Reserve Bank of Australia decided to increase the cash rate target by 50 basis points to 85 basis points. It also increased the interest rate on Exchange Settlement balances by 50 basis points to 75 basis points.
Surge in living costs has undermined President Biden’s support； Small majority of analysts expects a Ukraine rate increase
Consumer Price Index seen increasing 6.7% from a year earlier
The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, Bank Rate that rises to around 1% by the end of 2022
The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent.
The $80 per barrel threshold may not be the limit for oil prices in the coming months as global demand recovery continues and record natural gas prices spur more demand for oil products for power generation and heating.
A dose of huge monetary, fiscal support and a growth strategy that boosted stocks and corporate profits - failed to create wealth to households via higher wages, data show.
The Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent
Europe’s tight gas market, low wind speeds, abnormally low gas inventories, and record carbon prices have combined in recent weeks to send benchmark gas prices on the continent and power prices in the largest economies to record highs.
The overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent.