The Bank of Japan has increased its policy rate to 1%, a 31-year high, to combat inflation driven by rising oil costs. This move occurs despite recent falls in oil prices and a four-year low in Japan's core inflation, as policymakers aim to stabilize underlying inflation near their 2% target.
The Bank of Japan has increased its main interest rate to 1%, a 31-year high, driven by rising global energy prices and inflationary pressures. This move signals a shift away from two decades of near-zero rates and deflationary policy.
The Bank of Japan raised its benchmark interest rate to 1 percent, the highest since 1995, citing inflation risks from rising oil prices linked to the US-Israel war on Iran. This move signals a shift away from decades of ultra-loose monetary policy.
The Reserve Bank of Australia kept its official interest rate at 4.35% but warned of further hikes if inflation persists. Governor Michele Bullock stated that price rises are still too fast, indicating a potential increase if necessary. The RBA is not alarmed by a rise in unemployment to 4.5%, viewing the job market as still tight.
The Reserve Bank of Australia (RBA) has kept its official interest rate at 4.35% but warned of further hikes if inflation persists. Governor Michele Bullock indicated a rate rise is possible due to ongoing price pressures, despite a slight increase in unemployment. The decision offers little immediate relief to mortgage holders.
The Reserve Bank of Australia unanimously decided to keep interest rates at 4.35%. Despite slowing economic momentum and rising unemployment, underlying inflation remains too high. The RBA will monitor economic performance and global factors, including the Middle East conflict's impact on oil prices and trade.
The Reserve Bank of Australia has decided to keep interest rates unchanged at 4.35%. This decision follows recent data indicating a loss of economic momentum and a rise in unemployment. However, with inflation still a concern, the RBA will monitor economic performance before making further adjustments.
The Reserve Bank of Australia maintained its official interest rate at 4.35% due to slowing economic activity and a four-year high in unemployment. This decision offers little immediate relief to mortgage holders facing increased repayments from previous hikes.
The Reserve Bank of Australia is widely forecast to keep interest rates on hold at 4.35% today. This decision comes as the economy shows signs of cooling, with moderating inflation and stagnating growth, further supported by a ceasefire agreement between the US and Iran easing geopolitical tensions and oil price concerns.
US and UK central banks are anticipated to maintain current interest rates this week. A recent Middle East peace deal is expected to reduce inflationary pressures, influencing these decisions. The Fed's new chair, Kevin Warsh, will be closely watched for his inflation outlook.
Short-sellers are targeting Japan's yen, risking a repeat of the 1997 Asian financial crisis. Japan's weak fundamentals, high debt, and declining competitiveness make its currency vulnerable, despite large forex reserves. A potential inflation-devaluation spiral could profit speculators.
Major Australian banks' economists predict the Reserve Bank of Australia will maintain interest rates at 4.35% on Tuesday. Key factors influencing the decision include Middle East ceasefire impacts on fuel prices, persistent inflation, and the upcoming fuel excise restoration.
Small savings schemes in India will maintain their current interest rates for the April-June 2026 quarter, offering returns up to 8.2% per annum. Popular options like SCSS and SSA will continue to provide stable, low-risk investment avenues with tax benefits.
New data suggests falling house prices in Sydney and Melbourne are concentrated in the upper market segments, potentially assuaging fears for first-time buyers with small deposits who typically purchase in the lower end.
Fears of negative equity for first-time buyers in Sydney and Melbourne are easing as falling house prices are concentrated in the top end of the market. Data shows the cheapest properties have seen modest gains or slight declines, unlike the upper quartiles. Experts suggest low unemployment and low arrears rates mitigate mortgage payment risks, though negative equity can limit options for selling or refinancing.
The European Central Bank (ECB) decided to raise interest rates for the first time in approximately two years and nine months, increasing the deposit facility rate by 0.25% to 2.25%. This move comes amid concerns over accelerating inflation due to rising oil prices following military conflict between the US and Iran.
The European Central Bank raised its deposit rate by 0.25 percentage points to 2.25%, marking its first rate hike in nearly three years. This move aims to combat inflation driven by the Iran war and rising energy prices, despite concerns it could harm economic growth.
The European Central Bank raised its benchmark deposit rate by 0.25 percentage points to 2.25%, the first hike in nearly three years. This move aims to combat inflation, which has risen to 3.2% due to the Iran war and its impact on energy prices, despite concerns about further straining the eurozone's weak economy.
The European Central Bank (ECB) has raised its benchmark deposit rate by 0.25 percentage points to 2.25% to counter inflation, which has reached 3.2% in the eurozone, exacerbated by the Iran war and its impact on oil and gas transit. The move aims to curb demand and ease price pressures despite risks to the eurozone's weak economy.
The European Central Bank (ECB) raised its three key policy rates by 0.25% on June 11 (local time) due to inflation concerns stemming from the Middle East. This marks the first rate hike by a G7 central bank since the Iran war began, with the deposit rate now at 2.25%.
The European Central Bank has raised its main deposit rate to 2.25% in response to rising inflation, driven by the war in Iran and increased energy costs. This marks the first rate hike since 2023, with markets anticipating further increases.
Man Group's head of U.S. direct lending, Kevin Marchetti, believes higher interest rates create attractive opportunities for disciplined private credit lenders, despite "growing pains" in the sector. He noted strong credit fundamentals in the U.S. middle market and expects higher yields due to the floating rate nature of their investments.
Interest rates on India's short-term financial instruments like Certificates of Deposit are expected to drop by 75-100 basis points by July. This follows significant inflows from overseas loans and deposits by public sector units and banks, which are anticipated to cool domestic yields and reduce borrowing costs.
France's goal of building 2 million homes by 2030 is at risk due to rising inflation, material costs, and high interest rates. New apartment reservations are down 14.3%, and social landlords are buying less. The Caisse des dépôts is mobilizing €100 billion to support affordable housing.
