RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Bank of Japan Signals Cautious Path Toward Further Rate Hikes Amid Yen Weakness 
RBA Expected to Raise Interest Rates by 25 Basis Points in February, ANZ Forecast Says 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
Federal Reserve Faces Subpoena Delay Amid Investigation Into Chair Jerome Powell 
![](https://www.pinterest.com/pin/create/button/?url=https://econotimes.com/US-Feds-Powell-favors-raising-rates-fairly-gradual-22508/&media=https://www.econotimes.com/assets/images/econotimes/metaDefault.png&description=US Fed's Powell: favors raising rates "fairly gradual" - EconoTimes)
- timing and pace of rate rises will be data dependent
- sees no troubling buildup of frothy financial conditions
- favours raising rates "fairly gradually"
- expects inflation to gradually rise to Fed's 2% goal
- jobless rate understimates remaining labour market slack
- labour market progress continuing despite March data
- expects US economy will support rate lift-off later in 2015
- first rate rise could come as soon as June
- Fed should look for more proof that labour markets tightening
Fed's Powell aka "the lone Republican" in a speech in NY
