Tag: interest rate

• Thursday, October 6th 2022 - 09:11 UTC

  Mortgage rates in UK on the rise, first time since 2014

  

  Mortgage rates in the UK have been going up for months, but recorded a sharp increase in response to the fall-out from the mini-budget nearly two weeks ago. First-time buyers and those looking to remortgage are affected.

• Thursday, August 4th 2022 - 10:01 UTC

  Brazil raises benchmark interest rate to 13,75%, and possibly more to come

  

  Brazil's central bank raised its benchmark interest rate 50 basis points to a record 13,75%, (the highest since January 2017), anticipating that the tightening cycle, may not be over given the stubborn high domestic inflation and “adverse and volatile” global situation.

• Wednesday, May 18th 2022 - 09:58 UTC

  Uruguay central bank increases rate, anticipates a 'contractive monetary policy' to combat inflation

  

  Uruguay's central bank on Tuesday announced an increase of 75 basis points to 9,25%, in its monetary policy reference rate, meaning also the bank has entered the contractive phase, as so many other Latin American central banks, in an effort to rein in inflation.

• Friday, May 6th 2022 - 09:45 UTC

  Chile's base rate increased 125 points to 8,25%, highest since September 2008

  

  Private estimates fell short in Chile on Thursday when the Central Bank monetary policy desk announced an increase in the base rate of 125 points, to 8,25%, the highest since September 2008 in an effort to contain the strong sustained inflation. According to the bank's chair, Rosanna Costa the monetary policy desk decision was unanimous.

• Friday, May 6th 2022 - 09:18 UTC

  Brazil hikes interest rate to its highest in five years, 12,75%, to fight double digit inflation

  

  As anticipated Brazil's central bank, in a unanimous decision, raised interest rates by 1% to 12,75%, the highest in five years, to contain double digit inflation. However policymakers suggested their tenth straight rate increase would not be the last in what has been one of the world’s most aggressive ongoing rate hike cycles.

• Thursday, March 17th 2022 - 10:06 UTC

  Fed raises interest rate, first time since 2018, and anticipates six/seven more increases this year

  

  The Federal Reserve announced on Wednesday it raised its target for short-term interest rates a quarter-percentage point to 0,50% and anticipated six/seven more rate increase for the rest of 2022, as the US faces the highest inflation in four decades.

• Wednesday, December 15th 2021 - 20:43 UTC

  Argentina might raise interest rates to keep US dollar at bay

  

  Argentina's Central Bank (BCRA) is considering raising the interest rate, in accordance with a suggestion from the International Monetary Fund (IMF), it was reported Wednesday in Buenos Aires.

• Wednesday, December 15th 2021 - 09:50 UTC

  Chilean central bank increases interest rate reference to 4%, highest since 2014

  

  The Chilean Central Bank's Monetary Policy meeting on Tuesday raised the reference interest rate 125 base points to 4%, the highest since June 2014. The decision came as no surprise for markets since the bank is determined to contain inflation, (6,7% in the twelve months to November) and anticipated it will continue on the path for as long as necessary.

• Wednesday, September 1st 2021 - 09:20 UTC

  Chilean central bank surprises markets: basic interest rate doubled to 1,5%

  

  The Monetary Council of the Chilean central bank surprised markets on Monday by deciding to increase the basic interest rate 75 base points to 1,5%, the highest jump since August 2001. According to a bank release, the decision from the council was unanimous, and well beyond market expectations that had estimated an increase of 25 to 50 base points.

• Monday, August 30th 2021 - 08:14 UTC

  Chilean central bank expected to hike the basic rate 25 points to 1%

  

  The Chilean central bank made public on Friday its latest Survey of Financial Operators, ahead of the Monetary Policy meeting scheduled to take place next Tuesday when most market analysts anticipate the bank will decide on a 25 points increase to its basic Monetary Policy rate from 0,75% to 1%.