Global Banking Monitor

Tuesday, May 14, 2024

Stripe employees get to sell $1bn of shares

It's good news for the Stripe employees...

Strategies for Upskilling Your Workforce in an AI-Driven Economy

In an era where artificial intelligence (AI)...

Five Strategies for Enhancing Internal Communications in Banks

In the fast-paced world of banking, effective...

Tag: hike,

Fed Expected to Hike Rates to 22-Year Peak in Economist Poll

Most economists expect the Federal Reserve to lift interest rates one more time next week as it ends a 16-month hiking cycle that has...

Economists Foresee Final Rate Hike at Fed’s July Meeting

The U.S. Federal Reserve will raise its benchmark overnight interest rate by 25 basis points to the 5.25%-5.50% range on July 26, according to...

Fed Remains Open to Further Rate Hike Following Anticipated Increase This Month

Federal Reserve policymakers are primed to resume raising interest rates this month and remain open to a further increase later in the year. While officials...

Philippine Central Bank Remains Open to Potential Further Rate Hike

New Philippine central bank Governor Eli Remolona signaled that further monetary policy tightening is still on the table for the Southeast Asian country, and...

Economists Predict Increased Probability of ECB Rate Hike in September

Economists see a greater chance that the European Central Bank will deliver two more interest-rate increases — extending what’s already an historic tightening cycle...

Mauritius Central Bank Aligns with Fed, Pauses Rate Hike Cycle

The Bank of Mauritius held its revamped interest rate at 4.5% as it forecast inflation will continue to slow. The monetary policy committee unanimously decided...

Australian Jobs Report Surpasses Expectations, Fueling Speculation of Rate Hike

Australian employment smashed expectations in May and unemployment surprisingly declined, bolstering the case for the Reserve Bank to raise interest rates further to counter...

Czech Central Bank Vice Governor Believes Fewer Factors Warrant Interest Rate Hike

The case for raising Czech interest rates has weakened in the past weeks, according to a senior policy maker who has been seen as...

Canadian Banks Increase Prime Rate to 6.95% Following Bank of Canada Rate Hike

Canadian banks announced they were raising their prime lending rates after the Bank of Canada surprised markets by hiking it benchmark interest rate on...

Bank of Canada Rate Hike Triggers Continued Global Bond Sell-Off

Government bonds continued to sell off in the Pacific region after the Bank of Canada's surprise interest-rate hike drove worries that other central banks...

Federal Reserve Expected to Maintain Hold in June, but One-Third of Economists Anticipate Imminent Hike

The U.S. Federal Reserve will not raise interest rates for the first time in well over a year at its June 13-14 meeting, according...

Canada’s Unexpected Rate Hike Highlights Global Struggle in Defining Rate Endpoints

The Bank of Canada’s decision to resume raising interest rates shook global bond markets and underscored the difficult task faced by central banks as...

Bank of Canada Interest Rate Hike Expected to Hit Rental Market Hard, Say Experts

The Bank of Canada’s decision to hike rates on Wednesday will put additional pressure on Canada’s already tight rental market, experts say. The BoC’s surprise...

Bank of Canada Sends Shockwaves through Markets with 4.75% Policy Rate Hike

The Bank of Canada defied expectations by restarting its interest-rate tightening campaign, saying the economy is running too hot. Policymakers led by Governor Tiff Macklem...

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