fast monetary policy tightening in order to curb inflation and normalise the PLN exchange rate amid elevated risk aversion, pointing at a likely ...
Updated: 05/08/2022
Bank of England raises interest rates to tackle inflation
... Bank of England warned that the cost-of-living crisis could plunge the economy into a recession in 2023 as it increased interest rates to tackle the rising inflation expected to top 10% later this year. Threadneedle Street's monetary policy committee MPC voted to raise its base rate from 0.75% to 1%, lifting the cost of borrowing to the highest level in 13 years, as it sounded the alarm over the risks from Russia's war in Ukraine. The Bank said a quarter-point rise was necessary to block high inflation ...
Updated: 05/05/2022
ICICI Bank hikes interest rates by 40 basis points to 8.10%
... will provide an interest rate of 4.65 per cent and an interest rate of 4.75 per cent in case your FD matures in 2 years 1 day to 3 years. If your FD matures in 3 years 1 day to 10 years, the interest rate will be provided by the ICICI Bank . 40% of MPC meet 'off-cycle' requirements.
Updated: 05/05/2022
Bank of England poised to raise interest rates to highest level since 2008
... 's 2% target for consumer prices could be reached by the end of the year, according to experts. Central banks around the world have started raising rates to combat high inflation. Analysts said that the Bank of England's monetary policy committee MPC was set to vote for its fourth consecutive rate rise since it began increasing borrowing costs in December for the first time since the Covid epidemic. A rise in rates to 1% would allow the Bank to sell its 875 billion portfolio of UK government ...
Updated: 05/05/2022
RBI surprises the market with 40 basis points hike
... surprise that there is only one data point of high CPI inflation in March that is available from the last policy. The Ukraine war has an impact on prices of several commodities due to supply disruptions. It does look like the monetary policy committee of MPC has turned its attention to inflation, which is expected Business Standard has always tried to provide up-to-date information and commentary on developments that are of interest to the country and the world, and have wider political and economic ...
Updated: 05/05/2022
More interest rate hikes likely in June and August, says SBI
... Ecowrap stating that there are likely to be hikes in June and August. This was after the RBI announced a rate hike of 40bps, taking the benchmark interest rates to 4.40 per cent. This is the first rate hike since August 2018 and the first instance of the MPC making an unscheduled increase in the repo rate. The CRR cash reserve ratio was increased by 50 basis points to 4.5 per cent from May 21. The report said that the rate cycle has made a U-turn and RBI is likely to increase the rates to reach the pre-pandemic ...
Updated: 05/05/2022
BOE set to announce interest rate hike on Thursday
... professor at King's College London, said he would vote for a quarter point hike. Markets and economists are convinced that the BOE will respond to that challenge this month by hiking rates for a fourth straight meeting to 1%, but predictions of the way MPC will split highlights disagreement between officials about how much monetary tightening is needed and when. The most popular prediction among economists is to see a repeat of March 8 -- 1 vote to hike by 25 basis points. More than 30% of policy members ...
Updated: 05/05/2022
RBI hikes interest rates, WPI to double inflation
The RBI has decided to tighten money supply and raise policy rates in an out-of- cycle meeting of the Monetary Policy Committee MPC. The RBI has also preemptively responded to the Fed's increasingly hawkish stance, with the Fed is preemptively urged to hike US policy rates this week. The RBI has decided to tighten money supply and raise policy rates in an out-of- cycle meeting ...
Updated: 05/05/2022
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