monetary-policy
InvestingSterling Sags as ‘Trump Bump’ Lifts Dollar
InvestingRussian Inflation Jumps 0.37% in Latest Week
FinanceUK Inflation Jumps to 2.3%, Underscoring BoE’s Stance for Gradual Rate Cuts
FinanceUK Inflation Could Undershoot Forecasts, Requiring Faster Rate Cuts, BoE’s Ramsden Says
Euro Zone Negotiated Pay Growth Accelerates in Q3, Adding to Rate Cut Caution
Date: November 20, 2024
FRANKFURT (Reuters) – Euro zone negotiated wage growth accelerated in the third quarter, adding to the case for caution in cutting interest rates quickly as the labour market remains tight despite some signs of cooling, data from the European Central Bank showed on Wednesday. Growth in negotiated wages picked up to 5.42% in the third...
ECB Fears Trump Tariff Effect on Growth More Than on Inflation
Date: November 18, 2024
FRANKFURT (Reuters) -Two top European Central Bank policymakers signalled on Monday they were more worried about the damage that expected new U.S. trade tariffs would do to economic growth in the euro zone than any impact on inflation. Investors and policymakers around the world are awaiting the details of U.S. President-elect Donald Trump’s new trade...
Russia’s Central Bank Says Inflationary Pressure Remains High
Date: November 18, 2024
MOSCOW (Reuters) -Inflationary expectations among Russian households for the year ahead stood at 13.4% in November, unchanged from October, while inflationary pressure remained high, the central bank said on Monday. The central bank raised its benchmark interest rate to 21% last month, the highest level in more than 20 years, citing high inflation and elevated...
Global Shares Soft; Dollar, Bond Yields Hold Near Multi-Month Highs
Date: November 18, 2024
By Samuel Indyk and Rae Wee LONDON (Reuters) -The U.S. dollar and bond yields held near multi-month peaks on Monday on expectations the Federal Reserve would slow its pace of easing, while global shares were mostly lower, with investors waiting for Nvidia’s earnings release later in the week. U.S. President-elect Donald Trump’s new administration is...
European Shares Struggle Ahead of Speeches From ECB Policymakers
Date: November 18, 2024
(Reuters) -European shares dipped on Monday following a string of weekly losses, weighed down by real estate and technology stocks, while investors awaited speeches from European Central Bank policymakers to gauge the path of interest rates. The continent-wide STOXX 600 index dropped 0.2% by 0909 GMT. The benchmark posted its first four-week losing streak in...
Morning Bid: BOJ Open to Tightening, Mum on Timing
Date: November 18, 2024
A look at the day ahead in European and global markets from Wayne Cole. It’s been a relatively calm start to the week for markets with the early action in currencies, as the dollar nudged up on the yen after Bank of Japan Governor Kazuo Ueda again left investors guessing on the timing of rate...