monetary-policy
Top StoriesAsia Stocks Hit 2-week High as Fed Talk Turns Dovish
Top StoriesDollar Stalls as Dovish Fed and China Hopes Help Euro
Top StoriesECB’s Schnabel Can’t Rule Out More Hikes Amid Inflation Risks
Top StoriesDollar, Stocks Slip Amid Still Tight U.S. Labor Market
‘Greedy Beast’ of Inflation Not yet Defeated, Bundesbank Chief Says
Date: October 5, 2023
‘Greedy beast’ of inflation not yet defeated, Bundesbank chief says FRANKFURT (Reuters) – Euro zone inflation is falling but the fight is not yet won and the high rate of underlying price growth remains worrisome, Bundesbank President Joachim Nagel said on Thursday. The ECB has raised its deposit rate to a record high 4% from...
UK Business Downturn Eases After Inflation Data, BoE Pause – PMI
Date: October 4, 2023
UK business downturn eases after inflation data, BoE pause – PMI LONDON (Reuters) – British services companies suffered a less severe downturn in September than first feared, reflecting a surprise fall in inflation and the Bank of England’s decision to leave interest rates on hold, a business survey showed on Wednesday. The final reading of...
ECB’s Centeno Says Rate Cycle Likely Completed, Inflation Retreating
Date: October 4, 2023
ECB’s Centeno says rate cycle likely completed, inflation retreating LISBON (Reuters) -The cycle of interest rate hikes by the European Central Bank has likely come to an end as inflation across the euro zone is retreating faster then it rose, ECB Governing Council member Mario Centeno said on Wednesday. “We can expect that the rate...
Euro Zone Aug Producer Prices Edge up Month-On-Month as Expected, Plunge Year-On-Year
Date: October 4, 2023
Euro zone Aug producer prices edge up month-on-month as expected, plunge year-on-year BRUSSELS (Reuters) – Euro zone producer prices edged higher as expected month-on-month in August and plunged year-on-year on a sharp drop in energy prices, data showed on Wednesday. The European Union’s statistics office Eurostat said prices at factory gates in the 20 countries...
Rouble Recovers Slightly After Slide Past 100 vs Dollar
Date: October 3, 2023
Rouble recovers slightly after slide past 100 vs dollar (Reuters) -The Russian rouble weakened past the symbolic threshold of 100 to the dollar before recovering slightly in early trade on Tuesday, weighed down by foreign currency outflows and the country’s shrinking current account surplus. The rouble’s last tumble into triple digits in August led the...
Oil Pares Gains Ahead of Fed Reserve Comments
Date: October 2, 2023
Oil pares gains ahead of Fed Reserve comments By Paul Carsten LONDON (Reuters) – Oil prices pared gains after earlier climbing $1 on Monday, with questions around supply and global demand and ahead of comments from the U.S. Federal Reserve chair that could offer insight on future interest rate moves. Brent December crude futures were...