INTEREST RATE HIKES
Incomplete transmission of policy rates could delay reversal of rate cycle by RBI RBI faces challenges in rate transmission due to incomplete hikes. Banks show varied transmission rates. Governor Das stresses effective transmission. Rate cuts may come post-October with clearer risk insights.
30 Jun, 2024, 05.44 PM ISTLatest NSC interest rate: Was National Savings Certificate rate hiked for July-Sept 2024 quarter?29 Jun, 2024, 02.12 PM IST US inflation cools in May, boosting hopes of Fed rate cut May's stable inflation, influenced by service costs and goods prices, sets the stage for potential Federal Reserve interest rate changes. The report highlights slight consumer spending growth and hints at the Fed's aim for a controlled economic slow...
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US weekly jobless claims drift lower Initial claims for state unemployment benefits dropped 6,000 to a seasonally adjusted 233,000 for the week ended June 22, the Labor Department said on Thursday. The claims data included last Wednesday's Juneteenth National Independence Day, a new ho...
27 Jun, 2024, 06.50 PM ISTAustralian shares fall as inflation data triggers rate hike worries Australian shares closed lower on Wednesday, dragged by declines in financial and mining stocks, as concerns about rate hikes heightened the risk of loan defaults and higher cost of capital.
26 Jun, 2024, 01.19 PM ISTPPF, SCSS, Sukanya Samriddhi interest in July-September 2024: Will govt hike interest rates of PPF, small savings schemes for next quarter? PPF, SCSS, Sukanya Samriddhi interest in July-September 2024: The government is likely to announce the interest rates of Public Provident Fund (PPF), Senior Citizen Savings Schemes (SCSS), National Savings Certificate (NSC), Sukanya Samriddhi Yojana...
25 Jun, 2024, 05.10 PM ISTIDBI Bank extends special FD deadline, hikes interest rate, adds new fixed deposit tenure The deadline for the Utsav Callable FD special deposit fixed deposit has been extended from June 30, 2024. Additionally, the bank raised the interest rate on some special FDs by five basis points and introduced additional tenure.
25 Jun, 2024, 01.34 PM ISTOil prices slip as rate hike worries come into focus Crude oil futures slid on Friday due to higher interest rates in Asia and the U.S., with Brent futures at $85.60 and U.S. crude at $81.20. Japan's core consumer prices rose by 2.5% from last year.
21 Jun, 2024, 08.26 AM IST9.75% FD interest rate: This bank hikes fixed deposit rates by up to 50 bps, now offers 'highest' FD rate in India Highest FD interest rate: After the hike, the bank is offering rates of up to 9.25% for the public and 9.75% for seniors. As per the bank's announcement, NESFB has raised the interest rate on fixed deposit products from 9.25% to 9.75%.
20 Jun, 2024, 11.26 AM ISTLatest SBI loan interest rates June 2024: State Bank of India hikes interest rates on these loans SBI loan interest rates June 2024: The State Bank of India (SBI) has hiked the marginal cost of funds-based lending rate (MCLR) on select tenures by 10 basis points (bps), making most consumer loans costlier for borrowers.
15 Jun, 2024, 11.23 AM ISTBank of Japan to trim bond buying, keeps rates steady Under Governor Kazuo Ueda, the Bank of Japan announced a tapering plan at its July meeting, aligning with previous decisions. The central bank's move towards normalising monetary policy comes amidst global central banks tightening policy to combat i...
14 Jun, 2024, 09.34 AM ISTEuropean Central Bank set to cut rates for the first time since 2019 even as inflation fight continues All 82 economists polled by Reuters expected the ECB to trim its deposit rate to 3.75% on Thursday from a record 4.0%, in what would be its first cut since 2019. ECB policymakers have clearly telegraphed their intention to lower borrowing costs afte...
06 Jun, 2024, 04.23 PM ISTTurkish inflation exceeds 75% but peak in sight Turkish inflation jumped above 75 percent in May, official data showed Monday, but officials expect consumer prices to have finally peaked in a cost-of-living crisis that has dogged President Recep Tayyip Erdogan. Turkey has been battling soaring co...
03 Jun, 2024, 04.04 PM ISTEuro zone inflation rises higher-than-expected in May just as ECB prepares to cut rates Euro zone inflation increased more than expected in May, reaching 2.6% year-on-year, nudging away from the European Central Bank's 2% target. Core inflation rose to 2.9%, with services sector prices up to 4.1%, driven by strong wage growth. The ECB ...
31 May, 2024, 03.40 PM ISTWhat is the latest SBI Sarvottam FD interest rate for May 2024, after State Bank of India hiked FD rates SBI Sarvottam term deposits were launched last year. Depositors will receive higher interest rates than conventional fixed deposits under this FD scheme.
29 May, 2024, 04.26 PM ISTRBI MPC meeting next week: What investors should expect The RBI's upcoming MPC meeting on June 7, 2024, is expected to maintain interest rates amidst a stable inflation scenario post Lok Sabha election results. The focus will be on global and domestic factors impacting the economy.
28 May, 2024, 09.00 AM ISTFed's Waller sees some progress on inflation, no rate hike needed Federal Reserve Governor Christopher Waller on Tuesday put a pin in speculation that interest rates may need to rise again, saying the latest inflation data is "reassuring" and the U.S. central bank's policy rate is set appropriately.
21 May, 2024, 07.32 PM ISTAre US interest rates high enough to beat inflation? The Fed will take its time to find out The sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation, several Federal Reserve officials have said in recent comments, suggesting there may be few, if any, rate cuts this year.
13 May, 2024, 06.54 PM ISTFed officials mull whether rates high enough as inflation expectations jump In an interview with Reuters, Atlanta Fed President Raphael Bostic said he still thought inflation was likely to slow under the current monetary policy and allow the central bank to begin reducing its policy rate in 2024 - though perhaps by only a q...
11 May, 2024, 09.26 AM ISTNavigating economic horizons: RBI's role in FY 2024-2025 RBI's nuanced approach in FY 2024-2025 balances growth, inflation, and stability. Expect cautious yet proactive policy rates. Strategic reserves, global index inclusion, and fiscal discipline shape India's economic landscape.
06 May, 2024, 03.34 PM IST