The Bank of England will have to push borrowing costs higher to control fast-rising inflation and there are risks that inflation pressures from rising wages will prove stronger than the BoE thinks, Deputy Governor Dave Ramsden told Bloomberg News.
The Bank of England will have to push borrowing costs higher to control fast-rising inflation, but its four interest rate increases since December are having an impact on the economy, Deputy Governor Dave Ramsden told Bloomberg News.
India's central bank is likely to raise its inflation projection for the current fiscal year at its June monetary policy meeting and will consider more interest rate hikes, a source aware of the development said on Wednesday.
The Bank of England will probably need to raise interest rates much more sharply than financial markets expect to get soaring inflation under control, former policymakers said on Wednesday. The BoE's Monetary Policy Committee has raised its key interest rate four times since December to 1% - the highest level since 2009 - but still expects inflation to exceed 10% by the end of this year.
India's central bank is likely to raise its inflation projection for the current fiscal year at its June monetary policy meeting and will consider more interest rate hikes, a source aware of the development said on Wednesday.
Brazil's central bank said on Tuesday that its interest rate hikes have yet to impact inflation and activity, but highlighted that worsening inflationary conditions justified a possible extension of its aggressive monetary policy cycle.
Ukraine's central bank said on Tuesday it had increased its portfolio of domestic war bonds to 100 billion hryvnias after buying a further 30 billion to help the government finance the budget amid the war with Russia.
* No plan to widen target tolerance band - BOJ official. * Such action would be 'tantamount to rate hike' - BOJ. * Finance minister warns against sharp yen moves. By Leika Kihara and Tetsushi Kajimoto.
- Two of the Federal Reserve's most outspoken policy hawks on Friday pushed back on the view that the U.S. central bank has missed the boat on the fight against high inflation, citing a tightening of financial conditions that began well before the Fed began raising interest rates in March.
Hedge funds posted gains of 2.33% in April, mostly driven by macro funds, which managed to perform well amid high volatility, a report by hedge fund data provider HFR showed on Friday. Macro hedge funds, which bet on macroeconomics trends, rose 5.49% in the quarter, according to a macro fund asset weighted index.
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