Kenya’s central bank kept its benchmark rate unchanged as policymakers took a wait-and-see approach in assessing what impact energy shocks stemming from the Iran war will have on the economy and inflation.
Poland’s central bank kept interest rates on hold for a seventh month after the government cut fuel prices, easing inflationary pressures for the time being.
The Black Swan author Nassim Taleb warned that a pullback in demand for US Treasuries risks creating a fault line across markets, potentially hurting a record-beating stock rally.
Democratic Senator Elizabeth Warren issued a series of questions to Treasury Secretary Scott Bessent on what she dubbed “unprecedented and chaotic” interventions in the US Treasuries market.
Mexican companies are tapping the local bond market at a record clip as lower interest rates at home, looming maturities and a growing pool of institutional capital spur deals.
Mark Cabana, co-head of global rates strategy at BofA Securities, says markets and economies around the world are starting to see the bite of higher rates and that the Federal Reserve needs to keep hikes on the table. He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)
France's student protests took a breather on Wednesday after weeks of unrest, but market pressure on the French government intensified ahead of budget talks.
Will the mortgage rate rise change your plans to buy a house or move?The average cost of a five-year fixed-rate mortgage has hit the 6% barrier for the first time in three years.Figures from financial information provider Moneyfacts show the average is now 6.00%, its highest point since September 20
From street protests to a bond market rout, France’s multiple crises are threatening to drag the European Central Bank into the kind of faceoff with investors that it hasn’t seen since the euro area’s debt crisis more than a decade ago.
Peru’s central bank is expected to lift interest rates Wednesday for the first time in more than three years as inflation remains above target and heavy rains may hit food prices.
The European Central Bank’s existing monetary policy stance will allow officials to react to any shock, according to Governing Council member Primoz Dolenc.
Equity markets face a genuine rival in bonds for the first time in decades, according to Savita Subramanian at Bank of America Corp., who also cautioned that elevated investor sentiment leaves stocks more exposed to disappointment than upside.
Higher borrowing costs may be here to stay in India. With inflation pressures building from a weak monsoon, oil at $100 a barrel and a softer rupee, the RBI has begun tightening policy. Ruchi Bhatia explains why more rate hikes could follow. (Source: Bloomberg)
Kristalina Georgieva’s warning comes as Brent crude rises above $101 a barrelGood morning, and welcome to our rolling coverage of business, the financial markets and the world economy.The UK housing market has come to a standstill, ahead of the introduction of the government’s Your First Home scheme
Central banks should take some blame for the threat to their independence, according to a former senior official at the Bank for International Settlements.
RBI raised interest rates for the first time in nearly four years. Governor Sanjay Malhotra says given the current economic scenario, rate hikes are off the table in the near-term. (Source: Bloomberg)
Poland’s central bank is set to keep interest rates on hold for a seventh straight month as the government’s move to reduce fuel prices at the pump buys policymakers more time to assess inflation path.