Category: rate

Exclusive: Bank of Mexico Deputy Governor Sees More Rate Hikes Coming

October 5, 2021
AmericasbankBanxicoBusiness & EconomyCompaniesdeputyEconomiesgovernorhikesJonathan HeathMexicorateWorld
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MEXICO CITY—The Bank of Mexico’s cycle of interest rate hikes is not yet over and one or two more increases are likely amid concerns about inflation, though any monetary policy moves will depend on incoming data, Bank of Mexico Deputy Governor Jonathan Heath said. Expressing concern about above-target inflation, Banxico, as the bank is known,…

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Fed’s Mester Repeats First Rate Hike Could Come at the End of 2022

October 2, 2021
Business & EconomyEconomieseconomyFedhikeLoretta MesterrateUSUS News
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NEW YORK—The Federal Reserve’s conditions for raising interest rates could be met by the end of 2022, Cleveland Fed Bank President Loretta Mester said on Friday, adding that she expects inflation to come back down to the central bank’s target next year. “I think we’ll see progress in the labor market and progress on inflation…

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Exclusive: Fed’s Harker Says Economy Close to Achieving Inflation Goal for Rate Hikes

October 2, 2021
Business & EconomyDistrict of ColumbiaEconomieseconomyFedhikesinflationLocal NewsPatrick HarkerrateRegional-Local NewsUSUS News
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The U.S. Federal Reserve may be close to meeting the inflation mandate set for raising interest rates, Philadelphia Fed Bank President Patrick Harker said, but it may be a year or longer before the central bank’s employment goal is met to allow for an actual rate increase. After running high this year because of the…

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Czech Central Bank Delivers Biggest Rate Hike in 24 Years to Battle Inflation Spike

September 30, 2021
bankBusiness & EconomycentralCNBCzechEconomiesEuropehikeinflationrateWorld
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PRAGUE—The Czech National Bank (CNB) raised its main rate by 75 basis points on Thursday, surprising markets with its biggest hike since 1997 and sending a signal it would not allow inflationary expectations to grow further amid a price spike. The Czech economy, like others around the world, is facing rising costs as it grapples…

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Bostic: US Near Full Employment Next Year, Rate Liftoff in 2022, Three Hikes in 2023

September 30, 2021
Business & EconomyEconomieseconomyemploymentFedfullRaphael BosticrateUSUS News
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WASHINGTON—Ongoing economic growth will push the U.S. to near full employment by the end of 2022, with interest rates beginning to rise that year and “no impediment” to a faster pace of rate hikes after that, Atlanta Federal Reserve bank president Raphael Bostic said Thursday. “I have the economy operating very strong … and nearing…

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Fed to Reveal New Projections With Investors on Alert for Rate Liftoff Timing

September 21, 2021
Business & EconomyEconomieseconomyFedinvestorsLiftoffMarket WatchprojectionsrateTimingUSUS News
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Federal Reserve officials will lay bare how soon and how often they think the economy will need interest rates rises over the next three years when they release new forecasts at their policy meeting on Wednesday, with investors on alert for a faster pace of tightening. The so-called “dot plot,” released quarterly, charts policymakers projections,…

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South Korea Jobless Rate Hits Record Low as Jobs for Public Sector, Part-Timers Grow

September 15, 2021
Asia & PacificBusiness & EconomyCompaniesEconomiesGrowjoblesslowpart-timerspublicrateSouth KoreaWorld
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SEOUL—South Korea’s August unemployment rate fell to the lowest on record, suggesting the economic recovery from the COVID-19 pandemic was on track, though a breakdown of data showed labour conditions in the key manufacturing sector remained weak. The seasonally adjusted unemployment rate in August dropped to 2.8 percent, Statistics Korea data showed on Wednesday, the…

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