Bank of Japan hikes interest rates to 30-year-high of 0.75%
THE Bank of Japan on Friday hiked interest rates to 0.75 per cent, marking the first increase since January and its highest level in 30 years. The bank decided by a unanimous vote to raise…
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Bank of Japan raises interest rates to 30-year high, signals more hikes
The Bank of Japan (BOJ) raised interest rates on Friday (Dec 19) to levels unseen in three decades and signalled its readiness for further hikes, taking another landmark step in ending…
BOJ raises interest rates to 30-year high, signals more hikes
It offers a slightly more upbeat view on the economy than at its previous meeting in October The Bank of Japan (BOJ) raised interest rates on Friday (Dec 19) to levels unseen in three…
ECB holds rates with growth firmer and inflation near target
Policymakers give no guidance on next steps, saying decisions will be made meeting by meeting on data The European Central Bank (ECB) left interest rates unchanged for a fourth straight…
Bank of England lowers rates after tight vote but signals caution about further cuts
Five MPC members vote to lower the benchmark rate for the fourth time in 2025 to 3.75% The Bank of England (BOE) cut interest rates on Thursday (Dec 18) after a narrow vote by policymakers…
Thai central bank proposes controls on gold trade, ready to cut rates further
The Thai central bank is calling on the finance ministry to control gold trading after a surge in transactions helped drive up the value of the baht, its governor Vital Ratanakorn said on…
Trump says next Fed chair will believe in lower interest rates ‘by a lot’
US President Donald Trump said on Wednesday the next chairman of the US Federal Reserve will be someone who believes in lower interest rates “by a lot.” “I’ll soon announce our next…
Bank Indonesia keeps rates steady, focuses on rupiah stability
The bank also leaves its deposit and lending rates unchanged at 3.75% and 5.50%, respectively Indonesia’s central bank held its policy rates unchanged for a third straight meeting on…
BOJ is set to raise benchmark rates to highest level since 1995
Japan’s first female prime minister has refrained from criticising Ueda’s plans to dial back monetary easing as she prioritises the inflation fight Governor Kazuo Ueda is widely expected…
Hong Kong IPO boom obscures sharp drop in underwriter fee rates
The booming overall pipeline means banks may be less inclined to cut fees to win business Investment banks are on track to take home their smallest slice of underwriting fees from Hong…
Gold rises as a divided Fed cuts rates; silver hits record high
Gold prices rose on Thursday (Dec 11) after the US Federal Reserve cut interest rates, even as policymakers remained split on the outlook for further easing next year, while silver notched…
US stocks close higher after Fed cuts interest rates
WALL Street ended higher on Wednesday, after the Federal Reserve cut interest rates by a quarter percentage point and signalled that it will likely put further rate cuts on pause for now…
Divided US Fed lowers rates by 25 bps, signals pause and one 2026 cut as growth rebounds
The pace of price increases has risen steadily from 2.3 per cent in April, above the Fed’s 2 per cent inflation target A sharply divided Federal Reserve cut interest rates on Wednesday but…
Home insurance rates have gone up for 6 million people. How climate change and Trump are making the affordability crisis worse
If your home insurance rate has spiked lately, you’re not alone. And President Trump’s policies could make it even more expensive. Since 2021, at least 6 million policyholders across the…
Australia’s central bank holds rates steady, signals no rush to hike
The mood among consumers, long stuck in the doldrums, has turned positive in a boost to the outlook for household spending Australia’s central bank on Tuesday (Dec 9) left its cash rate…
Australia’s central bank holds rates steady, rules out further cuts
Bond yields spike to a 13-month high after governor Bullock says that price risks have ‘tilted to the upside’ Australia’s central bank governor Michele Bullock called an end to a truncated…
SingPost raises standard domestic mail rates by S$0.10
The new prices are S$0.62 for standard regular mail and S$0.90 for standard large mail On Tuesday (Dec 9), Singapore Post (SingPost) announced a S$0.10 increase to its standard domestic…
Fed likely to trim rates again this week, but it could be a ‘hawkish’ cut
Futures markets are pricing in a near certainty that it will cut rates by another quarter of a percentage point, bringing them down to a range of between 3.5% and 3.75% THE US Federal…
Fed confronts 'hardest' decision on interest rates in final meeting of the year
The Federal Reserve faces a tough decision when it convenes Tuesday for a two-day meeting to determine whether to cut interest rates for a third consecutive time or hold off due to…
Ship rates spiking 467% marks upended trade across commodities
Freight rates have eased slightly from a peak at the end of November, but elevated costs are reverberating across the shipping market Rates to ship commodities from energy to bulk ores…
ECB’s Lagarde says interest rates are at correct level
Most officials have signalled they do not see a need to adjust borrowing costs when they meet in December The European Central Bank (ECB) is well positioned with borrowing costs currently…
South Korea keeps rates steady as FX risks limit easing scope
South Korea’s central bank kept interest rates unchanged as widely expected on Thursday as a tumbling won reduced the scope for further easing and policymakers waited to see how the…
JPMorgan flips forecast, sees Fed cutting rates in December
The Federal Open Market Committee, led by Chair Jerome Powell, meets in Washington on Dec 9 and Dec 10 Economists at JPMorgan Chase see the US Federal Reserve cutting interest rates next…
Global stocks rise after Wall Street surges on hopes for lower interest rates
Shares in Europe and Asia advanced on Wednesday after benchmarks on Wall Street surged on hopes the Federal Reserve will soon opt to cut interest rates. The future for the S&P 500 gained…