Page 95 - Bon News Today

(Bloomberg) -- The spike in global food and energy prices triggered by Russia’s invasion of Ukraine will force already hawkish central banks in Latin America to raise interest rates further, according to a report Bank of America Corp.

The Ukraine war’s impact on global supply chains could force the Reserve Bank of India (RBI) to raise its inflation forecast, but may leave little scope for it to tighten monetary policy.

(Bloomberg) -- Hungary’s central bank will continue raising interest rates after government-imposed price caps on everything from food to fuel failed to slow inflation. Policy makers will probably raise the base rate 50 basis points to 3.

(Bloomberg) -- Portugal plans to use 150 million euros ($164 million) of the extraordinary revenue its Environmental Fund is receiving to lower the electricity network access tariff as the government tries to contain rising energy costs.

(Bloomberg) -- The shock of surging oil prices cascaded through financial markets Monday as investors sought to price in the impact of a potentially prolonged period of higher global energy costs.

(Bloomberg) -- European Central Bank officials on alert for any sign record inflation might ignite wage pressures are now wondering if they may need to keep waiting.

(Bloomberg) -- European Central Bank officials on alert for any sign record inflation might ignite wage pressures are now wondering if they may need to keep waiting.

(Bloomberg Opinion) -- Americans are understandably grumpy about 2022 amid buffeting by surging inflation, supply-chain disruptions, labor shortages and Covid-19. They might or might not feel relieved to learn that the country’s business leaders are more upbeat than ever.

(Bloomberg) -- Traders are adding bets on an outsized interest-rate increase in South Africa later this month as the surge in the price of crude oil fuels inflation expectations.

Traders piled into options that oil could surge even further after rising to the highest since 2008, with some even placing low-cost bets that futures will rise above $200 before the end of March.