Tag: rate
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Dollar eases as investors weigh Middle East hopes, rate outlook
June 9 : The U.S. dollar edged lower on Tuesday, as investors weighed hopes for a deal to reopen the Strait of Hormuz against expectations of higher U.S. interest rates following strong jobs data late last week.The U.S. economy is relatively insulated from energy shocks compared to other countries, which is o
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Indonesia raises rates in surprise move to support sinking rupiah
JAKARTA, June 9 : Indonesia’s central bank raised interest rates by 25 basis points on Tuesday in an unexpected off-cycle rate hike, taking the benchmark rate to 5.50 per cent as it moves to stabilise the rupiah.Bank Indonesia (BI) said in a statement posted on its website that the off-cycle rate hike was ne
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Stocks fall as strong jobs data fuels rate hike bets; oil set for weekly gain
NEW YORK, June 5 : Shares dipped on Friday after a blowout jobs report fueled bets of a rate hike by the U.S. Federal Reserve and as investors turned defensive ahead of the weekend, wary of the flare-up in Middle East hostilities.Iran reaffirmed support for the Hezbollah militia and demanded Israel withdraw f
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Hospitality jobs boom as US prepares for World Cup
It is the third month in a row US jobs figures have beaten expectations.
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Indian central bank keeps key policy rate on hold, despite falling currency
MUMBAI, June 5 : The Reserve Bank of India on Friday kept its policy repo rate unchanged at 5.25 per cent, opting to look past rupee weakness and assess the fallout from rising global energy costs on inflation and growth.Nearly 80 per cent of 56 economists polled by Reuters expected the RBI’s monetary policy
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Bank of Japan expected to raise rates this month, sources say
TOKYO, June 4 : The Bank of Japan is expected to raise interest rates this month unless a sharp escalation in the Middle East conflict upends markets, three sources said, as rising fuel costs from the energy shock add to mounting price pressure in the economy.With hostilities flaring anew in the Iran war, cen
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BOJ expected to raise interest rates in June, sources say
TOKYO, June 4 : The Bank of Japan is expected to raise interest rates this month unless a sharp escalation in the Middle East conflict upends markets, three sources said, as rising fuel costs from the energy shock add to mounting inflationary pressure in the economy.With hostilities flaring anew in the Iran w
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