Page 7 - Interest Rates

Monetary policy: RBI unlikely to cut interest rate on June 7, say experts

Reserve Bank of India (RBI) is unlikely to cut the benchmark interest rate at its upcoming monetary policy review meeting, taking place soon after the announcement of the Lok Sabha election results, amid inflation challenges, said experts. The Monetary Policy Committee (MPC) may also refrain from rate cut as economic growth is picking up, notwithstanding the elevated interest rate of 6.5 per cent (repo) prevailing since February 2023. The meeting of the Reserve Bank Governor Shaktikanta Das headed MPC is scheduled for June 5 to 7. The decision will be announced on June 7 (Friday). Results of the Lok Sabha elections will be announced on June 4. The central bank last hiked the repo rate to 6.5 per cent in February 2023 and since then it has held the rate at same level in its previous six bi-monthly policies. If the interest rate remains untouched again on June 7, it would be the eighth time for the RBI to maintain the status quo on the benchmark repo rate. On expectations from the J

Plenty of room for key interest rate reductions, says ECB's Villeroy

After a first rate cute next month that Villeroy described as a "done deal", debate among ECB policymakers remains open about how fast and far to keep easing after that

Consensus growing on rate cut as inflation diminishes: ECB's Panetta

Panetta has said inflation is showing a common underlying trend as it is declining in all major economic areas and that risks to financial stability have reduced

Crude oil falls more than $1 as Fed rate outlook stokes demand fears

"Fears of weaker demand led to selling as the prospect of a Fed rate cut became more distant," said analyst Toshitaka Tazawa at Fujitomi Securities

Gold hits record high at $2,438 as Fed rate cut bets burnish appeal

The dollar index remained subdued, making greenback-priced bullion more attractive to buyers holding other currencies

Why did Chris Wood of Jefferies sell his holding in HDFC Bank stock?

Calendar year 2024 (CY24) will be a good year for 'quality stocks and bonds', according to analysts at Morgan Stanley. Stocks, they said, have priced in a 'perfect landing' scenario

Cancelling credit card, uncluttering home: Top personal finance stories

Our top stories this week tell you about the procedure to cancel a card and the various storage solutions for your home

US Fed's NY prez Williams sees no current reason to change policy stance

Fed officials have pushed out expectations for the first interest-rate cut, emphasizing a need to keep borrowing costs elevated for longer amid disappointing inflation prints in the first quarter

ECB not in hurry to cut rates, should take measured steps after Jun: Kazaks

The ECB has all but promised a rate cut on June 6 so the discussion has shifted to how quickly its next move should come and what conditions must be met for more easing

Gold declines as traders await key US inflation data for more rate cut cues

Spot gold fell 0.7% to $2,342.95 per ounce by 1442 GMT. It had hit its highest level since April 22 on Friday

BoE moves closer to first rate cut since 2020, as second official backs cut

The BoE said on Thursday its Monetary Policy Committee voted 7-2 to keep rates at a 16-year high of 5.25% after Deputy Governor Dave Ramsden joined Swati Dhingra in voting for a cut to 5%

FTSE 100 hits record high, pound slips ahead of BoE interest rate verdict

The blue-chip FTSE 100 ended the session up 0.5%, notching a record high of 20,491.99 points

ECB grows confident about rates cut as inflation eases, say policymakers

Euro zone inflation stood at 2.4% in April and a crucial indicator of underlying price pressures slowed while the economy staged a small rebound

US Fed keeps key rates unchanged at 5.25%-5.5% for 6th straight meeting

Fed holds rates steady, flags 'lack of further progress' on inflation

US rates outlook, dollar clip emerging market local bond returns: Amundi

"That's obviously a big challenge these days as we have seen a repricing in rates," Strigo said during a media briefing, adding he now expected returns of around 5% in local fixed income

Russian central bank holds interest rates at 16%, raises inflation forecast

The decision was in line with a Reuters poll of economists, which had forecast that the persistence of inflation, fanned by strong consumer demand and widespread labour shortages

Japan's yen hits fresh 34-year low after BOJ holds interest rates

The yen also nudged down to its weakest almost 16 years at 167.38 per euro and its weakest in nearly a decade on the Australian dollar

Fed Chair Powell's US rates warning means headache for rest of the world

China doesn't have such inflation worries, but rise in the premium of US 10-year government bond yields over their Chinese equivalents to a record high has sparked concerns over depreciation of yuan

Morgan Stanley expects ECB to cut key interest rates by 75 bps in 2024

Last week, the ECB held interest rates at a record high on Thursday but signaled it could start cutting as soon as June

Interest rate cuts in India 'off the table' in FY24-25, says Morgan Stanley

The central bank seeks to ensure inflation aligns durably and sustainably to its 4 per cent target