25 Bps News Today

MONETARY authorities are not done with tightening and will consider a 25-basis-point (bps) rate hike next month, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said on Wednesday.

In his latest note, WisdomTree strategy advisor and Professor Jeremy Siegel talks another 25 bps rate hike from the Fed.

Out of the six members of the Monetary Policy Committee, two have voted against a repo rate hike in a couple of instances.

Investors expect the Federal Reserve will raise interest rates this week despite the fallout from Silicon Valley Banks collapse.

Housing Development Finance Corporation Ltd (HDFC) announced that the company has revised its Retail Prime Lending Rate (RPLR) HDFC increases its Retail Prime Lending Rate (RPLR) on Housing loans, on which its Adjustable Rate Home Loans (ARHL) are benchmarked, by 25 basis points, via an exchange filing. The revised lending rates will be effective from March 1, 2023.

The Union Bank of India has hiked its marginal cost of funds-based lending rates by 25 basis points across tenures, effective Saturday, according to the bank's website. After the revision, the bank's lending rates are in the range of 7.90-9.00%. On Saturday, Union Bank of India hiked its external benchmark-based lending rate by 25 bps to 9.30%.

RBL Bank hikes MCLR by 5 bps across tenures

Central Bank of India hikes MCLR by 25 bps across tenures

The wholesale price index (WPI) inflation has softened to 10.7 per cent in September 2022 from its peak of 16.2 per cent in June 2022, Saket Dalmia, president,