monetary-policy
TradingS&P 500 Blows Past 6,000 Points on Trump Presidency
InvestingWorld Stocks Cruise to Best Week Since August on Trump Win, China in Focus
InvestingMorning Bid: Stocks at Record Peaks on Stimulus Hopes
BankingBank of England Cuts Rates but Sees Higher Inflation After Reeves’s Budget
Barclays Says Bank of England to Hold Rates in December Meeting
Date: November 8, 2024
(Reuters) – Barclays expects the Bank of England to hold interest rates at its December meeting, revising its prior forecast of a cut, citing the central bank’s cautious tone that emphasized uncertainty and gradual policy moves. The Bank of England cut interest rates on Thursday for only the second time since 2020 and said future...
Asia Stocks Sputter as Focus Shifts to China Stimulus
Date: November 8, 2024
By Kevin Buckland TOKYO (Reuters) –Asian stocks pared early gains on Friday as investors cautiously turned their focus to stimulus announcements from China later in the day with Beijing’s week-long legislative meeting drawing to a close. Regional equities had started the day by tracking Wall Street’s overnight rise to record highs, with investors digesting the...
Bank of England Cuts Rates Again, Sterling Higher
Date: November 7, 2024
LONDON (Reuters) – The Bank of England cut interest rates on Thursday for only the second time since 2020 and said future reductions were likely to be gradual, seeing higher inflation and growth after the new government’s first budget. Its Monetary Policy Committee (MPC) voted 8-1 to cut rates to 4.75% from 5%, a stronger...
Dollar Gives up a Bit of Post-Election Surge; Central Bank Decisions Awaited
Date: November 7, 2024
By Brigid Riley TOKYO (Reuters) -The dollar edged lower on Thursday after hitting a four-month high following Republican Donald Trump’s win in the U.S. presidential election, while investors awaited policy decisions from the Federal Reserve and other central banks. The Fed is expected to cut interest rates by 25 basis points later in the day,...
Bank of England Readies New Rate Cut as Budget Hangs Over Outlook
Date: November 7, 2024
By Andy Bruce LONDON (Reuters) – The Bank of England is likely to cut interest rates on Thursday for only the second time since 2020 but the big question for investors is whether the BoE sends a signal about its subsequent moves after the government’s inflation-raising budget. The BoE has had almost a week to...
Global Central Bank Easing Cycle Grinds Along in October
Date: November 6, 2024
By Karin Strohecker and Sumanta Sen LONDON (Reuters) – The global monetary easing cycle ground along in October, with central banks across developed and emerging economies lowering interest rates ahead of the year’s biggest geopolitical event, the U.S. election. Three of the four central banks overseeing the 10 most heavily traded currencies that held meetings...