Sentences with phrase «bank hikes its rate»

When the economy is close to full capacity, the bank hikes its rate to keep inflation from rising above its two per cent ideal target.

The European Central Bank hiked rates earlier this month after euro zone inflation rose to 2.7 percent.

The central bank hiked its rate Wednesday by one - quarter point to 1.0 per cent, its second 25 - basis - point increase since July.

The bank hiked rates for its Southwest Airlines Visa Signature card, as well as some of its Ink for Business cards.

Not exact matches

And even the Federal Reserve's modest rate hikes have had an outsized impact on the bottom line of Bank of America, which pockets the extra interest it collects on loans while paying out much less on consumers» deposits (making money on the so - called spread).

YELLOWKNIFE, Northwest Territories, May 1 (Reuters)- Bank of Canada Governor Stephen Poloz said on Tuesday there is good reason to believe the central bank can manage the risks of Canada's high household debt, even as he signaled that interest rate hikes will continue, increasing the cost of that dBank of Canada Governor Stephen Poloz said on Tuesday there is good reason to believe the central bank can manage the risks of Canada's high household debt, even as he signaled that interest rate hikes will continue, increasing the cost of that dbank can manage the risks of Canada's high household debt, even as he signaled that interest rate hikes will continue, increasing the cost of that debt.

YELLOWKNIFE, Northwest Territories, May 1 - Bank of Canada Governor Stephen Poloz said on Tuesday there is good reason to believe the central bank can manage the risks of Canada's high household debt, even as he signaled that interest rate hikes will continue, increasing the cost of that dBank of Canada Governor Stephen Poloz said on Tuesday there is good reason to believe the central bank can manage the risks of Canada's high household debt, even as he signaled that interest rate hikes will continue, increasing the cost of that dbank can manage the risks of Canada's high household debt, even as he signaled that interest rate hikes will continue, increasing the cost of that debt.

While the high level of existing debt means rate hikes will have a stronger impact in cooling demand than they did in previous years, it is still too soon to know just how much of an effect the bank's three rate hikes have had, Poloz said.

Any sign the central bank will raise interest rates faster than expected is viewed as negative for equities since hikes will theoretically lessen the appeal of stocks.

The Bank of Canada hiked rates twice this year, signalling more could be coming — depending, in part, on whether households can handle it.

Investors were not expecting the Fed to hike rates but were looking for signs of how quickly the central bank may move in the future.

If the Bank of Canada hikes two more times this year, some households could be renewing at a rate 75 basis points higher than what they previously paid, according to Rob McLister, CEO of intelliMortgage Inc. in Toronto.

Even before Wednesday's decision, five of the country's largest banks hiked five - year fixed rates 15 basis points to 5.14 per cent last week.

Beata Caranci, chief economist at TD Bank, doubts another rate hike in the U.S. would have much of an impact on bond yields in Canada.

The Bank has slightly shifted the way it's talking about the state of Canada's economy, and it suggests that a rate hike is finally a possibility again

Bank of Canada critics will say stubbornly low inflation means the latest rate hike was a mistake.

The pan-European Stoxx 600 ended 0.08 percent higher with banking stocks leading the gains on expectations of a probable interest rate hike in the U.S. next week.

Sterling dropped more than 1 percent against the U.S. dollar on Thursday after the Bank of England announced the first rate hike since the financial crisis.

«The housing market continues to adjust to stricter mortgage rules, recent Bank of Canada rate hikes and some provincial policy moves,» said BMO Capital Markets» senior economist Robert Kavcic in a research note Friday.

The Swedish crown hit a six - day high after the country's central bank said it saw an interest rate hike coming in the second half of the year, but the currency quickly gave up those gains.

The Swiss bank UBS has updated its call on the number of rate hikes that the U.S. Federal Reserve will announce this year.

The Bank of England kept rates unchanged on Thursday but one of the nine members voted in favour of hiking rates.

The central bank raised interest rates to 0.75 percent from 0.50 percent — its first hike in seven years.

«The one thing that's kind of holding the market back a bit is this impending growth fear and is the Fed making a mistake,» he said on «Closing Bell,» referring to the pace of the central bank's rate hikes.

«The markets at the moment really want to see a rate hike by the central bank, as a sign that it is still a credible institution; that it's taking its inflation targeting somewhat seriously and that it is prepared to stand up to government pressure,» Capital Economics senior emerging markets economist William Jackson said.

Talk of rate hikes are in the air Wednesday after minutes from the Bank of England's last meeting showed two out of nine board members voted for a rate hike as early as this month, the first time in three years that policymakers have done so.

Investors will be watching closely on Wednesday for Fed chair Janet Yellen's statement, as she has dropped numerous hints that the central bank would introduced another interest rate hike this summer.

The new chair signaled the central bank could hike rates more than three times this year in an effort to keep the economy from overheating, sparking anxiety among equity traders.

'' (It) underlines the challenges for the CBRT (central bank) in managing the lira when Erdogan has tied both hands behind its back in terms of limiting its ability to hike policy rates,» Bluebay Asset Management strategist Timothy Ash said.

On Wednesday, the Federal Reserve will release the minutes from its mid-March meeting, where the U.S. central bank opted to leave interest rates unchanged while hinting that future hikes could come later this year.

The market still expects the Bank of England to hike rates even as recent data pointed weaker, says Kathy Lien of BK Asset Management.

As the market waits with baited breath for any news on the Federal Reserve's impending interest rate hike, investors will pore over Wednesday's release of minutes from the Fed's July meeting to look for solid signs that the central bank will raise rates in September.

The Bank didn't give its own view on how many more rate hikes it intends, but financial markets are implying only two more hikes between now and 2020.

Last year the central bank hiked the Fed Funds rate three times, to 1.5 percent.

U.S. interest rates are currently much higher than in Europe and Japan, and with neither the European Central Bank nor the Bank of Japan planning any rate hikes this year, foreign capital seeking higher returns could put a lid on rate rises here.

A «rate hike when British growth and wages are decelerating is what happens when a central bank faces international vulernability,» tweeted Adam Posen, a U.S. economist who used to sit on the MPC.

One after the other, Canada's big banks have all hiked - up mortgage rates this week.

The bank also reiterated that more interest rate hikes will likely be necessary over time, but that the governing council will remain cautious when considering future decisions.

Josh Nye, an economist with RBC Economics Research, said it's unlikely metals tariffs on their own would drastically change the central bank's thinking about whether it stays on a rate - hiking path.

And although interest rate hikes make borrowing more expensive, they might also make banks more interested in lending to small companies.

Britain's housing market continued to lose momentum data showed too, with mortgage approvals at their weakest in nearly three years following the Bank of England's first interest rate hike in a decade.

As the rest of the market wonders whether the U.S. central bank will enact a rate hike this year, Icahn insisted, «I don't think it matters, because either way there's a problem.»

Sterling trod water after falling through the $ 1.36 line in the previous session as investors further reduced bets of a central bank rate hike next week.

With the dollar rallying for the last fortnight and expectations of a Bank of England interest rate hike next...

From before the central bank's previous meeting [to today], the odds of a rate hike have risen from about 30 percent to 80 percent.»

But he notes the euro may be attracting attention away from the dollar because of speculation over rate hikes out of the European Central Bank.

Since then, a sputtering economy and lackluster inflation have changed Wall Street's perception of when the central bank's Federal Open Market Committee will enact its first hike since taking its funds rate to zero in late 2008.

«Best bets for now are that the Bank of Canada will be out of action until hiking rates some time in the first half of 2015,» CIBC analysts Benjamin Tal and Emanuella Eneajor wrote in a note.

Analysts at the investment bank raised their rating on eBay to overweight all the way from underweight — skipping equal weight — and hiked their price target to $ 58 a share from $ 36.

Traders now see just two rate hikes this year, differing from the three the central bank had been forecasting.