Russia's central bank raises key rate to 21% to rein in higher than forecast inflation

Russia's central bank raises key rate to 21% to rein in higher-than-forecast inflation

Russia's central bank on Friday raised its key interest rate by 200 basis points to 21%, citing higher-than-forecast consumer price increases.

Business - CNBC - October 25

Russia's central bank raises interest rate to 21% to fight inflation boosted by military spending

Russia’s central bank has raised its key interest rate by two percentage points to a record-high 21% in an effort to combat growing inflation

World - ABC News - October 25

EU races to prepare for a Trump win

Bloc seeks to bolster aid to Ukraine, sanctions against Russia and trade policy in case Republican is re-elected

Business - Financial Times - October 25

Russian central bank hikes interest rate to record-high 21%, to fight inflation fueled by military spending

World - ABC News - October 25

Czech central bank cuts key interest rate to 4% as inflation stays low

The Czech central bank has cut its key interest rate for the eighth time in a row as inflation remains low and the economy is making a slow recovery

World - ABC News - November 7

Russia Raises Interest Rate to 21 Percent, Its Highest in Decades

Military spending and recruitment are causing the country’s economy to overheat, leaving regulators in a struggle to rein in rising prices.

Business - The New York Times - October 25

Euro zone inflation rises to higher-than-expected 2%, weakening case for jumbo rate cut

The fresh inflation print is seen as crucial in judging whether the European Central Bank could consider a half-percentage-point interest rate cut.

Business - CNBC - October 31

What to know about the inflation report.

A fresh Consumer Price Index report could show that inflation, much cooler than in 2022 and 2023, is not fully stamped out.

Top stories - The New York Times - November 13

Ford to cut 4,000 jobs in Europe

Headcount reduction comes as industry faces pressure over EV switch and competition from China

Business - Financial Times - 2 days ago

Bank of England Cuts Interest Rates, but Signals Stickier Inflation

The central bank said that future cuts would be gradual amid higher inflation forecasts after the new government introduced spending and tax increases in its budget.

Top stories - The New York Times - November 7

Key inflation rate hits 2.1% in September, as expected, closing in on Fed target

The personal consumption expenditures price index was expected to increase 0.2% in September and 2.1% from a year ago.

Business - CNBC - October 31

A key inflation measure drops to 2.1%. Here's the interest rate impact.

The personal consumption expenditures (PCE) price index eased to a 2.1% annual rate in September, close to the Fed's target.

Key inflation rate hits 2.1% in September, as expected, closing in on Fed target

Inflation increased slightly in September and moved closer to the Federal Reserve’s target, according to a Commerce Department report Thursday.

Inflation undershoots to jumbo cuts: What 10 European Central Bank members said this week

A slew of Governing Council members spoke to CNBC at the International Monetary Fund's annual meeting in Washington, D.C. this week.

Business - CNBC - October 25

Japan's central bank to remain undeterred on rate hikes despite LDP's electoral shock, analysts say

Roughly 86% of economists polled by Reuters expect the central bank to leave its rates unchanged when it announces its decision Thursday.

Business - CNBC - October 28

US central bank lowers interest rates by quarter point as new Trump term looms

Rates are now at 4.5% to 4.75%, after two reductions by the Federal Reserve starting in September. The US Federal Reserve lowered interest rates by a quarter point on Thursday, knocking them ...

World - The Guardian - November 7

Boeing raises greater-than-expected $21 billion from new stock sales

Boeing said Tuesday that it will raise nearly $21 billion from a public offering of common stock and depositary shares — more than the roughly $19 billion that was initially mooted.

Business - MarketWatch - October 29

Bank of England cuts UK interest rates again despite modest budget-related inflation spike

The Bank of England has cut its main interest rate by a quarter of a percentage point after inflation across the U.K. fell below its target rate of 2%

World - ABC News - November 7

Bank of England cuts main interest rate by a quarter-point to 4.75% after UK inflation falls

World - ABC News - November 7

UK inflation surges above Bank of England's 2% target, curbing December rate cut expectations

The hike marks a sharp increase from the 1.7% rise recorded in September and exceeds the 2.2% forecast of economists polled by Reuters.

Business - CNBC - 3 days ago

Traders trim Bank of England rate cut bets after U.K. inflation rebounds

The chances of another rate cut this year by the Bank of England has diminished after data showed an acceleration in the pace of Britain’s inflation last month.

Business - MarketWatch - 3 days ago

Rising energy bills push inflation to highest for six months

Higher inflation pushes up the cost of living for households, and could mean that interest rates remain higher for longer.

Trump’s victory sets up traps for central banks

The incoming president is likely to attack the Fed if it seeks to counteract his policies or if inflation takes off again

World - Financial Times - November 7

Rain forecasted in key swing states on Election Day

Rain is threatening to disrupt Election Day in several key swing states. A cold front is slicing through the middle of the country, bringing a threat of rain showers and thunderstorms from the ...

Politics - The Hill - November 4

Investors are bracing for higher-for-even-longer interest rates

Friday’s stronger-than-expected economic data, combined with fresh remarks from Federal Reserve Chairman Jerome Powell on Thursday, were adding up to a shift in market participants’ thinking about ...

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The valuation warning for Costco and other higher-rated stocks

When companies approach extreme price levels, gravity looms

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What's the mortgage interest rate forecast for November 2024?

After falling in September, mortgage interest rates rose again in October. Here's what could happen this November.

What's the CD interest rate forecast for November 2024?

Interested in putting some money into a CD account this November? Here's what could happen with the rates on CDs.

AI demand drives growth and higher spending at Amazon’s cloud business

Ecommerce company’s shares rise as it also gives an upbeat forecast for the holiday quarter

Business - Financial Times - October 31

Ozempic maker Novo Nordisk nudges higher profit forecast

Novo Nordisk on Wednesday nudged higher its outlook for the year as the drugmaker registered another quarter of strong sales of its weight-loss drugs.

Business - MarketWatch - November 6

Higher energy bills push UK inflation to 6-month high in October

Inflation in the U.K. has risen sharply to a six-month high in October

World - ABC News - 3 days ago

Switzerland is now flirting with deflation, causing a dilemma for its central bank

Switzerland could be at risk of slipping into deflationary territory next year as a stronger Swiss franc dogs policymakers' efforts to get a handle on prices.

Business - CNBC - October 31

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