The world’s central banks are halting interest rate cuts as inflation picks up from Indonesia to Canada.
“There’s a very clear concerted change in tone from just about every central bank you can think of,” said Kevin Gaynor, head of economics and rate strategy at Royal Bank of Scotland Plc in London. “They’re really very keen [...]
Chile’s central bank will probably raise the benchmark lending rate for the sixth time in the past 12 months as policy makers seek to slow the fastest inflation since 1994.
Central bank President Jose de Gregorio will increase the overnight rate by a quarter percentage point to 6.50 percent, according to 12 of 24 forecasts in [...]
However, Whitney was proved correct: Citigroup pushed out its CEO, sought foreign investors and slashed its dividend. Her comments now carry added weight on Wall Street, and she has a new warning for ordinary Americans: The crisis in credit markets is far from over, and it increasingly will affect consumers.
“In fact, we believe that what [...]
The U.S. mortgage market will recover slowly from a wave of bad loans that threw financial markets into crisis and the lending system will need repairs, Federal Reserve Governor Randall Kroszner said on Thursday.
“Recovery in the mortgage market will take time and will require more market and regulatory discipline,” Kroszner said in remarks to the [...]
 Mexico’s peso will rally through June on speculation the Federal Reserve will keep the benchmark U.S. lending rate at 2 percent this year, helping maintain the yield advantage of Mexican assets, Citigroup Inc. said.
The peso will rise to 10.3 against the dollar by June, Joel Virgen, an economist at Citigroup’s Banamex unit in Mexico City, [...]
Colombia’s peso bonds rose the most in three weeks after central bankers signaled they’re concerned about an economic slowdown, fueling speculation they may hold off from raising interest rates in coming months.
The central bank left the benchmark overnight rate at a six-year high of 9.75 percent today and said in a statement after the meeting [...]
The risk of Australian companies defaulting on their debt will stop a record plunge this year as the nation’s rising interest rates and slowing U.S. economy stoke concern that company profits will fall, UBS AG said.
Australia’s benchmark credit-default swap index, which comprises 25 companies including Qantas Airways Ltd. and Macquarie Group Ltd., has decreased as [...]
The Bank of Israel on Monday left its benchmark lending rate unchanged at a record low following two months of cuts after the inflation rate rose to the highest in almost two years.
The rate charged to commercial lenders will remain at 3.25 percent, the bank said.
All 18 economists surveyed by Bloomberg had forecast the rate [...]
BORROWERS on low-document loans have borne the worst of the impact of the financial crisis, a senior Reserve Bank official has said, even though the loans were of much higher credit quality than their US equivalents.
The comments came as a separate study by Reserve Bank researchers spotlighted the economic sectors most at risk from rising [...]
Mexico’s peso-denominated bonds were little changed, with the yield on the benchmark security close to a four-month high, on speculation quickening inflation will prompt central bankers to raise lending rates this year.
Yields on benchmark bonds have climbed 0.10 percentage point since Banco de Mexico raised its inflation forecast for this year on April 30, citing [...]
