MUMBAI (REUTERS) – The Reserve Bank of India (RBI) raised its key lending rate, or the repo rate, by 50 basis points on Friday (Aug 5) to 5.4 per cent, the third increase in as many months to cool stubbornly high inflation. With June retail inflation at 7 per cent, economists polled by Reuters had […]
SYDNEY (BLOOMBERG) – Australia’s central bank gave itself wriggle room to amend its interest rate path if the economic outlook deteriorates after implementing the sharpest policy tightening in a generation. “The board expects to take further steps in the process of normalising monetary conditions over the months ahead, but it is not on a pre-set […]
SYDNEY (REUTERS) – Asian shares made cautious gains on Thursday (July 28) as investors scented a possible slowdown in the pace of US rate hikes, lowering bond yields and restraining the US dollar. As expected, the United States Federal Reserve raised rates by 75 basis points to 2.25 per cent to 2.5 per cent but […]
SYDNEY (REUTERS) – Asian shares made cautious gains on Thursday (July 28) as investors scented a possible slowdown in the pace of US rate hikes, lowering bond yields and restraining the US dollar. As expected, the US Federal Reserve raised rates 75 basis points to 2.25-2.5 per cent but did note some softening in recent […]
SEOUL (REUTERS) – South Korea’s central bank on Wednesday (July 13) delivered a historic half-point interest rate hike to wrest control of inflation running at the fastest pace in 24 years. The Bank of Korea (BOK) raised its benchmark policy rate by 50 basis points to 2.25 per cent, the biggest increase since the bank […]
SEOUL (BLOOMBERG) – The Bank of Korea (BOK) is poised to raise its policy rate by half a percentage point for the first time next month to tame inflation that is at a decade high and shore up the won, according to trader expectations signalled by market rates. South Korea’s implied policy rate in six […]
SYDNEY (BLOOMBERG) – Government bonds extended a global rally as swirling concern that Federal Reserve interest-rate hikes will push the United States into recession sent investors scurrying for the safety of sovereign debt. US 10-year yields slipped as much as three basis points to 3.13 per cent in early Asian trading on Thursday (June 23) […]