LONDON (Reuters) – Global commercial insurance rates rose 19% in the second quarter, driven higher by claims related to COVID-19 and other large losses, insurance broker Marsh said on Monday. The rate rise was the highest since Marsh began its commercial insur... More »
TOKYO/FRANKFURT/WASHINGTON (Reuters) – After years of applying plenty of stick to commercial lenders unhappy with negative interest rate policies, central bankers in the euro zone and Japan are experimenting with some carrot, too. With the coronavirus pandemic... More »
NEW YORK/SINGAPORE (Reuters) – Negative interest rates in the United States were once unimaginable. The coronavirus has changed that. While the Federal Reserve has all but ruled it out, the sweeping economic and financial-markets impact of the pandemic has for... More »
FRANKFURT (Reuters) – The European Central Bank left policy unchanged at new ECB President Christine Lagarde’s first meeting on Thursday, keeping money taps wide open and further stimulus ready as the euro zone economy continues to suffer from broader global t... More »
MOSCOW (Reuters) – Russia’s central bank sees some room to further cut its key rate, First Deputy Governor Ksenia Yudayeva said on Monday. “…in principle, we currently see certain room for a further reduction, but we have to follow the situation very closely, ... More »
SHANGHAI (Reuters) – China on Monday unexpectedly kept unchanged its new benchmark lending rate, suggesting Beijing is keen to avoid overly loosening monetary policy for fear it may push up already-high debt levels across the economy. The one-year Loan Prime R... More »
FRANKFURT (Reuters) – The European Central Bank is giving euro zone banks a small reprieve from a penalty charge on their idle cash but this is likely to prove too little, too late for a sector hurt by years of low interest rates. In its latest bid to shield t... More »
FRANKFURT (Reuters) – The European Central Bank approved a fresh stimulus package as expected on Thursday, cutting interest rates and approving a new round of bond purchases to prop up euro zone growth and halt a worrisome drop in inflation expectations. The E... More »
SYDNEY (Reuters) – Australia’s central bank would consider unconventional monetary options if the cash rate was cut to 0.5%, Deputy Governor Guy Debelle said on Tuesday, though he hoped such heavy policy adjustments would not be needed. Debelle said the Reserv... More »
BEIJING/SHANGHAI (Reuters) – China’s announcement of key interest rate reforms over the weekend has fueled expectations of an imminent reduction in corporate borrowing costs in the struggling economy, boosting share prices on Monday. The People’s Bank of China... More »
SHANGHAI (Reuters) – China’s central bank could cut its benchmark policy rate for the first time in four years if the U.S. Federal Reserve delivers a widely expected cut in late July, analysts say, as Chinese policymakers step up support for the slowing econom... More »
BANGKOK (Reuters) – Thailand’s central bank is expected to keep its benchmark policy rate steady on Wednesday for a fourth straight meeting, a Reuters poll showed, despite slowing growth and the way many Asian central banks have shifted toward easing policy. I... More »
JAKARTA (Reuters) – Bank Indonesia is expected to keep its benchmark interest rate steady at a policy review on Thursday, but it may begin to follow other Asian central banks by cutting later this year, a Reuters poll showed. All but three of 22 analysts surve... More »
NEW YORK (Reuters) – Federal Reserve policymakers have no reason to change U.S. interest rates anytime soon but will startle global markets by resuming rate hikes rather than pivoting to cuts, according to a leading Wall Street money manager. Scott Minerd, who... More »
JAKARTA (Reuters) – Indonesia’s central bank will keep interest rates on hold on Thursday, a Reuters poll showed, though some economists say a rate cut to bolster economic growth is coming – and one sees a possible trim next month. All 23 analysts in the poll ... More »
HONG KONG (Reuters) – Chicago Federal Reserve Bank President Charles Evans said on Monday it was understandable for markets to be nervous when the yield curve flattened, though he was still confident about the U.S. economic growth outlook. In what many see as ... More »
(Reuters) – The Bank of Canada will next raise interest rates early next year, and twice again by the end of 2019, according to economists polled by Reuters who say the central bank needs to be careful with the pace of tightening. As recently as late October t... More »
KUALA LUMPUR (Reuters) – Malaysia’s central bank is expected to leave its benchmark interest rate unchanged at a policy meeting on Thursday, a day after the country holds a general election, a Reuters poll showed. Eleven economists polled by Reuters were unani... More »
A pair of elderly couples view the ocean and waves along the beach in La Jolla, California March 8, 2012. REUTERS/Mike Blake CHICAGO (Reuters) – U.S. interest rates finally are on the rise after a decade stuck near zero – and that should be good news for retir... More »
FILE PHOTO: New York Fed President William Dudley takes part in a panel convened to speak about the health of the U.S. economy in New York, U.S. on November 18, 2015. REUTERS/Lucas Jackson/File Photo (Reuters) – New York Federal Reserve President William Dudle... More »
JPMorgan Chase & Co on Friday raised its forecast on the number of U.S. interest rate increases by the Federal Reserve next year to four from three as the October payrolls data reinforced the view of a tightening domestic labor market. More »
South Korea's central bank is expected to raise interest rates for the first time in more than six years at its Nov. 30 meeting, months earlier than previously anticipated, after the economy grew at a robust pace in the third quarter. More »
FILE PHOTO: A businessman walks past the Reserve Bank of Australia in Sydney February 4, 2014. Australia’s central bank on Tuesday marked a full year without changing interest rates, and many economists suspect rates could stay at record lows of 1.5 percent fo... More »
FILE PHOTO: A sign is displayed in the reception of the Sydney offices of Goldman Sachs in Australia, May 18, 2016. REUTERS/David Gray/File Photo U.S. savers who routinely scour personal finance sites for the best deposit rates are soon going to see an unusual... More »
Two people walk towards the entrance of the Reserve Bank of New Zealand located in the New Zealand capital city of Wellington, March 22, 2016. REUTERS/Rebecca Howard/File Photo The Reserve Bank of New Zealand (RBNZ) defied market expectations it would adopt a ... More »
Indonesia’s central bank is widely expected to keep its policy interest rate unchanged on Thursday to support growth while it guards against rising inflation and capital outflow pressures. More »
FILE PHOTO: Offices in the financial district of Canary Wharf in London, Britain, January 19, 2017. REUTERS/Kevin Coombs/File Photo Rock-bottom interest rates hurt more big European banks in 2016 than in the previous year, but the worst could soon be over with... More »
The Reserve Bank of India (RBI) Governor Urjit Patel attends a seminar during the Vibrant Gujarat investor summit in Gandhinagar, India, January 11, 2017. REUTERS/Amit Dave India’s central bank kept its policy rate on hold for a second meeting in a row, opting... More »
People walk past the Reserve Bank of Australia Building in Sydney’s central business district, May 5, 2016. REUTERS/Jason Reed/File Photo Australia’s central bank held rates steady at its first policy meeting of the year on Tuesday, playing down a recent soft ... More »
Florida’s insurance commissioner is allowing MetLife Inc and Unum Group boost long-term care premiums, alleviating financial stress the insurers have been facing from rising medical costs and policyholders living longer. More »
Thailand’s central bank logo is seen at the Bank of Thailand in Bangkok, Thailand April 26, 2016. REUTERS/JorgeSilva/File Photo Thailand’s central bank is expected to leave benchmark interest rate steady for a 13th straight meeting at its policy review this we... More »
Logo of Swiss PostFinance bank is seen at a branch in Zurich, Switzerland August 22, 2016 REUTERS/Arnd Wiegmann Swiss bank PostFinance [PFAG.UL] will start charging private customers for holding deposits of more than 1 million Swiss francs ($1 million), it sai... More »
The logo of the Bank of Korea is seen on the top of its building in Seoul, South Korea, July 14, 2016. REUTERS/Kim Hong-Ji South Korea’s central bank is forecast to keep interest rate policy on hold on Thursday as board members weigh the risks from household d... More »
TOKYO Japan’s Ministry of Finance is negotiating with the country’s major banks to lend to the government at a zero interest rate in auctions beginning in October or November, a government official familiar with the procedure said on Monday. The government has... More »
KUALA LUMPUR Malaysia’s central bank surprised markets on Wednesday by cutting its key interest rate for the first time in seven years, saying the move would help the country remain on a “steady growth path”. Bank Negara Malaysia (BNM) cut the overnight policy... More »
SYDNEY A change in interest rates will be on the table at every meeting of the Federal Reserve, but the timing of any move will depend on how the economy performs, a top Fed official said on Wednesday. Answering questions after a speech in Sydney, Federal Rese... More »
(This version of the July 11 story corrects age of Gerald Freisleben to 55 from 50 and spelling of his last name from Freiselben in last and third-from-last paragraphs) By Beth Pinsker NEW YORK After thrice refinancing the house she had bought in 2012, Nedalee... More »
FRANKFURT It doesn’t look like much, but a boxy wooden vintage Swedish footstool isn’t just a place to rest your weary feet after cross-country skiing. It is the latest competition to hedge funds or high end real estate. And that means it will cost you $17,000... More »
NEW YORK In the textbooks Zach Abrams studied to become a certified financial planner 10 years ago, there was talk of a curious strategy called ‘laddering CDs’. Yet since the 31-year-old has been a practicing financial adviser, it has not come up much. Parking... More »
BlackRock Inc’s (BLK.N) chief investment officer of fundamental fixed income, Rick Rieder, believes the window for the U.S. Federal Reserve to raise interest rates is closing, he said in an interview on Monday. While Rieder hopes the Fed will still begin raisi... More »
