An account of the debate at the Federal Reserve’s July meeting, to be released later this week, will likely provide clues as to what could push the central bank to tighten again in September. The decision by Fed officials at their July 26-27 meeting to raise their key interest rate for a second month in […]
Tag: Interest Rates
How the banks’ interest and organic income soared in the first half of the year
By Leonidas Stergiou A more detailed look at the results of the first semester is of particular interest. In the first half of the year, there was no increase in interest rates by the ECB, but, it should be recalled, a temporary increase in Greek bond yields and an increase in the euribor. The 3-month […]
HSBC: Recession in the eurozone is inevitable – End of the year the ECB will stop interest rate hikes
The European Central Bank will stop raising interest rates after the end of 2022 as the eurozone recession and deflating inflation lead to a reduction in monetary policy tightening, HSBC now estimates. A decline in Russian natural gas flows and the resulting increases in energy costs will drive inflation higher than expected to peak at […]
El Erian: Fed not going to change stance despite falling inflation
Investors should not take too much heart from signs of slowing inflation, as the Federal Reserve is unlikely to slow its rate hikes as the economy is still strong enough to withstand further monetary tightening, top economist Mohamed El Erian says . Speaking to CNBC, the Allianz chief financial officer and president of Queens College, […]
Mexico’s central bank raised its interest rates to an all-time high
Mexico’s central bank raised its key interest rate to a record high as inflation hovers at a 21-year high, but pulled back on a hawkish timetable for monetary tightening through the end of the year. Banxico, as Mexico’s central bank is better known, hiked interest rates for the second straight time by 75 basis points, […]
Fed: Possible rate hike easing
The effort to slow US inflation may have opened the door for the Federal Reserve to ease further rate hikes, but the bank’s policymakers have left no doubt that they will continue to implement a tight monetary policy policy, until the pressures from the price increases have fully subsided. A report from the US Labor […]
Evans (Fed): Limit rate hikes as inflation eases
Today’s report on the path of US inflation is the first “positive” development since the Fed began its policy tightening, Chicago Fed chief Charles Evans said today. The Fed member even now sees that the bank will limit the rate at which it raises its interest rates. In particular, as Mr Evans said speaking at […]
Banks: Decade of record loans and income – Strong demand for working capital and refinancing
By Leonidas Stergiou New loans in the first half of the year, which also include refinancing, reached the level of 16.9 billion euros, an increase of 52% compared to the corresponding period last year. At the same time, it is a decade-long record, as these levels were last seen in 2012, when the major deleveraging […]
Daly (FED): The inflation battle is far from over
San Francisco Fed President Mary Daly said a 50-basis-point rate hike is not locked in at the U.S. central bank’s next meeting, saying the U.S. Federal Reserve is “far from done yet.” with the reduction in inflation, as reported by Bloomberg. “Absolutely — and we have to be data-driven,” Daly said on CBS’ “Face the […]
Bowman (FED): To consider more rate hikes of 75 bp.
The U.S. Federal Reserve should consider more interest rate hikes of 75 basis points in upcoming meetings to reduce high inflation back to the central bank’s target, Fed Chair Michelle Bowman said on Saturday, according to Reuters. “I supported the Federal Open Market Committee’s (FOMC) decision last week to raise the federal funds rate by […]
