inflation

 
 

Indonesia signals no more rate cuts as inflation risks rise

JAKARTA, Jan 19 — Indonesia’s central bank signaled the end of monetary policy easing as it focuses on inflation risks, such as rising food and oil costs. After keeping the benchmark interest rate at 4.25 per cent — as forecast by all 24…


Tide of money drowns out HK property warning by central banker

HONG KONG, Jan 19 — Why are official warnings of the threat that rising interest rates pose to Hong Kong’s red-hot housing market falling on deaf ears? The Hong Kong Monetary Authority and the International Monetary Fund have both…


Hong Kong’s Red-Hot Home Market Set to Defy Rate Hikes

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(Jan 19): Why are official warnings of the threat that rising interest rates pose to Hong Kong’s red-hot housing market falling on deaf ears? The Hong Kong Monetary Authority and the International Monetary Fund have both highlighted the risks. But three Federal Reserve rate increases forecast for this year won’t stop prices from climbing, according to analysts at firms including JPMorgan Chase & Co. and Union Bancaire Privee. Prices already jumped 22 percent as the Fed raised rates five times from December 2015. On the face of it, the warnings make sense. HouseholdRead More


Venezuela currency rout hits new milestone at 200,000 per US dollar

CARACAS, Jan 19 — Venezuela’s currency crossed a new barrier this week as hyperinflation exploded and Nicolas Maduro’s government readied a cryptocurrency issuance next month. The rate in the black market — where most Venezuelans acquire…


Indonesia central bank holds rates, to accelerate reserve rules

JAKARTA, Jan 19 — Indonesia’s central bank yesterday kept its key interest rate unchanged, as expected, but pledged to accelerate planned changes of rules on reserve requirements, to give banks more liquidity and encourage them to invest money….


US jobless claims hit 45-year low as labour market tightens

WASHINGTON DC, Jan 18 — New claims for US unemployment benefits fell to their lowest level in nearly 45 years last week, a fresh sign of the increasingly tight American labour market, according to weekly data released today. The figures,…


Most Asians currencies slip as dollar edges off three year low

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A Singapore dollar note is seen in this illustration photo May 31, 2017. — Reuters pic SINGAPORE, Jan 18 — Most Asian currencies weakened today, with the dollar gaining after European Central Bank officials voiced concerns about euro strength and Apple Inc said it planned to repatriate billions of dollars to the United States. The dollar index against a basket of six major currencies was up 0.3 per cent at 90.840, getting some respite after slipping to three-year lows.  The euro nursed losses today, after slipping overnight on ECB policymakerRead More


SERC sees ringgit at 3.8 by end-2018 as Malaysia readies for OPR hike

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KUALA LUMPUR: The ringgit is projected to trade between 3.8000 and 3.9000 against the US dollar by end-2018, amid stronger crude oil prices and as Malaysia raises its key interest rate, according to Socio-Economic Research Centre (SERC) executive director Lee Heng Guie. In fact, Lee expects the central bank to raise rates as early as next week, when the monetary policy committee meets for the first time this year. “Looking at the current economic environment, it is ready for a monetary policy review. Although the economic growth is expected toRead More


Most Asian currencies slip as dollar edges off three year lows

SINGAPORE, Jan 18 — Most Asian currencies weakened today, with the dollar gaining after European Central Bank officials voiced concerns about euro strength and Apple Inc said it planned to repatriate billions of dollars to the United States….


Bank of Canada raises benchmark interest rate to 1.25pc

OTTAWA, Jan 18 — The Bank of Canada raised its benchmark interest rate by 25 basis points to 1.25 per cent yesterday, pointing to sustained growth in the G7 economy and inflation that is closer to the country’s target. The central bank…