Thai central bank says no need to ‘undertake heroically large rate hikes’

The Bank of Thailand’s move to hike interest rates by 25 basis point to 0.75% was a “gradual and measured approach,” said ​Sethaput Suthiwartnarueput, governor of the Bank of Thailand. Kittikorn Nimitpara | Moment | Getty Images Bank of Thailand Governor Sethaput Suthiwartnarueput said there’s no need for the central bank to “undertake heroically large … Read more

Why an exclusive high-net-worth network is doubling down on stocks

Michael Sonnenfeldt, Tiger 21 Scott Mlyn | CNBC The members of TIGER 21 – a peer network of ultra-high-net-worth entrepreneurs and investors – are putting most of their money to work in the stock market for the first time. TIGER 21 consists of 1,200 members with a cumulative $140 billion in assets, and individuals must … Read more

Britain is becoming an ’emerging market country,’ analyst says

Pensioners protest over rising fuel prices at a demonstration outside Downing street called by The National Pensioners Convention and Fuel Poverty Action on February 7, 2022 in London, England. Guy Smallman | Getty Images Political instability, trade disruptions, an energy crisis and skyrocketing inflation are rendering the UK an “emerging market country,” according to Saxo … Read more

nonfarm payrolls, unemployment, Fed, recession

The 10-year Treasury yield rose on Friday on the back of a stronger-than-expected jobs report for July. At about 4:10 pm ET, the yield on the 10-year Treasury bond was up to 2.83%, and the yield on the 30-year Treasury bond was up 10 basis points and trading at 3.068%. Meanwhile, the 2-year was up … Read more

Bank of England launches biggest interest rate hike in 27 years

BOE Governor Andrew Bailey has warned the Bank is walking a “narrow path” between growth and inflation. Bloomberg | Bloomberg | Getty Images LONDON — The Bank of England on Thursday hiked interest rates by 50 basis points, its largest single increase since 1995, and projected the UK’s longest recession since the global financial crisis. … Read more

European markets nudge higher ahead of Fed decision

LONDON — European markets were cautiously higher on Wednesday as investors looked ahead to the latest monetary policy decision from the US Federal Reserve. The pan-European Stoxx 600 added 0.2% in early trade, with banks climbing 1.5% to lead gains while basic resources slid 0.9%. Global investors are focused today on the Fed’s forthcoming monetary … Read more

Homeowners in Singapore could soon feel pinch from rising mortgages

Banks in Singapore raised housing loan rates in June, following the US Federal Reserve’s decision to increase interest rates by 75 basis points in the same month to cool inflation — its most aggressive hike since 1994. Nurphoto | Nurphoto | Getty Images Homeowners in Singapore are starting to tighten their belts as they will … Read more

Russia slashes key interest rate by 150 basis points in shock move

The headquarters of Russia’s central bank in Moscow, Russia, on Monday, Feb. 28, 2022. Bloomberg | Bloomberg | Getty Images Russia’s central bank on Friday cut its key interest rate by a bigger-than-expected 150 basis points, as the country deals with a strong currency, cooling inflation and a possible recession. The move takes the key … Read more

European Central Bank’s action faces stiff test as recession nears

President of the European Central Bank (ECB) Christine Lagarde speaks during a news conference following the ECB’s monetary policy meeting, in Frankfurt, Germany, July 21, 2022. Wolfgang Rattay | Reuters The European Central Bank toughened its anti-inflationary stance with a 50 basis point hike to interest rates and announced a new anti-fragmentation tool, but analysts … Read more

European Central Bank surprises markets with larger-than-expected rate hike,

The European Central Bank is increasing interest rates for the first time in 11 years. But in Italy, political turmoil is back. Bloomberg | Bloomberg | Getty Images The European Central Bank on Thursday increased interest rates for the first time in 11 years in an attempt to cool rampant inflation in the euro zone. … Read more