LONDON—The U.S. Federal Reserve will start raising interest rates from September 2022, economists at the country’s biggest bank said in a 2022 outlook note. JPMorgan expects the central bank to raise rates by 0.25 percent from the third quarter of next year and keep raising them by 25 basis points every quarter “at least until…
Bank of England Wrong-Foots Markets, Keeps Rates on Hold
LONDON—The Bank of England kept interest rates on hold on Thursday, dashing investors’ expectations for a hike that would have made it the first of the world’s big central banks to raise borrowing costs after the COVID-19 pandemic. The BoE kept alive the prospect of a move soon, saying it would probably have to raise…
Bank of Canada to Raise Rates in Third Quarter Next Year, Possibly Sooner: Poll
BENGALURU—The Bank of Canada will raise rates as early as the third quarter of next year, at least three months earlier than previously expected, according to economists polled by Reuters who see a risk that the increase could come even sooner. Just last month economists were almost evenly split on the risk of higher rates;…
Russia Needs to Raise Rates Further as Inflation at Highest Since 2016: Poll of Analysts
MOSCOW—Russia will need to raise interest rates further to combat stubbornly high inflation that overshot forecasts and shows little signs of slowing, a Reuters poll showed on Thursday. Russia’s export-focused economy has already recovered to pre-pandemic levels and is on track to grow further. But the recovery, together with global inflation and a weak rouble,…
Brazil Raises Interest Rates, Signals 3rd Big Hike Next Month
BRASILIA—Brazil’s central bank on Wednesday raised interest rates by 100 basis points and flagged a third straight hike of that size in October as it battles surging inflation with the world’s most aggressive monetary tightening. The bank’s rate-setting committee, known as Copom, decided unanimously to raise its benchmark rate to 6.25 percent as forecast by…
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