monetary-policy
TradingSterling Extends Bounce Off Recent Lows as U.S. Election in Focus
TradingDollar Slips, Stocks Edge up Before Tight US Election
InvestingMarkets Brace for US Election Showdown in Event-Packed Week
BankingCzech Central Bank Likely to Continue Rate Cuts, Analysts Say: Reuters Poll
UK Year-Ahead Public Inflation Expectations Rise to 3.3% in Oct, Citi/YouGov Survey Shows
Date: November 1, 2024
LONDON (Reuters) – British households’ expectations for inflation over the next 12 months rose again in October, adding to the likelihood that the Bank of England will only cut interest rates once a quarter, a monthly survey from Citi and YouGov showed on Friday. The survey showed expectations for inflation in a year’s time rose...
BOJ Should Wait at Least Six Months for Rate Hike, Says Opposition Kingmaker
Date: November 1, 2024
By Makiko Yamazaki, Takaya Yamaguchi and Tim Kelly TOKYO (Reuters) -The Bank of Japan should wait for at least six months before hiking interest rates, until there are signs of sustainable wage gains above inflation, the head of the opposition party that the ruling LDP is courting for support said. There should be no significant...
Markets Start Big Month on Cautious Footing as US Jobs Data Looms
Date: November 1, 2024
By Stella Qiu and Alun John SYDNEY/LONDON (Reuters) – Markets started what could be a momentous month warily, with shares steady and Treasury yields near four-month highs ahead of U.S. jobs data, with volatility in British government bonds after this week’s budget adding to the sense of nervousness. Friday’s nonfarm payrolls report is in focus...
Pound Set for Worst Weekly Losses Since 2018 After Budget Jolt
Date: November 1, 2024
LONDON (Reuters) – The pound stabilised on Friday after a volatile few sessions, but still headed for its longest stretch of weekly losses in nearly six years, as political and monetary uncertainty has prompted investors to favour the dollar lately. UK finance minister Rachel Reeves this week delivered her first budget since the Labour party...
Swiss Inflation Falls to Lowest Level in Three Years
Date: November 1, 2024
ZURICH (Reuters) – Swiss inflation fell to its lowest level in more than three years in October, government data showed on Friday, pointing towards more interest rate cuts by the Swiss National Bank this year and into 2025. Swiss consumer prices rose by 0.6% in October compared with the same month a year earlier, data...
Global Economy Set to Cruise at a Solid 3% Growth Rate Next Year
Date: November 1, 2024
By Hari Kishan BENGALURU (Reuters) -Global economic growth will maintain its robust pace next year as major central banks implement a series of interest rate cuts against the backdrop of a strong U.S. economy, according to a Reuters poll of around 500 economists. Next week’s hotly-contested U.S. presidential election could limit the growth picture, however,...