Sentences with phrase «by a quarter point»

A central bank willing to raise interest rates by a quarter point at a time?

It raised the interest rate paid on excess and required reserves by a quarter point to 0.5 percent.

It raised the discount rate by a quarter point to 1 percent.

When the central bank increased its benchmark interest rate by a quarter point in July, Governor Stephen Poloz said the next change would depend on incoming data.

When it chopped the rate in January by a quarter point, the big banks passed on only a portion of the rate cut to their customers then, too.

The Fed raised policy rate levels by a quarter point at its mid-March meeting, and the U.S. economy has achieved sufficient levels of unemployment and inflation to encourage further gradual policy tightening this year and into next.

The June jobs data blew past expectations, all but insuring that the Bank of Canada will hike interest rates by a quarter point next week — the first rate hike in seven years.

The U.S. Federal Reserve made it clear last December that the central bank sees U.S. growth as relatively stable, notching the federal funds rate higher by a quarter point.

At the NAR Midwinter Business Meeting in Honolulu, Tuccillo told attendees he wasn't surprised by the Fed's decision to cut the federal funds rate by a quarter point on Jan. 31.

The Bank of Canada's surprise decision to drop its benchmark lending rate by a quarter point in January will keep downward pressure on interest rates.

This started late last year when the Federal Reserve increased its benchmark interest rate by a quarter point in December, and again in March.

Graeme Wheeler on Thursday cut the Reserve Bank of New Zealand's benchmark rate by a quarter point to 2.75 %, citing «elevated volatility» in financial markets and «renewed falls» in commodity prices.

Gross domestic product contracted at an annual rate of 0.5 % in the second quarter and 0.8 % in the first, which is exactly what the Bank of Canada predicted in July when it dropped its policy rate by a quarter point.

Millions of Americans will, of course, be affected with rates going up by a quarter point.

Yellen announced that the Federal Reserve is raising the interest rates by a quarter point to 1.5 %.

The bets for an earlier shift receded after the latest inflation numbers, but there now is a consensus the Bank of Canada will raise its benchmark interest rate by a quarter point in the autumn, probably October.

Speaking by phone from Montreal on Wednesday, economist Paul - Andre Pinsonnault predicted Governor Stephen Poloz will cut the policy rate by a quarter point to 0.25 percent next month, matching a record low set in 2009 during the global financial crisis.

So once again, the Federal Open Market Committee raised the Fed Funds target rate by a quarter point.

Next week, the Federal Reserve is largely expected to increase the federal funds rate by a quarter point, the sixth hike since 2015 when the key benchmark rate was near zero.

(BPT)- The nation's central bank - the Federal Reserve - just raised interest rates by a quarter point.

December 13 - 14: The FOMC raised the fed funds rate by a quarter point, to 0.75 percent.

The Federal Reserve (Fed) raised interest rates last week as we had long expected, lifting rates by a quarter point.

The U.S. Federal Open Market Committee said on Dec. 13 it would raise its target range for the federal funds interest rate by a quarter point, to between 1.25 percent and 1.5 percent.

However, one lender announced changes to some of its mortgage rates shortly after the U.S. central bank boosted its key interest rate by a quarter point to a range of 0.5 to 0.75 per cent.

The Bank of Canada is hiking its benchmark interest rate by a quarter point to one per cent.

As anticipated, the Federal Reserve raised the federal funds» rate by another quarter point.

The Fed raised the federal funds rate — what banks charge each other for overnight loans — by a quarter point, from a range of 0.25 to 0.5 percent to a range of 0.5 percent to 0.75 percent.

In late September, the Fed reduced the federal funds rate by a quarter point.

Earlier this week, Federal Reserve officials announced they would increase the short - term federal funds rate by another quarter point.

For the second time in the past four months, the Federal Reserve has upped the benchmark interest rate by a quarter point to a target range of 0.75 — 1.0 percent.