Kenya is expected to follow other emerging market central banks that have kept borrowing costs steady over the last few weeks as inflationary pressures mount and they weigh risks to their currencies.
Europe’s November Gas Contract Slumps as Demand CollapsesTurkey’s Inflation Tops 61% as Surging Oil Prices Worsen OutlookECB Not Yet at Inflation Target, More Work to Be Done, Lane SaysEgypt’s Sisi to Seek Third Term in Vote Where Focus Is EconomyIndia Manufacturing Activity Outperforms Asia as Demand Picks UpMorgan Stanley Turns Bearish on Egypt, Warns Risks BuildingCredit Agricole Sees Some Latam Currencies Coming Under PressureTycoon Agarwal’s Plan to Overhaul Vedanta Gets Cautious...
8 BillionTurkey’s Inflation Tops 61% as Surging Oil Prices Worsen OutlookEgypt’s Sisi to Seek Third Term in Vote Where Focus Is EconomySwiss Inflation Quickens Again in Kickoff to Winter ReboundTycoon Agarwal’s Plan to Overhaul Vedanta Gets Cautious Shareholder WelcomeAustralia Extends Rate Pause at Bullock’s First MeetingTurkey’s Inflation Heads Past 60% as Oil Prices Threaten OutlookKLK, Boustead Suspend Trading Amid Report of $244M Deal CollapseLundin CEO Joins List of Departures After...
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Fed's Barr says his focus is on how long to hold rates high'In my view, the most important question at this point is not whether an additional rate increase is needed this year or not, but rather how long we will need to hold rates at a sufficiently restrictive level to achieve our goals,' Barr said in remarks prepared for delivery to the Forecasters Club of New York. The Fed last month opted to leave its benchmark policy rate unchanged in the 5.25%-5.5% range, but most policymakers were penciling in another interest rate hike before year's end and fewer rate cuts next year than they had earlier envisioned. Barr said his assessment of appropriate policy will take account of a range of incoming data, including 'the cost and availability of credit to the economy.'
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Fed's Barr says his focus is on how long to hold rates high(Reuters) - Federal Reserve Vice Chair for Supervision Michael Barr on Monday said the U.S. central bank should proceed
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Fed's Barr says his focus is on how long to hold rates highKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
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Homeowners brace for mortgage payment shock amid higher-for-longer rate outlookTORONTO, Australia — From ultra-low interest rates that led to a huge spike in real estate demand to the speed with which interest rates shot up to levels not seen in a generation, it’s been hard to keep up with the shifting landscape for mortgage holders. Now, with interest rates increasingly expected to stay higher for longer, many of the homeowners who locked in low rates years ago are likely bracing themselves for financial pain as their mortgage comes up for renewal. “Each month that passes
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UN Security Council approves sending a Kenya-led force to Haiti to fight violent gangsSAN JUAN, Puerto Rico (AP) — The U.N. Security Council voted Monday to send a multinational force to Haiti led by Kenya to help combat violent gangs in the troubled Caribbean country. The resolution drafted by the U.S.
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UN Security Council votes to send Kenya-led multinational force to Haiti to fight violent gangsThe UN Security Council on Monday voted to send a multinational force to Haiti led by Kenya to help combat violent gangs in the troubled Caribbean country.
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