rate hikes

ECB: ECB posts its first loss since 2004 after barrage of rate hikes

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The European Central Bank recorded its first loss in two decades following an unprecedented ramp-up in borrowing costs to tackle inflation. The shortfall for 2023 – even after the full release of ₹6.6 billion ($7.2 billion) in risk provisions – totalled ₹1.27 billion, as rising interest rates increased the cost of past stimulus efforts. While … Read more

RBI: Effective rates now largely higher than repo rate

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Mumbai: The Monetary Policy Committee has not officially raised interest rates for a year, but its novel stance of “focussing on withdrawal of accommodation” has led to much tighter financial conditions than the traditional rate hike stance of “calibrated tightening”, effectively delivering a rate hike without touching the policy rate. An analysis of the weighted … Read more