Latest News for: Rate rises

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BOJ’s public relations crisis forces rethink on inflation message

FX Empire 30 Jun 2022
TOKYO (Reuters) – Japan’s central bank has stumbled into a rare public relations storm that has dragged debate about its ultra-low interest rates out of sterile boardrooms and into tabloid and social media, amid surging household ire over rising living costs ... That’s because inflation is rising for the wrong reasons.
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Gold Daily Analysis: Recession or Not, We Are Raising Rates

FX Empire 30 Jun 2022
Although the chairman tempered fears of a recession by saying that the economy is “in pretty strong shape” and will be able to cope with tighter credit conditions while avoiding a recession or even a significant rise in the unemployment rate he added one major caveat.
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UPSTART HOLDINGS, INC. (NASDAQ: UPST) SHAREHOLDER CLASS ACTION ALERT: Bernstein Liebhard LLP Reminds Investors of ...

Longview News-Journal 30 Jun 2022
(1) Upstart's AI model could not adequately account for macroeconomic factors such as interest rates that ... During the related conference call, Upstart's Chief Financial Officer cited "rising interest rates and rising consumer delinquencies putting downward pressure on conversion.".
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Coinbase looks to expand in Europe – Bloomberg News

FX Empire 30 Jun 2022
The company is already registered in the United Kingdom, Ireland and Germany, and recently hired its first employee in Switzerland, Murugesan said ... Prices of digital assets have dived recently as rising interest rates and surging inflation prompt investors to ditch risky assets ... Advertisement ... Sign Up. Latest Articles ... Loading ... ....
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Mayor hails staff over 'one of the lowest rates rises'

Otago Daily Times 29 Jun 2022
hur1002dan_gordon-1.jpg. Waimakariri Mayor Dan Gordon. Photo. Supplied. Waimakariri Mayor Dan Gordon has hailed the efforts of staff after the Waimakariri District Council confirmed "one of the lowest rates rises in the country" ... .
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How to prepare for a quick home sale as mortgage rates rise

The Washington Post 29 Jun 2022
TOWN SQUARE . Verify the buying power of the buyer before accepting an offer ... .
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Portugal jobless rate rises to 6.1% in May

FX Empire 29 Jun 2022
(Reuters) – Portugal’s monthly unemployment rate rose to 6.1% in May from a ... The labour underutilisation rate stood at 11.5%, slightly up from 11.4% in April.
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FEC boss plays down impact of rate rise

Hong Kong Standard 29 Jun 2022
A small increase in the interest rate won't have much of an impact on overall property prices, though home-buyers may be more cautious in the short term, says Chris Hoong Cheong-thard, managing director of Far East Consortium (0035).
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BOK likely to lean more toward 'big-step' rate hike should June inflation hit 6%: official

Korea Times 29 Jun 2022
Demand for an unprecedented "big-step" rate hike among policymakers of the Bank of Korea (BOK) will likely intensify ahead of an upcoming rate-setting meeting should the country's consumer prices in June rise 6 percent or higher, a high-ranking central bank official has said.
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Five charts that show the housing market is set for disaster

The Daily Telegraph 29 Jun 2022
Salaries are not rising at the same rate ... However, this will rise to 23.3pc next month. This sharp increase will only get worse as mortgage rates rise at the fastest pace in nearly two decades ... Rising mortgage rates have already quashed demand from buyers ... Analysts expect a much more prolonged decline in demand as interest rates continue to rise.
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Asian shares track Wall St drop as inflation fears drag on

Springfield News-Sun 29 Jun 2022
BANGKOK (AP) — Shares skidded in Asia on Wednesday after another broad decline on Wall Street as markets remain gripped by uncertainty over inflation, rising interest rates and the potential for a recession ... over inflation, rising interest rates and the potential for a recession.
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Why the UK is in a race to outrun persistent inflation

New Statesman 29 Jun 2022
... landings (in the UK, we’ve already had five rate rises, taking us from 0.25 per cent to 1.25 per cent), and inflation tends to be higher – 4.1 per cent, compared with 2.6 per cent for soft landings (ours was 7.5 per cent in December, at the beginning of this cycle of rate rises).
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Japan's central bank caught in a bind

China Daily 29 Jun 2022
The yen has fallen sharply after the US Federal Reserve's interest rate hikes since March ... The BOJ has been buying government bonds on a massive scale to keep 10-year interest rates from exceeding the 0.25 percent ceiling ... If interest rates are forced to rise, it could wreak havoc on the massive yen carry trade, triggering global financial turmoil.
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US consumer confidence slumps to lowest level in 16 months

Decatur Daily 29 Jun 2022
consumer confidence slipped to its lowest level in 16 months as persistent inflation and rising interest rates have Americans as pessimistic as they've been about the future in almost a decade ... rate by a half point in early May in its effort to tamp down rising inflation.

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