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Worldwide business news with international business, banking, interest rate, stock market, currencies and fund
Reuters |
Japan intervened in the currency market on Thursday to shore up the battered yen for the first time since 1998, in the wake of the central bank's decision to maintain ultra-low interest rates that have been driving down the currency.
Bloomberg |
They raised interest rates by 75 basis points on Wednesday for the third time in a row and forecast a further 1.25 percentage points of tightening before year end.
Bank of Canada |
The Bank of Canada today increased its target for the overnight rate to 3¼%, with the Bank Rate at 3½% and the deposit rate at 3¼%.
European Central Bank |
The Governing Council decided to raise the three key ECB interest rates by 75 basis points
Reserve Bank of Australia |
Board decided to increase the cash rate target by 50 basis points to 1.85 per cent. It also increased the interest rate on Exchange Settlement balances by 50 basis points to 1.75 per cent.
FEDERAL RESERVE SYSTEM |
Committee decided to raise the target range for the federal funds rate to 2-1/4 to 2-1/2 percent
Bank of Canada |
The Bank of Canada today increased its target for the overnight rate to 2½%, with the Bank Rate at 2¾% and the deposit rate at 2½%.
Reserve Bank of Australia |
Reserve Bank of Australia decided to increase the cash rate target by 50 basis points to 85 basis points. It also increased the interest rate on Exchange Settlement balances by 50 basis points to 75 basis points.
Bloomberg |
Surge in living costs has undermined President Biden’s support; Small majority of analysts expects a Ukraine rate increase
Bloomberg |
Consumer Price Index seen increasing 6.7% from a year earlier