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    US Fed set for further steep rate increase as recession fears loom

    30 Oct 2022

    The US Federal Reserve is pegged to make a fourth straight steep hike in the key interest rate this week as it battles surging costs, with its aggressive stance fueling expectations of a recession.

    UAE Central Bank raises base rate at 25 basis points

    04 May 2023

    This decision was taken following the US Federal Reserve Board’s announcement on Wednesday to increase the Interest on Reserve Balances (IORB) by 25 basis points.

    Global stock markets, US yields pull back as Fed rate hike looms

    26 Jul 2023

    Global shares and US yields edged lower on Wednesday as markets braced for what is expected to be the Federal Reserve’s 11th consecutive hike in interest rates aimed to reining in rising consumer prices. Traders expect that the Fed will announce a 25 basis point hike in rates later on Tuesday, taking the benchmark overnight

    Sticky UK inflation stokes Bank of England’s rate-cut debate

    14 Feb 2024

    British annual inflation steadied last month, official data showed on Wednesday, but prices still rose at double the Bank of England’s target rate, adding to uncertainty over the timing of an interest-rate cut. The Consumer Prices Index was unchanged at 4.0 per cent in January from December, when it had

    Global markets calm before US inflation data, forex slips

    10 Jan 2024

    Japanese stocks hit a 34-year high on Wednesday while global equities, the dollar and bonds held steady before US inflation data on Thursday. Bitcoin stabilised after spiking when an unauthorised post from the US Securities and Exchange Commission’s X account said it had approved bitcoin

    Taiwan’s central bank says still room for more interest rate cuts

    18 May 2020

    Taiwan’s central bank (CB) has room for further interest rate cuts, governor Yang Chin-long said on Thursday, but he cautioned economic growth could be less than 1% this year due to the impact of the coronavirus pandemic.

    Hungary CB keeps interest rates on hold, launches bond purchase

    29 Apr 2020

    Hungary’s central bank (CB) left interest rates on hold and said it would begin its bond-buying scheme and mortgage bond purchase on May 4 without any set target amount, to soften the economic impact of the novel coronavirus pandemic.

    India’s top bank hikes rates, hints more could come

    08 Feb 2023

    The Reserve Bank of India hiked its key repo rate by a quarter percentage point on Wednesday as expected but surprised markets by leaving the door open to more tightening, saying core inflation remained high. The central bank said that its policy stance remains focused on the withdrawal of accommodation, with four out of

    US Fed Reserve holds interest rate, sends hope

    15 Dec 2023

    The United States Federal Reserve, its central bank, did not increase the interest rate as it had done since 2022, in its December meeting, and the status quo — the existing interest rate of 5.25 per cent to 5.5 per cent — sent ripples of hope among economic analysts and businesses.

    Singapore ensures there is no deprivation

    28 Dec 2023

    Singapore government is perhaps the most fortunate compared to others because it can take a harsh measure and do it openly, explain the rationale, and people and other stakeholders accept it. The government has decided to hike sales tax by one per cent, from 7 per cent to 8 per cent from the

    31 Results