Hike likely in 2nd half of 2021 amid rebound from pandemic Economic uncertainty remains, but is no longer “substantial” Norges Bank could become first in G10 to hike (Adds quotes from central bank governor)
OSLO, May 6 (Reuters) - Norway’s central bank said it was on track to hike interest rates later this year if the economic recovery from the coronavirus pandemic proceeds as it expects.
The bank kept its key policy interest rate on hold at a record-low 0.0% at its latest meeting on Thursday, as expected.
Norges Bank plans to raise rates in the third or fourth quarter of 2021, likely making it the first among G10 central banks to increase the cost of borrowing since the pandemic began.
Mexico's central bank on Thursday kept its key interest rate steady, as expected, in a unanimous decision by its five-member board that reflected growing concerns about the path of inflation and expectations the next move would likely be a hike.
(Adds economist’s comments, background)
MEXICO CITY, May 13 (Reuters) - Mexico’s central bank on Thursday kept its key interest rate steady, as expected, in a unanimous decision by its five-member board that reflected growing concerns about the path of inflation and expectations the next move would likely be a hike.
For the second meeting in a row, the Bank of Mexico, known locally as Banxico, kept the rate unchanged at 4.0%, after cutting it by 25 basis points in February.
Banxico said that inflation expectations for 2021 had risen since its last monetary policy meeting. It said expectations for the medium and long-term periods remained stable above the 3% target.
RBA holds cash rate and 3-yr yield target at 0.1% Says committed to yield target, to buy more bonds if needed (Adds comment from CBA economist in pars 7,8, 11)
SYDNEY, March 2 (Reuters) - Australia’s central bank on Tuesday affirmed its pledge to keep interest rates at historic lows as policymakers battle to stop surging bond yields disrupting the country’s surprisingly strong economic recovery.
Concluding its March board meeting, the Reserve Bank of Australia (RBA) kept rates at 0.1% and committed to maintaining its “highly supportive monetary conditions” until its employment and inflation goals are met.
Global bond markets have sold off heavily in recent days on speculation the massive monetary stimulus will soon end as economies emerge from the pandemic-induced recession.