BOJ leaning toward keeping rates steady next week, sources say
1 week, 4 days ago

BOJ leaning toward keeping rates steady next week, sources say

Live Mint  

* BOJ in no rush to hike as yen's rebound moderates price pressure * Void of renewed yen plunge, BOJ prefers to gauge more data * Trump risk, wage uncertainty favour standing pat - for now * BOJ to meet Dec. 18-19, Fed decision due hours before BOJ's By Leika Kihara TOKYO, Dec 12 - The Bank of Japan is leaning toward keeping interest rates steady next week as policymakers prefer to spend more time scrutinising overseas risks and clues on next year's wage outlook, said five sources familiar with its thinking. But overall, many BOJ policymakers appear in no rush to pull the trigger with little risk of inflation overshooting despite Japan's still near-zero borrowing costs, they said. Unless a renewed, rapid yen fall heightens inflationary pressure, many BOJ policymakers likely prefer awaiting information on whether firms will keep offering bumper pay hikes in next year's wage negotiations with unions, the sources said. If the Fed surprises by holding rates and triggers a dollar surge, that could pressure the BOJ to hike rates to slow any sharp yen selloff, the sources said.

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History of this topic

Over 90% of market players expect BOJ to keep rates steady this week, survey shows
6 days, 17 hours ago

Over 90% of market players expect BOJ to keep rates steady this week, survey shows

Live Mint  

TOKYO, - Over 90% of market participants expect the Bank of Japan to keep interest rates steady at this week's policy meeting, a survey by money market brokerage Ueda Yagi Tanshi showed on Tuesday. Of the total, 91% said they expect the central bank to keep short-term interest rates unchanged at 0.25% this week. Sources have told Reuters the BOJ …

EXCLUSIVE-BOJ leaning toward keeping rates steady next week, sources say
Trending News
1 week, 3 days ago

EXCLUSIVE-BOJ leaning toward keeping rates steady next week, sources say

Live Mint  

* BOJ in no rush to hike as yen's rebound moderates price pressure * Void of renewed yen plunge, BOJ prefers to gauge more data * Trump risk, wage uncertainty favour standing pat - for now * BOJ to meet Dec. 18-19, Fed decision due hours before BOJ's By Leika Kihara TOKYO, Dec 12 - The Bank of Japan is …

Fed Officials Keep Options Open for December Rate Decision
3 weeks ago

Fed Officials Keep Options Open for December Rate Decision

Live Mint  

-- Three Federal Reserve officials on Monday made clear they expect the US central bank to continue cutting interest rates over the next year, but stopped short of saying they are committed to making the next reduction later this month. Fed Governor Christopher Waller, addressing a conference in Washington, said he’s inclined to vote to lower borrowing costs when Fed …

A top Fed official leans toward December rate cut but says it depends on economic data
3 weeks ago

A top Fed official leans toward December rate cut but says it depends on economic data

Associated Press  

WASHINGTON — A top Federal Reserve official said Monday that he is leaning toward supporting an interest rate cut when the Fed meets in two weeks but that evidence of persistent inflation before then could cause him to change that view. But he noted that there’s a risk that inflation “may be getting stuck above” the Fed’s 2% target, which …

BOJ’s Ueda Says Rate Hike Getting Nearer With Wage Trend Key
3 weeks, 2 days ago

BOJ’s Ueda Says Rate Hike Getting Nearer With Wage Trend Key

Live Mint  

-- Bank of Japan Governor Kazuo Ueda said interest-rate hikes are “nearing” as inflation and economic trends develop in line with the central bank’s forecasts, helping strengthen the yen without explicitly supporting an increase in December. Japan’s currency had already gained nearly 1% earlier Friday as market bets on a December rate hike rose following data showing inflation in Tokyo …

Asian shares slip, yen aims for best week in 4 months on BOJ hike bets
Trending News
3 weeks, 3 days ago

Asian shares slip, yen aims for best week in 4 months on BOJ hike bets

Live Mint  

By Stella Qiu SYDNEY - Asian shares slipped on Friday while the yen was aiming for its best week in four months as strong local inflation data had traders favouring an imminent rate hike from the Bank of Japan. "We note that the acceleration in inflation, combined with the solid recovery in monthly activity, increases the odds of another BoJ …

It’s Reasonable to Consider Rate Cut Next Month, Fed’s Kashkari Says
3 weeks, 6 days ago

It’s Reasonable to Consider Rate Cut Next Month, Fed’s Kashkari Says

Live Mint  

-- Federal Reserve Bank of Minneapolis President Neel Kashkari said it is still appropriate to consider another interest-rate cut at the central bank’s December meeting. “It’s still a reasonable consideration,” Kashkari said Monday on Bloomberg Television in response to a question about whether policymakers should reduce borrowing costs by a quarter point at their last meeting of the year. “Right …

US Fed rate cut: First inflation uptick in 7 months does little for Powell-led FOMC’s December plans; here’s why
1 month, 1 week ago

US Fed rate cut: First inflation uptick in 7 months does little for Powell-led FOMC’s December plans; here’s why

Live Mint  

The US Federal Reserve will likely stay on course towards delivering another interest rate cut in its December policy meeting even after the latest inflation print revealed that consumer prices rose for the first time in seven months. Wall Street analysts say that October's inflation data "will change little for the US Fed'' when the Federal Open Market Committee will …

Japan hikes interest rates for only second time in 17 years to shore up yen and tame inflation
4 months, 3 weeks ago

Japan hikes interest rates for only second time in 17 years to shore up yen and tame inflation

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Japan’s central bank has hiked …

Bank of Japan to outline bond taper plan, debate rate hike timing
4 months, 3 weeks ago

Bank of Japan to outline bond taper plan, debate rate hike timing

Live Mint  

* BOJ concludes 2-day meeting, decision expected 0300-0430 GMT * Board to debate rate hike timing, July move likely close call * BOJ seen halving bond buying in 1.5-2 years' time in QT plan * Governor Ueda likely to brief media 0630 GMT By Leika Kihara TOKYO, - The Bank of Japan is expected to detail plans to taper its …

Bank of Japan to cut buying govt bonds
6 months ago

Bank of Japan to cut buying govt bonds

China Daily  

Pedestrians walk past the Bank of Japan building in Tokyo, Japan March 18, 2024. The Bank of Japan's recent announcement that it will reduce the scale of its long-term government bond purchases while leaving short-term interest rates unchanged is seen as a move toward monetary policy normalization by experts, who said it could alleviate some of the pressure on the …

Bank of Japan to scale down huge bond-buying programme
6 months, 1 week ago

Bank of Japan to scale down huge bond-buying programme

New Indian Express  

TOKYO: The Bank of Japan on Friday said it would trim its vast hoard of government bonds as it cautiously steps away from its long-running ultra-loose monetary policy. The central bank kept interest rates unchanged after a two-day meeting but announced plans to "reduce its purchase amount of JGBs thereafter to ensure that long-term interest rates would be formed more …

US Fed holds interest rates and pencils at just one cut this year
6 months, 1 week ago

US Fed holds interest rates and pencils at just one cut this year

Hindustan Times  

The US Federal Reserve left its key lending rate unchanged on Wednesday and penciled in just one rate cut this year, down from the three expected in March after inflation stalled in the first quarter. Kevin Dietsch/Getty Images/AFP The Fed voted unanimously to keep its benchmark interest rate between 5.25 and 5.50 percent, and said that "modest" progress had been …

Federal Reserve sees some progress on inflation but envisions just one rate cut this year
6 months, 1 week ago

Federal Reserve sees some progress on inflation but envisions just one rate cut this year

Associated Press  

WASHINGTON — Federal Reserve officials said Wednesday that inflation has fallen further toward their target level in recent months but signaled that they expect to cut their benchmark interest rate just once this year. The policymakers’ forecast for one rate cut was down from their previous projection of three cuts, because inflation, despite having cooled in the past two months, …

Inflation eases in May, but major relief on interest rates not coming soon
6 months, 1 week ago

Inflation eases in May, but major relief on interest rates not coming soon

LA Times  

Federal Reserve Chair Jerome H. Powell and his colleagues at the central bank have kept interest rates at a more than 20-year high to fight inflation. The Federal Reserve has raised interest rates to the highest level in more than two decades to fight inflation, and on Wednesday policymakers said the fight wasn’t over. “But we don’t see ourselves as …

Japan Post Goes Slow in Buying Longest Bonds After BOJ Rate Hike
6 months, 2 weeks ago

Japan Post Goes Slow in Buying Longest Bonds After BOJ Rate Hike

Live Mint  

Japan Post Insurance Co. is holding off from buying most domestic super-long bonds, due to concern that the central bank’s reduction of debt purchases may weigh on the market. “Yields on super-long-term bonds have risen to attractive levels,” said Hiroyuki Nomura, senior general manager of Japan Post’s investment planning department. A lack of clarity about the BOJ’s plan to reduce …

Mkt falls on valuation, global cues
9 months ago

Mkt falls on valuation, global cues

New Indian Express  

CHENNAI: Domestic equity market declined sharply on Wednesday with benchmark indices- BSE Sensex and NSE Nifty50 crashing more than 1% each because of high valuation concerns and sell-off in index heavyweights TCS, Infosys and Reliance and weak Asian cues after Japan’s central bank hiked interest rates after a gap of 17 years. While it is believed that the Fed would …

The Bank of Japan ends its negative interest rate policy, opting for its first hike in 17 years
9 months ago

The Bank of Japan ends its negative interest rate policy, opting for its first hike in 17 years

Associated Press  

TOKYO — Japan’s central bank raised its benchmark interest rate Tuesday for the first time in 17 years, ending a longstanding policy of negative rates meant to boost the economy. The negative interest rate policy, combined with other measures to inject money into the economy and keep borrowing costs low, “have fulfilled their roles,” Bank of Japan Gov. The ultra-lax …

RBA keeps interest rates on hold at 4.35pc but says 'it will be some time' before inflation within target band
9 months ago

RBA keeps interest rates on hold at 4.35pc but says 'it will be some time' before inflation within target band

ABC  

The Reserve Bank has left interest rates on hold amid signs that growth in the economy has dramatically slowed down following 13 interest rate rises since May 2022. The cash rate remains at 4.35 per cent, and while the central bank gave no clear indication of where it was headed next, saying it was "not ruling anything in or out", …

US inflation unexpectedly rises to 3.2%, dampening hopes of Fed's interest rate cuts in March
9 months, 1 week ago

US inflation unexpectedly rises to 3.2%, dampening hopes of Fed's interest rate cuts in March

Hindustan Times  

US consumer prices witnessed a surge in monthly and annual rates in February, as per the inflation figures issued by the Labour Department on Tuesday. The consumer price index, a frequently followed inflation indicator, climbed 3.2 percent annually in February and 0.4 percent last month alone. Since March 2022, the Fed has progressively raised interest rates through periodic adjustments, bringing …

Fed Not Looking At Slashing Interest Rates Anytime Soon, Says Raphael Bostic
10 months ago

Fed Not Looking At Slashing Interest Rates Anytime Soon, Says Raphael Bostic

ABP News  

The US is not yet ready to implement rate cuts, the Federal Reserve Bank of Atlanta President, Raphael Bostic, said earlier in the week. The official added that while the bank has succeeded in managing inflation pressures, persisting risks mean that they are not yet ready to decide on interest rate cuts. Addressing a gathering organised by the Money Marketeers …

Japan’s central bank keeps its negative interest rate unchanged, says it’s watching wage trends
1 year ago

Japan’s central bank keeps its negative interest rate unchanged, says it’s watching wage trends

Associated Press  

BANGKOK — The Bank of Japan kept its longstanding easy credit policy unchanged on Tuesday, saying it will watch price and wage trends before raising its negative benchmark interest rate. The central bank’s policy statement said that housing investment remained weak and government spending was flat. “With extremely high uncertainties surrounding economies and financial markets at home and abroad, the …

Reserve Bank leaves interest rates on hold in an early Christmas present for borrowers - but here's why Aussies with mortgages should be worried
1 year ago

Reserve Bank leaves interest rates on hold in an early Christmas present for borrowers - but here's why Aussies with mortgages should be worried

Daily Mail  

Australian borrowers have been warned to expect another rate hike even though the Reserve Bank has this month left interest rates on hold. The cash rate is already at a 12-year high of 4.35 per cent after the RBA last month raised rates for the 13th time in 18 months. KPMG chief economist Brendan Rynne said the Reserve Bank statement …

Fed’s Powell notes inflation is easing but downplays discussion of interest rate cuts
1 year ago

Fed’s Powell notes inflation is easing but downplays discussion of interest rate cuts

Associated Press  

WASHINGTON — Inflation is slowing steadily, but it’s too early to declare victory or to discuss when the Federal Reserve might cut interest rates, Chair Jerome Powell said Friday. Nor is it time to “speculate on when policy might ease,” Powell said, referring to the possibility of cuts in the Fed’s benchmark interest rate, which affects many consumer and business …

Fed leaves rates unchanged but hints at future hike
1 year, 3 months ago

Fed leaves rates unchanged but hints at future hike

The Telegraph  

The Federal Reserve has refrained from raising interest rates further from a 22-year-high, as it nears the end of its most aggressive inflation fight in decades. The decision will keep its benchmark rate at a target range of 5.25pc to 5.50pc, but Chair Jerome Powell warned it was too early to say the battle against inflation was won. He told …

Fed keeps rates unchanged but signals likelihood of another hike this year to fight inflation
1 year, 3 months ago

Fed keeps rates unchanged but signals likelihood of another hike this year to fight inflation

LA Times  

Inflation is still well above the Fed’s 2% target, and its policymakers made clear Wednesday that they aren’t close to declaring victory over the worst bout of inflation in 40 years. Yet it’s still well above the Fed’s 2% target, and its policymakers made clear Wednesday that they aren’t close to declaring victory over the worst bout of inflation in …

The Federal Reserve holds interest rates steady but hints at more action this year
1 year, 3 months ago

The Federal Reserve holds interest rates steady but hints at more action this year

NPR  

The Federal Reserve holds interest rates steady but hints at more action this year Enlarge this image toggle caption Saul Loeb/AFP via Getty Images Saul Loeb/AFP via Getty Images The Federal Reserve left interest rates unchanged Wednesday, but signaled that it's open to an additional rate hike, if necessary, to combat stubborn inflation. Sponsor Message Economic projections released Wednesday show …

Economy’s solid growth could require more Fed hikes to fight inflation, Powell says at Jackson Hole
1 year, 3 months ago

Economy’s solid growth could require more Fed hikes to fight inflation, Powell says at Jackson Hole

Associated Press  

JACKSON HOLE, Wyoming — The continued strength of the U.S. economy could require further interest rate increases, Federal Reserve Chair Jerome Powell said Friday in a closely watched speech that also highlighted the uncertain nature of the economic outlook. “We are prepared to raise rates further if appropriate and intend to hold policy at a restrictive level until we are …

Bank of Japan holds interest rates, makes yield control policy more flexible
1 year, 4 months ago

Bank of Japan holds interest rates, makes yield control policy more flexible

Live Mint  

The Bank of Japan kept its short-term interest rate target unchanged at -0.1% on Friday but also took steps to make its yield curve control policy more flexible. The central bank maintained guidance allowing the 10-year yield to move 0.5% around the 0% target, but said those would now be "references" rather than "rigid limits", Reuters reported. Meanwhile, earlier this …

Fed pauses interest rate hikes but signals more tightening ahead
1 year, 6 months ago

Fed pauses interest rate hikes but signals more tightening ahead

Firstpost  

The Federal Reserve has already lifted its benchmark lending rate by five percentage points since it began raising rates to fight inflation in March 2022. The US Federal Reserve voted Wednesday to pause its aggressive campaign of interest rate hikes despite “elevated” inflation while indicating a sharp increase could be needed before the end of the year. “Looking ahead, nearly …

US Fed holds interest rates steady, indicates hikes upcoming
1 year, 6 months ago

US Fed holds interest rates steady, indicates hikes upcoming

Al Jazeera  

Holding rates steady will allow Fed to assess information as it seeks to balance risk to economy and high inflation. In an effort to balance risks to the economy with a still unresolved fight to control inflation, “holding the target range steady at this meeting allows the committee to assess additional information and its implications for monetary policy,” the rate-setting …

New BOJ head says banks stable, rules out major policy shift
1 year, 8 months ago

New BOJ head says banks stable, rules out major policy shift

Associated Press  

TOKYO — The new governor of Japan’s central bank signaled Monday that he plans no drastic changes in its ultra-low interest rate policy, sticking to earlier messaging on the topic. Japan’s central bank is seeing its first leadership change in a decade, at a time when inflationary pressures around the world remain a risk and central banks are fighting back …

Lessons from the US bank crisis
1 year, 8 months ago

Lessons from the US bank crisis

Hindustan Times  

Last week ended with the United States Federal Reserve raising interest rates by 25 basis points once again, taking the cumulative rate increase to 4.75 percentage points in the current cycle. Had the latest federal open market committee meeting not been preceded by two bank failures and the possibility of a crisis in many others, the rate hike would have …

Federal Reserve delivers small rate hike amid recent financial turmoil in U.S.
1 year, 9 months ago

Federal Reserve delivers small rate hike amid recent financial turmoil in U.S.

The Hindu  

The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point, but indicated it was on the verge of pausing further increases in borrowing costs amid recent turmoil in financial markets spurred by the collapse of two U.S. banks. The move set the U.S. central bank's benchmark overnight interest rate in the 4.75%-5.00% range, with updated …

US Fed's Powell Sets The Table for Higher, Possibly Faster Rate Hikes
1 year, 9 months ago

US Fed's Powell Sets The Table for Higher, Possibly Faster Rate Hikes

News 18  

The Federal Reserve will likely need to raise interest rates more than expected in response to recent strong data and is prepared to move in larger steps if the “totality” of incoming information suggests tougher measures are needed to control inflation, Fed Chair Jerome Powell told US lawmakers on Tuesday. Democrats on the committee focused on the role high corporate …

Federal Reserve hikes interest rates 0.25 percentage point
1 year, 10 months ago

Federal Reserve hikes interest rates 0.25 percentage point

CBS News  

The Federal Reserve is raising its benchmark interest rate a quarter of a percentage point, officials with the central bank said on Wednesday, its eighth consecutive hike as policy makers try to subdue inflation. "Over the past year we have taken forceful actions to tighten the stance of monetary policy," Fed Chair Jerome Powell said in a press conference Wednesday. …

Nov inflation print provides impetus to end rate hike cycle: SBI economists
2 years ago

Nov inflation print provides impetus to end rate hike cycle: SBI economists

Live Mint  

The November inflation print of 5.88 per cent provides impetus to end the rate hike cycle, economists at the country's largest lender SBI said on Monday. The officiald ata showed that consumer price index based inflation cooled to 5.88 per cent in November, the first time that it has come within the RBI's target band this year. The economists termed …

Fed officials signal slower pace of interest rate hikes coming ‘soon’
2 years, 1 month ago

Fed officials signal slower pace of interest rate hikes coming ‘soon’

LA Times  

Federal Reserve Chair Jerome H. Powell explained in a post-meeting news conference signaled that the pace of interest rate increases would moderate going forward. Federal Reserve officials at their meeting earlier this month concluded that it would soon be appropriate to slow the pace of interest rate increases, signaling the central bank was leaning toward downshifting to a half-percentage-point hike …

US Fed official open to slower rate hike in December
2 years, 1 month ago

US Fed official open to slower rate hike in December

Live Mint  

After the US inflation slowed down in October, everyone was waiting for the reaction by US Federal Reserve and know how it will perceive the slowdown. On Wednesday, the Federal Bank Governor Christopher Waller provided the clearest signal and said the slowdown in inflation will allow the central bank to dial back the pace of interest. After four consecutive super-sized …

RBI May Opt For Small Rate Hikes As Inflation In October Eases: Report
2 years, 1 month ago

RBI May Opt For Small Rate Hikes As Inflation In October Eases: Report

ABP News  

The Reserve Bank of India is likely to opt for a 35 basis points rate hike at its policy meeting in December, after three consecutive 50 bps increases, as inflation eased in October and is likely to dip further, quoting analysts news agency Reuters said on Tuesday. Still, inflation eased to a three-month low of 6.77 per cent in October …

Jerome Powell expected to be quizzed on whether US Fed will slow hikes
2 years, 1 month ago

Jerome Powell expected to be quizzed on whether US Fed will slow hikes

Firstpost  

So far this year, the Fed has raised its key rate five times in an aggressive pace that has sent borrowing rates surging across the economy and heightened the risk of a recession. The home market, in particular, has been badly bruised as a consequence Washington: Looming over the Federal Reserve meeting that ends Wednesday is a question of intense …

US Federal Reserve raises key interest rate as recession fears mount
2 years, 3 months ago

US Federal Reserve raises key interest rate as recession fears mount

New Indian Express  

It was the third consecutive increase of 0.75 percentage point by the Fed's policy-setting Federal Open Market Committee, continuing the forceful action to tamp down inflation that has surged to the highest in 40 years. Soaring prices are putting the squeeze on American families and businesses and have become a political liability for President Joe Biden, as he faces midterm …

US Federal Reserve unleashes another big rate hike in bid to curb inflation
2 years, 4 months ago

US Federal Reserve unleashes another big rate hike in bid to curb inflation

Firstpost  

The central bank’s decision follows a jump in inflation to 9.1 per cent, the fastest annual rate in 41 years, and reflects its strenuous efforts to slow price gains across the economy Washington: The Federal Reserve on Wednesday raised its benchmark interest rate by a hefty three-quarters of a point for a second straight time in its most aggressive drive …

Fed attacks inflation with its largest rate hike since 1994
2 years, 6 months ago

Fed attacks inflation with its largest rate hike since 1994

Associated Press  

WASHINGTON — The Federal Reserve intensified its fight against high inflation on Wednesday, raising its key interest rate by three-quarters of a point — the largest bump since 1994 — and signaling more rate hikes ahead as it tries to cool off the U.S. economy without causing a recession. “We thought strong action was warranted at this meeting, and we …

Powell: Fed on track to slow aid for economy later this year
3 years, 3 months ago

Powell: Fed on track to slow aid for economy later this year

Associated Press  

WASHINGTON — The Federal Reserve will start dialing back its ultra-low-rate policies this year as long as hiring continues to improve, Chair Jerome Powell said Friday, signaling the beginning of the end of the Fed’s extraordinary response to the pandemic recession. Powell’s comments indicate the Fed will likely announce a reduction — or “tapering” — of those purchases sometime in …

Jerome Powell says Fed won’t raise rates on ’fear’ of inflation
3 years, 6 months ago

Jerome Powell says Fed won’t raise rates on ’fear’ of inflation

Live Mint  

The U.S. dollar remained on the back foot against major peers on Wednesday after a two-day drop as U.S. Federal Reserve officials including Chair Jerome Powell reaffirmed that tighter monetary policy was still some way off. It has now given up about a third of its sharp gains posted since last Wednesday, when the Fed surprised markets by signalling much …

The Fed’s new strategy could keep rates low for longer than you think
4 years, 3 months ago

The Fed’s new strategy could keep rates low for longer than you think

CNN  

New York CNN Business — The Federal Reserve announced a major strategy shift Thursday that will likely keep interest rates low for longer to let prices rise and jobs flourish. The new strategy, unexpectedly laid out in detail in a speech by Fed chief Jerome Powell, declares that the central bank will now seek to achieve inflation that average 2% …

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