logo

Renju Jaya


✉ editorial@rttnews.com
Share

snb 031617 22sep22 The Swiss National Bank raised its key policy rate for the second straight meeting on Thursday, ending an era of negative rates to tame inflation that stays near a three-decade high. The central bank hiked the SNB policy rate by 0.75 percentage points to 0.5 percent, as expected. The second consecutive rate hike took the interest rate to the positive zone for the first time since early 2015.

The Swiss National Bank raised its key interest rate to positive territory on Thursday to counter the renewed rise in inflationary pressure. The central bank hiked the SNB policy rate by 0.75 percentage points to 0.5 percent, as expected. This was the second consecutive rate hike. The interest...

The Hong Kong Monetary Authority raised its benchmark rate on Thursday after the rate hike of the U.S. Federal Reserve. The Base Rate was adjusted upward to 3.50 percent with immediate effect according to a pre-set formula. On Wednesday, the Federal Reserve had raised the target range for the...

preview oct17 21sep22 The monetary policy announcements from the Bank of England and Swiss National Bank are the major events due on Thursday. The Monetary Policy Committee of the BoE is expected to raise the benchmark rate for the seventh straight month. Markets expect at least a 50 basis-point rate hike after the U.S. Federal Reserve raised its key rate by 75 basis points on Wednesday.

boj 031617 21sep22 The Bank of Japan maintained its ultra-loose monetary policy on Thursday despite the sharp weakening of the yen amid tightening stance adopted by its global peers. The policy board, governed by Haruhiko Kuroda, decided to maintain a negative interest rate of -0.1 percent on current accounts that financial institutions maintain at the central bank.

UK manufacturers reported a marginal fall in production in the three months to September but they expect a much sharper decline over the coming three months, monthly Industrial Trends Survey from the Confederation of British Industry and Accenture showed Wednesday. A net 4 percent of manufacturers...

The Reserve Bank of Australia will post a substantial accounting loss in the fiscal 2021/22 due to the bond purchase program implemented during the pandemic, Deputy Governor Michele Bullock said in a speech to Bloomberg on Wednesday. The bond purchase program broadly achieved its aims, Bullock said...

ukpublicfinance sept21 21sep22 The UK budget deficit exceeded the official estimate in August, despite a notable increase in tax revenue, as high inflation raised the debt servicing costs, data published by the Office for National Statistics revealed Wednesday. Public sector net borrowing excluding public sector banks declined to GBP 11.8 billion from GBP 14.4 billion last year.

Australia's economy is likely to lose momentum amid rising interest rates, falling commodity prices and cooling labor market, Westpac said Wednesday. The six-month annualized growth rate in the Westpac-Melbourne Institute Leading Index fell to -0.36 percent in August, from +0.49 percent in July....

preview oct24 21sep22 Public sector finance data from the UK is due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics is slated to issue UK public sector finance data for August. The budget deficit is seen at GBP 8.2 billion versus GBP 4.18 billion in July.

Follow RTT