Category: rate

Bank of Japan Keeps Ultra-Low Rates, Dovish Policy Guidance

The Bank of Japan maintained ultra-low interest rates and dovish policy guidance on Thursday, reassuring markets that it will continue to swim against a global tide of central banks tightening monetary policy to combat soaring inflation. Here are some analysts’ views on the move and market reaction: Shigetoshi Kamada, General Manager—Research Department, Tachibana Securities, Tokyo…


Wall Street Slips on Aggressive Rate Hike Worries

Wall Street’s main indexes slipped for the third straight day on Monday led by declines in health care and energy stocks as investors worried that another massive interest rate hike by the Federal Reserve could tip the U.S. economy into a recession. Five of the 11 S&P 500 sectors were down in early trading. Health…


Goldman Sachs Steepens US Rates Outlook

SINGAPORE—Goldman Sachs expects a steeper path for U.S. rate rises and a 75 basis point hike this month, as Federal Reserve officials have been sounding hawkish recently, the investment bank’s analysts said in a note. They had previously forecast a 50 bps hike in September. The analysts also raised their November forecast from 25 bps…


Fed Officials See US Interest Rates Rising Further

U.S. Federal Reserve officials on Tuesday reiterated their support for further interest-rate hikes to quell inflation, with the influential chief of the New York Fed saying the central bank will likely need to get its policy rate “somewhat above” 3.5 percent and keep it there through the end of 2023. “I see us needing to…


Bank of Israel Makes Strongest Rate Hike in 20 Years to Cool Inflation

JERUSALEM—The Bank of Israel raised its benchmark interest rate on Monday by three-quarters of a percentage point, its biggest hike in two decades, and appeared on track for further increases as it tries to rein in inflation that has topped 5 percent. The central bank lifted its key rate to 2.0 percent from 1.25 percent,…


Fed’s George Says Pace, Endpoint of Rate Hikes Still Matter of Debate

The recent easing of U.S. financial conditions, including a surge in stock prices, may have been based on an overly optimistic sense that inflation was peaking and the pace of interest rate increases was likely to slow, Kansas City Federal Reserve President Esther George said on Thursday. In comments to a Kansas City economic group,…


Fed Officials Say More Rate Hikes Needed, Despite Slowing Inflation

Slowing U.S. inflation may have opened the door for the Federal Reserve to temper the pace of coming interest rate hikes, but policymakers left no doubt they will continue to tighten monetary policy until price pressures are fully broken. A U.S. Labor Department report Wednesday showing consumer prices didn’t rise at all in July compared…


BOJ Retains Easy Policy, Kuroda Shuns Chance of Near-Term Rate Hike

TOKYO—The Bank of Japan projected inflation would exceed its target this year in fresh forecasts issued on Thursday, but maintained ultra-low interest rates and signaled its resolve to remain an outlier in a wave of global central banks’ policy tightening. BOJ Governor Haruhiko Kuroda brushed aside the chance of near-term policy tightening, saying he had…


Russia Chops Key Interest Rate to Pre-Crisis Level of 9.5 Percent

Russia’s central bank cut its key interest rate to the pre-crisis level of 9.5 percent on Friday and kept the door open to further easing as inflation slowed while noting uncertainty related to external risks such as the Western embargo on Russian oil. Russia has been cutting rates since an emergency hike to 20 percent…


Japan Recorded Record Low Births, Biggest Ever Population Drop in 2021

TOKYO—Japan recorded a record low number of births in 2021, prompting the biggest ever natural decline in the population, government data showed on Friday. There were 811,604 births last year, the fewest in health ministry data going back to 1899. Deaths climbed to 1,439,809, leading to an overall drop of 628,205 in the population. The…