Indonesia Central Bank Pushes RRR to 9% in September

Fourth EstateIndonesia Central Bank | Image by senjakelabu29 from Pixabay

Indonesia’s central bank announced on Tuesday that while it will be keeping interest rates low amid slow recovery, the reserve requirement ratio (RRR) for banks will be hiked aggressively to keep inflation at bay. Bank Indonesia (BI) Governor Perry Warjiyo …

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European Central Bank (ECB) Signals July, September Rate Hikes

Fourth EstateEuropean Central Bank (EUROSYSTEM)

The European Central Bank (ECB) is poised to raise its policy rate in July and September, President Christine Lagarde said in a blog post on Monday. “I expect net purchases under the [bond buy program] to end very early in …

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Philippines Begin Monetary Tightening With First Rate Hike Since 2018

Fourth EstateBangko Sentral ng Pilipinas (BSP)

The Philippine central bank raised its key interest rate for the first time since November 2018 as it follows many central banks around the world in normalizing policy to tame increasing inflationary pressures. The Bangko Sentral ng Pilipinas (BSP) hiked …

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ECB’s Centeno Eyes Rate Hike in Early July

Fourth EstateEuropean Central Bank (ECB)

European Central Bank (ECB) Governing Council member Mario Centeno said that the ECB should begin hiking interest rates in early July, along with a gradual tapering of stimulus. With inflation in the eurozone soaring up to 7.5% last month, well …

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Indonesia Central Bank Sees 7%-9% Loan Growth in 2022

Fourth EstateBank of Indonesia

Indonesia is expected to see more business loans this year as result of improving economic activity, central governor Perry Warjiyo said on Friday. Warjiyo told an online briefing that Indonesia’s strong economic recovery from the pandemic — GDP grew 5.1% …

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Bank of England Hikes Rates to 1%, Warns of 10% Inflation

Fourth EstateBank of England Hikes Rates to 1%, Warns of 10% Inflation

The Bank of England (BOE) has hiked its key interest rate to its highest level in 13 years amid soaring inflation. The central bank raised its policy rate from 0.75% to 1% on Thursday for its fourth consecutive hike. Costs …

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Reserve Bank of Australia Makes First Interest Rate Increase Since 2010

Fourth EstateMan sitting on the steps in front of the Reserve Bank of Australia - Alex Proimos

For the first time in more than 10 years, Australia raised its interest rate. Philip Lowe, governor of the Reserve Bank of Australia (RBA), said in a statement released today that the cash rate would be raised by 25 basis …

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Markets Stumble on Expected 50-Point Fed Rate Hike in May Meeting

Fourth EstateCrumpled US Dollar - Images Money

Markets have started showing jitters ahead of the Federal Reserve’s rate-setting meeting on Wednesday, with stock futures plunging to record lows on worries of a major hike in borrowing costs. Dow Jones Industrial Futures were down 19 points on Monday, …

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Bank of Korea Governor Nominee Flags Further Policy Tightening

Fourth EstateSouth Korean Won Stack - Javabell

South Korea’s central bank governor nominee Rhee Chang-yong had vowed to continue tightening monetary policy to tame inflation, although at a pace less aggressive than expected of the U.S. Federal Reserve. Rhee told parliament on Tuesday that while there are …

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