Page 13 - Benchmark Rate News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(Bloomberg) -- Sri Lanka stood pat on borrowing costs for the first time in three meetings, after slashing the cash ratio for banks to bolster domestic liquidity and growth. Most Read from BloombergWagner Chief Prigozhin Listed Aboard Crashed Jet, Reports SayHuawei Building Secret Network for Chips, Trade Group WarnsWagner Chief Prigozhin Was in Deadly Jet Crash, Russia SaysQQQ Up in Late Hours on Nvidia’s Bullish Forecast: Markets WrapGoldman Is Cracking Down on Employees That Aren't in Office

Stock market indexes gave up early gains to finish lower, with the Dow notching its third consecutive decline.

Kremlin officials have discussed reviving a requirement on companies to sell export revenue, sources told Bloomberg.

Investors are eyeing gains in emerging markets stocks and a cooling of their currencies amid an unprecedented global decoupling in the direction of interest rates. While the U.S. Federal Reserve has delivered aggressive interest rate hikes since March 2022, major emerging market countries like Brazil, Chile and Hungary have kickstarted rate cutting cycles to spur their economies. It is not just the early aggressive hikers in Latin America and emerging Europe who are easing - Vietnam and China have also delivered rate cuts in recent months.

The Bank of England was wrong to put up interest rates last Thursday – its 14th increase in 21 months. The Monetary Policy Committee voted to raise the Bank’s main benchmark rate by 0.25 percentage points – from 5pc to 5.25pc, the highest since April 2008.