Tag: Bank
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Japan raises interest rate to new 31-year high to curb rising prices
Central banks around the world have hiked rates as high energy prices are pushing up inflation.
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Apple Pay eyes India rollout with Axis Bank, sources say
MUMBAI, Sept 18 : Apple is poised to launch Apple Pay in India next month with Axis Bank’s credit cards, three sources familiar with the matter said, as it works to expand support among the country’s lenders.The launch, starting with a single major banking partner, would help the US company offer its payment
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Bank of Japan set to raise interest rates to 31-year high
TOKYO, Sept 18 : The Bank of Japan is set to raise interest rates to a 31-year high on Friday and pledge to deliver more to counter inflation risks, which may heighten if the start of a U.S. rate-hike cycle weakens the yen against the dollar.The widely expected move would be the first hike in…
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Major central banks on tightening path amid energy price shock
Sept 17 : Major central banks are on a tightening path, with the Federal Reserve recalibrating its policy to a more restrictive stance on Wednesday, even as traders continue to price in a more aggressive policy response than projected in the U.S. central bank’s so-called dot plot.Economists say markets are ov
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Thai monetary policy ‘very, very accommodative’, no change to growth outlook, central bank official says
BANGKOK, Sept 17 : The Thai central bank’s monetary policy is “very, very accommodative” right now to support a weak economy, with growth expected to exceed 3 per cent in the current quarter and hit around 2 per cent in the last quarter of 2026, an assistant governor said on Thursday.In an interview with Reu
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Dollar eases from seven-week peak as oil prices extend decline
HONG KONG, Sept 17 : The dollar clung to a seven-week high on Thursday after the Federal Reserve raised interest rates and flagged more hikes in the coming months, with traders now zeroing in on how central banks in the UK and Japan will respond to inflation pressures.The dollar ripped higher alongside US Tre
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Hawkish Fed lifts dollar to seven-week high; markets brace for BOE, BOJ
HONG KONG, Sept 17 : The dollar clung to a seven-week high on Thursday after the Federal Reserve raised interest rates and flagged more hikes in the coming months, with traders now zeroing in on how central banks in the UK and Japan will respond to inflation pressures.The dollar ripped higher alongside US Tre
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Hawkish Fed lifts dollar to seven-week high as focus turn to BOJ
HONG KONG, Sept 17 : The dollar clung to a seven-week high on Thursday after the Federal Reserve raised interest rates and flagged more hikes in coming months, while investors awaited decisions from the Bank of England later and the Bank of Japan on Friday. The dollar ripped higher alongside US Treasury yield
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US central bank raises interest rates for first time in more than three years – follow live
The Federal Reserve has been under pressure to hike interest rates, which influence mortgages and savings, to help curb rising prices.
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Bank of Korea minutes show possible policy rift on back-to-back rate hikes
SEOUL, Sept 15 : The Bank of Korea’s decision to carry out back-to-back interest rate hikes in August was a more contentious affair than the headline vote suggested, meeting minutes released on Tuesday showed, signaling divisions that could slow the future tightening pace.The BOK on August 27 raised its bench
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