Key Points
The US Federal Reserve raised its benchmark lending rate on Wednesday to the highest level since 2001 to tackle above-target inflation, and signaled the possibility of further increases ahead..
The quarter percentage-point rise lifts the key lending rate to a range between 5.25 per cent and 5.5 per cent, the US central bank said, adding that it will "continue to assess additional information and its implications for monetary policy."..
The rate-setting Federal Open Market Committee (FOMC) used similar language when it voted to hold rates steady in June, and the latest statement suggests that policymakers are mulling another pause at their next meeting in September..
The latest quarter percentage-point rise, which was in line with analysts' expectations, is the Fed's 11th hike since it began an aggressive campaign of monetary tightening last March in response to rising prices. ..
US inflation remains "well above" the central bank's target of two percent, Federal Reserve Chair Jerome Powell said Wednesday, adding that it will take time to bring price increases back down..
You might be interested in
Central Bank of India Q3 results: Net profit surges 57% to ₹718 crore
19, Jan, 24Central Bank of India’s total income stood at ₹9,139 crore during the December quarter of FY24 against ₹7,636 crore in the same period of last fiscal year.
US central bank keeps interest rate unchanged, projects two hikes by end of year
14, Jun, 23The decision left the benchmark federal funds rate in a target range of 5% to 5.25%.
RBI continues battle against inflation; all eyes on possible rate cut in 2024
28, Dec, 23RBI Governor Shaktikanta Das, who is into the last year of his second three-year term at the helm of the central bank, has been steadfast in highlighting the need to get the inflation down to 4 per cent on a durable basis.
Interest rates to be at higher levels in FY24 as long as inflation is up
04, Mar, 23Credit rating agency Acuite Ratings and Research said the RBI will continue with monetary tightening and will hike the policy rate by 25 basis points
Benchmark 10-year bond yield falls to 7% level ahead of US Fed meet
04, May, 23With inflation likely to trend downwards from the current level, there’s a perception in the market that the RBI is unlikely to go for hike rates further in 2023.
Taiwan central bank unexpectedly raises rates, cuts GDP forecast
23, Mar, 23International Business News: Taiwan's central bank surprised the market by raising benchmark discount rates from 1.75% to 1.875%, with the move primarily motivated by inflation co
Economists see India’s first rate cut in 2024 for durable growth
31, May, 23India Business News: The Reserve Bank of India (RBI) is expected to keep interest rates on hold during its June meeting, according to Bloomberg survey results, as they foc
RBI likely to hike benchmark interest rate by 25 bps on April 6
02, Apr, 23Reserve Bank of India likely to hike benchmark interest rate by 25 bps on April 6. Monetary Policy Committee (MPC) of the Reserve Bank will be meeting for three days on April 3, 5 and 6
MPC: RBI keeps interest rates unchanged for second time in a row, lowers inflation forecast
08, Jun, 23The Reserve Bank of India has left interest rates unchanged for the second consecutive monetary review meeting, suggesting it is in no rush to address the cost of funds as the inflation trajectory is sliding, with lower inflation forecast for the fiscal year. The central bank cited adequate supplies and an unlikely demand push as tepid global growth boosted expectations of further easing in commodity prices.