Latest News for: Rate rises

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Federal Reserve hawks will push for faster tapering, interest rate rises despite Omicron

South China Morning Post 03 Dec 2021
The growing chorus of Fed Reserve committee members calling for a faster interest rate… .
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RBA to start tightening in early 2023: Reuters poll

FX Empire 03 Dec 2021
That’s sooner than the second quarter of 2023 forecast in a poll taken almost a month ago, while in a survey taken only two months ago there was no consensus for any rate rise in 2023 ... The cash rate is then projected to rise to 0.75% in the final quarter of 2023.
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Major CEE currencies set to strengthen over next 12 months: Reuters poll

FX Empire 03 Dec 2021
The Czech National Bank has been the most aggressive among central European peers in hiking rates since June, including a 125 basis point rise in November that was the biggest since 1997 ... In Hungary, the central bank raised its one-week deposit rate at a weekly tender on Thursday, its fifth rate rise in less than three weeks.
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Major CEE currencies set to strengthen over next 12 months

Reuters 03 Dec 2021
The Czech National Bank has been the most aggressive among central European peers in hiking rates since June, including a 125 basis point rise in November that was the biggest since 1997 ... In Hungary, the central bank raised its one-week deposit rate at a weekly tender on Thursday, its fifth rate rise in less than three weeks.
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Services growth slows as Covid case numbers rise - AIB PMI

RTE 03 Dec 2021
Companies operating in the services sector here recorded another sharp rise in business activity in November, albeit at a slower rate than in October ... "There was a marked slowdown in the rate of growth of new business, including exports, with firms reporting that the rising Covid cases had dampened demand somewhat.
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Might make sense to wait for Omicron data before rates decision – BoE’s Saunders

FX Empire 03 Dec 2021
But there were also risks from delaying a rate hike too long because the current all-time low level of the BoE’s Bank Rate could cause the labour market to tighten further and push up already rising long-term inflation expectations ... He said the rates were likely to rise over the next few quarters, assuming the economy behaves as expected.
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Turkish inflation soars above 21% in challenge to Erdogan

Reuters 03 Dec 2021
"Negative real rates, the absence of policy guidance, statements by government officials arguing for a weaker lira as part of an economic development strategy and rising inflation and inflation expectations will maintain pressure on the currency," Fitch Ratings said.
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USD/CAD forecast ahead of the US and Canada jobs data

Invezz 03 Dec 2021
The unemployment rate is expected to decline from 4.6% in October to 4.5% in November ... It will also be a sign that the American economy is experiencing full employment, which happens when the rate falls below 5% ... Economists see the participation rate rising to 61.7% and wages rising to 5.0% ... The unemployment rate is expected to drop to 6.1%.
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Subsidy removal could increase Nigeria’s inflation 2.5% – World Bank

Business Day Online 03 Dec 2021
The World Bank has said that removing the petrol subsidy in January 2022 could cause the headline inflation rate to rise by an additional 2.0–2.5 percentage points ... the headline inflation rate to rise by an additional 2.0–2.5 percentage points over the following two years.”.
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A Busy Economic Calendar Puts the EUR, Loonie, and USD in the Spotlight

FX Empire 03 Dec 2021
New business inflows returned to expansion for the first time since Jan-2020, with the rise the fastest since Mar-2020 ... According to the November survey, Total new business rose at the slowest rate for 3-months and only marginally overall, with foreign demand rising modestly ... The rate of job creation was the quickest since May.
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Small businesses struggle with rising costs, limited access to capital

The Saigon Times 03 Dec 2021
HCMC – Many small businesses are struggling with limited access to capital and rising costs after resuming their operations in a new normal, said speakers at a seminar themed “Rising inflation, where to find capital?” ... Rising costs, limited access to capital ... They also face an inventory of materials and rising costs ... Rising demand for capital.
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Rising Vietnam cases show need for more jabs

China Daily 03 Dec 2021
Vietnam must speed up its vaccination rollout as it attempts to transit to a "new normal" despite rising COVID-19 infections in the country, experts said ... But the rate still lags behind that of many other Asian countries, with over 90 percent fully vaccinated in Singapore, nearly 80 percent in Cambodia and Japan at 77 percent.
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ASX200: Weekly Wrap – 03/12/2021

FX Empire 03 Dec 2021
RBA Interest Rate Decision & Rate Statement ... The comments raised the prospects of a sooner than anticipated move on interest rates ... After rising rapidly in October, input costs rose only modestly in November, with the rate of inflation the slowest since Oct-2020 ... Might make sense to wait for Omicron data before rates decision – BoE’s Saunders.
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New data suggest 1 in 44 US children affected by autism

The Los Angeles Times 03 Dec 2021
That rate compares with 1 in 54 identified with autism in 2016 ... autism numbers have been on the rise for several years, but experts believe that reflects more awareness and wider availability of services to treat the condition rather than a true increase in the number of affected children.
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Private Sector PMIs and Eurozone Retail Sales Test EUR Support

FX Empire 03 Dec 2021
Economists had forecast a rise to 54.8 ... New business continued to rise in November, though the rate of increase was the weakest since April ... Job growth accelerated across the private sector, as firms looked to boost capacities and address rising backlogs ... Economists had forecast a 0.2% rise ... What are Lending Protocols? The Rise of DeFi Lending.

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