monetary-policy
Top StoriesLagarde Says ECB Very Close to Reaching Its Inflation Goal, Ft Reports
TradingMorning Bid: One Last Hurdle Remains for the Year
FinanceFed’s Hawkish Tilt Has Emerging Markets Scurrying to Save Currencies
InvestingEurope’s Stoxx 600 Clocks Worst Day in More Than a Month After Fed’s Hawkish Signal
Asian Shares Pinned Near Three-Month Lows, Dollar Towers at 2-yr Peak
Date: December 20, 2024
By Stella Qiu SYDNEY (Reuters) – Asian shares were pinned near three-month lows on Friday as investors awaited key U.S. inflation data that could either ease or worsen concerns about price pressures, while the dollar towered at two-year peaks. The closely watched inflation gauge – the U.S. Core Personal Consumption Expenditures – is due later...
US Tariffs Would Hit Hungary’s Growth, Boost Inflation, Central Bank Says
Date: December 19, 2024
By Gergely Szakacs BUDAPEST (Reuters) – New tariffs U.S. President-elect Donald Trump has pledged to impose on European Union imports would hit Hungary’s economic growth and boost inflation, the National Bank of Hungary (NBH) said in its quarterly inflation report on Thursday. Germany is expected to be more affected by any U.S. tariffs than other...
Norway Keeps Rates on Hold, Eyes Three Cuts in 2025
Date: December 19, 2024
OSLO (Reuters) -Norway’s central bank held its policy interest rate unchanged at a 16-year high of 4.50% on Thursday, as expected, and said it now planned to cut rates three times in 2025, down from four cuts seen previously. “The committee judges that a restrictive monetary policy is still needed to stabilise inflation around target,...
UK’s FTSE Slides to 1-mo Low as Fed Dampens Mood Ahead of BoE
Date: December 19, 2024
(Reuters) – UK’s main FTSE 100 stock index dropped 1% and revisited its near one-month low on Thursday, as the U.S. Federal Reserve’s overnight projection of a slower path of interest-rate cuts knocked down investors’ risk appetite globally. The FTSE 100 was down 1% as of 0900 GMT, hitting its lowest since Nov. 21, levels...
BOJ Keeps Ultra-Low Rates, Gives Few Clues on When It Might Hike
Date: December 19, 2024
By Leika Kihara, Satoshi Sugiyama TOKYO (Reuters) -The Bank of Japan kept interest rates unchanged on Thursday and its governor offered few clues on how soon it could push up borrowing costs, sending the yen and bond yields tumbling on fresh doubts over the near-term chances of a rate hike. As widely expected, the nine-member...
Fed’s Hawkish Tilt Has Emerging Markets Scurrying to Save Currencies
Date: December 19, 2024
By Nimesh Vora and Ankur Banerjee MUMBAI/SINGAPORE (Reuters) – Central banks from Brazil to Indonesia scrambled to defend their struggling currencies on Thursday, hours after the Federal Reserve jolted markets by indicating it may not cut rates by much next year. The Fed’s tacit acknowledgement of the inflationary risks likely to come from incoming president...